Moral hazards of kidnap and ransom insurance

If you work for a large multi-national company (MNC), the great news is that your company has you covered if you get kidnapped and held for ransom.

But you probably didn’t know that.

In fact, most MNCs purchase kidnap and ransom insurances for their employees.

But rarely do they inform their people.

One of the major reasons is that these MNCs want to mitigate the moral hazard of employees faking their own kidnapping!