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back to index backASIAtalk July,  2005

RMs can help thwart kidnappers

While kidnappings and hostage situations have been well covered by media outlets since the start of the war in Iraq, several countries have been hotbeds of kidnappings, including Colombia.

About 15,000 incidents occur annually across the globe, and these statistics can leave many workers paralyzed with fear if they have to travel abroad for company business.

Many employees are concerned about their own safety, what their firm will do if they are kidnapped, and who will take care of their families if they are killed or detained indefinitely. Risk managers can play a key role in employee safety abroad by providing workers with the latest information about security threats, how kidnappings occur, what can be done to prevent and mitigate the effects of kidnappings and extortion, and whether kidnap and ransom (K&R) insurance is available to cover family counseling and other needs.

K&R policies will cover ransom payments, personal financial losses, security services, and counseling for employees and families. Risk managers can lead the way in protecting workers abroad through careful planning and expert advice from security personnel, terrorism experts, government information, and other resources.

Source: Globality newsletter

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Other articles from the same issue (July,  2005).

Workaholism in Asia
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The practice of low-cost country sourcing (LCCS) is accelerating
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Increasing your value: An automotive global supply approach
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A foreign perspective on China's ports and shipping
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With sales rising 30% a year, Indian part maker investments will top $1 billion
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Thailand: What are the legal requirements for establishing a company?
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Establish a business presence in Japan in one of three modes
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RMs can help thwart kidnappers
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Don't put all eggs in China basket: METI
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Protect company trade secrets from in-house thieves
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