Specialist insurer Hiscox has introduced Personnel Security Plus, a new product designed to complement an existing Hiscox kidnap and ransom insurance policy, and provide businesses with additional protection for their employees who are becoming increasingly vulnerable to a wide range of risks.

The policy covers 22 different perils including workplace violence, cyber stalking, abduction, bribery, blackmail, social engineering, and acts of terrorism.

Hiscox says the cover will give businesses access to specialist global risk consultancy, Control Risks, who can provide pre-event threat assessment and evaluation, as well as recovery and post-incident support and advice. Depending on the type of risk and broader circumstances, policyholders can also benefit from the immediate deployment of a Control Risks crisis management expert to their location to help manage the incident on the ground.

Stuart Allen, kidnap and ransom line underwriter for Hiscox, said: “It’s not just in unstable parts of the world where employee safeguarding can be a challenge, but in countries and regions where you might not expect to experience security issues like cyber stalking, workplace violence or terrorism. Personnel Security Plus will help employers respond to crises involving their employees wherever they are in the world; helping to keep them safe, while effectively carrying out their duty of care as an employer.”

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