Incidents during international business assignments may have severe implications for organizations. An inadequate company response to a crisis situation might result in severe repercussions for the company’s reputation, brand and ability to attract a professional workforce going forward. In addition, an ill-handled crisis may extend to wider corporate threats, such as business interruption, loss of market share and falling share prices.
Managing crisis situations successfully requires forward-planning and well-thought post-incident strategies, but, in addition, also affirmative support from the insurer. Due to the new and more complex risks related to today’s business travel, AIG seek to develop insurance solutions, which offer support during all stages of an incident; from pre-planning and prevention activities to the response during an incident, and post-incident services to the finally stage of the claims management.
How well does your policy respond to a crisis? Read the whole article in Strategic Risk.
Read more about AIG’s Kidnap, Ransom and Extortion insurance.