Being kidnapped isn't something most people consider to be a hazard, and generally they give it no thought. However, it's a serious risk in many parts of the world.

'Express' kidnapping

Express kidnapping, which sounds like a variety of fast food, occurs when an executive is grabbed at an airport, quickly pulled into a vehicle and taken to multiple ATMs to withdraw money.

There is usually a 24-hour withdrawal limit at the ATM, so the person is kept for two to three days and then released.

Executives are easy to spot: They tend to be well-dressed, with multiple electronic devices and expensive briefcases, and they tend to come off the plane early, having flown first or business class. Once the kidnappers identify the victim and the level of importance within the company, the situation may escalate. The employer and the family often pay to avoid risking harm to their employee or loved one.

4 insuring agreements for coverage

Coverage, provided by ISO Form CR 00 40, Kidnap/Ransom and Extortion Coverage, has four insuring agreements:

• Kidnap/ransom and extortion — direct loss,

• Kidnap/ransom and extortion — expenses incurred,

• Detention or hijack, and

• In-transit delivery of property.

In most cases an individual is kidnapped for cash, but other property may be demanded as well. All are covered by insuring agreement one.