What's Inside Guide
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In the face of evolving global security threats, AIG is here to provide support for businesses and individuals through insurance and risk consultancy expertise. We provide a holistic crisis management solution that identifies and mitigates risks to employees before they occur, as well as delivering a best in class response service and broad insurance cover – to keep your business in business and your people safe and secure.
By providing both insurance and risk consultancy services we help our clients to be safe and secure, and to deal confidently with the challenges that the modern world presents. Recognising that threats to businesses and people come in many forms, our insurance is designed to provide both a broad level of coverage and crisis management support. When the unexpected happens, we help you manage and recover.
We also provide our customers with world class response consultants, guaranteeing expert support wherever you are around the globe. This includes support from NYA, a specialist crisis consultancy who are AIG’s global response partner, AIG Travel and a panel of legal, technical and communications professionals specialising in reputational management.
We cover the costs arising from a broad range of threats that may impact your people, business, brand or reputation – more than simply kidnap and ransom insurance. Acting as an umbrella policy with limits up to US$50million, Crisis Solution offers world-wide coverage 24 hours a day, 365 days a year. Some types of crisis are covered automatically as part of our core coverage, others are optional.
Crisis Solution also includes a range of tools and prevention services to help reduce the likelihood of a loss and provide additional layers of defence within an organisation’s domestic and overseas programmes. These include a free Travel Assistance app alongside our GlobalWatch online country and security risk portal.
There are 8 principle perils at the centre of a Crisis Solution policy.
In an extortion scenario the perpetrators demand ransom payment as a condition of not carrying out the threat. Our extortion coverage responds to illegal threats to kill, injure, abduct your people, to damage property or disseminate trade secrets or confidential information.
Kidnap for ransom remains an important source of income for criminals throughout the world. Sitting at the heart of your Crisis Solution policy, any alleged, attempted or actual kidnap is responded to by the industry leading support of NYA.
The act of holding people against their will can be effected by anyone, including government authorities. Global travellers, foreign workers, and expatriates can be particularly vulnerable. Any detention lasting over 3 hours that’s unrelated to a proven criminal offence or a failure to produce correct documentation is covered.
An emerging crime trend is shorter term abductions with the intention of rapid financial gain (such as repeatedly forced withdrawals from an ATM). These fast-paced abductions, often concluding in a matter of hours when maximum withdrawal limits have been reached, have been termed ‘Express Kidnapping’.
When someone is missing without an explanation it can be a confusing and alarming situation. Disappearance covers investigation costs following the disappearance of an insured person who has been missing for more than 48 hours, whatever the reason.
Threats to people and property can come in many forms and not always for financial reasons. This coverage gives a client access to crisis consultants to conduct an initial threat assessment and, if necessary, recommend additional physical security support.
Covers the emergency extraction of expatriates or internationally based personnel from any location around the world, should the security environment significantly deteriorate. Coverage can extend beyond the cost of extraction, to salaries, personal effects and the cost of relocation too.
A hijack, like a detention, is triggered when people are held against their will or ‘under duress’ while travelling. Example scenarios include plane hijackings, protracted carjackings and water vessel seizures.
Access to Response Consultants
Clients have access to consultants at our specialist global response partner NYA, with the following advantages:
In the event of an incident, AIG will reimburse the following:
The market for Crisis Solution cover is extensive. It is suitable for organisations of all sizes where their employees are exposed to some degree of ‘people risk’.
We will look to provide solutions for all industry types, however, Crisis Solution is particularly relevant for businesses within:
Crisis Solution (Family)
Coverage protects against incidents of kidnap, extortion, hijack, disappearance and detention as well as assaults and intimidation to individuals and property. It is supported by a risk prevention package designed to provide help and advice around all matters of personal security.