Protecting Employees With Kidnap and Ransom Insurance

A Chief Security Officer (CSO) is the person most responsible for anticipating any threats facing an executive, whether here in the US or travelling abroad. Such threats vary widely depending on the size of the company, the industry it is engaged in, and the individual executive’s profile. CSOs in oft-targeted sectors such as the financial services, pharmaceutical and energy industries, and those with executives based overseas, must worry about incidents from threatening letters and e-mails and workplace violence, to kidnapping, carjacking, mail-borne explosives, biological agents and terrorism.

CSOs who have managed executive protection programs know that protecting an individual requires a very different discipline from securing a facility. An executive protection portfolio for kidnap/ransom requires risk assessment and cost-benefit analysis in order to be successful in preventing these types of events from happening.

There are numerous ways for an attacker to get to an executive, including through family members. Executives will also rebel against onerous security restrictions, which is another challenge facing many CSOs. They have the arduous task of calibrating protection that serves their company’s needs while also making that security palatable to the executives who have to live with it.

How does one go about building an executive protection (EP) program? These tips apply whether spending millions to protect top executives or hiring the occasional security provider when a CEO, or other executive-level employee travels. Following this advice can make an enormous difference in the safety of these individuals and transform the executives’ idea of personal protection from a barely tolerated hassle into an added bonus.

Tip #1 – Ask questions early and often

Whether just starting an EP program or just looking to tune up a preexisting plan, the first step CSOs should take is to conduct a thorough risk analysis. First, identify the individuals who are most critical to the company, assess the impact to the corporation if they were lost and examine the risks that each of those people faces.

Is there a history of threats against any of these individuals? Do they travel regularly to dangerous places? To what kinds of crimes or dangerous situations are they most vulnerable? Some executives keep a very low profile, while others tend to court media attention and risk attracting the notice of undesirables.

Tip #2 – How to protect employees travelling abroad

After determining the individuals who need protection, consider everything about their public and private lifestyles. This is called creating a “principal profile,” and it requires the executive’s full cooperation. There is a need to know everything about his work and home lives (everything from detailed information about his home, his family’s habits and any organizations and clubs he frequents).

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