London, UK (10 September 2024): Global specialist insurer Hiscox has today announced the launch of a new Personnel Security Plus product.
Designed to complement an existing Hiscox Kidnap and Ransom insurance policy, Personnel Security Plus provides businesses with additional protection for their employees who are becoming increasingly vulnerable to a wide range of risks. The policy covers 22 different and diverse perils including workplace violence, cyber stalking, abduction, bribery, blackmail, social engineering, and acts of terrorism.
With Personnel Security Plus, businesses will have 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. This is accessed through Control Risks’ state-of-the-art 24/7 Global Risk and Operations Centre. 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, commented: “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.”
ENDS
For further information please contact:
Carmel McCarthy
07769 280903
Notes to editors
About The Hiscox Group
Hiscox is a global specialist insurer, headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). Our ambition is to be a respected specialist insurer with a diverse portfolio by product and geography. We believe that building balance between catastrophe-exposed business and less volatile local specialty business gives us opportunities for profitable growth throughout the insurance cycle.
The Hiscox Group employs over 3,000 people in 14 countries, and has customers worldwide. Through the retail businesses in the UK, Europe, Asia and the USA, we offer a range of specialist insurance products in commercial and personal lines. Internationally traded, bigger ticket business and reinsurance is underwritten through Hiscox London Market and Hiscox Re & ILS.
Our values define our business, with a focus on people, courage, ownership and integrity. We pride ourselves on being true to our word and our award-winning claims service is testament to that. For more information, visit www.hiscoxgroup.com.
About Control Risks
Control Risks is a global specialist risk consultancy that helps to create secure, compliant and resilient organisations. With 39 offices across the world, we combine unrivalled expertise, experience and reach with the power of data and technology to provide the insight and intelligence needed to stay on track, realise opportunities and grow.
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