DBA Insurance has launched a new expert report to help contractors and subcontractors navigate Defense Base Act insurance, whether they work with the military, aid agencies, or nonprofits.
Are you a military, nonprofit, or aid contractor? Do you use subcontractors? Are you aware subcontractors are not automatically included on Defense Base Act (DBA) insurance policies? This expert report is designed to help you navigate DBA insurance!
A leading provider of Defense Base Act (DBA) insurance has launched a specialist report designed to help you and other contractors purchase the niche insurance quickly and efficiently. DBA Insurance prides itself on providing every customer with a tailored solution to meet their specific needs.
You can find out more at https://www.dbainsurancequote.org/dba-insurance-tips
The newly launched expert report can help you source DBA insurance advice and quotes whether you are a defense, government, or federal contractor prior to accepting a work request. As you may be aware, this niche type of insurance is essential to all types of US government contractors, whether you are with the military, nonprofits, or aid relief agencies.
DBA Insurance recommends you work with experienced insurance professionals and brokers, so you receive the best policy advice for your contract being discussed. Working with trained professionals ensures you receive the most competitive rates for your coverage.
To prevent misunderstandings, you should update your carrier about any changes to your contract including operations, deployment periods, and payrolls. The expert team argue you need to be aware of the limitations of your DBA insurance policy.
While it may cover your employees for accidents, disabilities, and illness related to a specific contract, it may not cover every injury or provide 24-hour protection. Furthermore, property damage or loss while working in a foreign country may not be included.
The team at DBA Insurance recommend you secure additional insurance such as property and worldwide medical coverage to ensure your employees are fully covered wherever they are in the world.
Another important consideration for you is subcontractor coverage. DBA Insurance says carriers must be informed of any subcontractors being employed as the policy may not automatically cover them. Prior agreements with your carrier will prevent disagreements and unplanned costs associated with contract changes.
A company representative added: “Get quotes before bidding! It is best to get the policy pricing for a contract while you are preparing a proposal and not after. Knowing the pricing before proposal submission will help you bid better and avoid contract award margin surprises.”
“With DBA Insurance it is easy to get a quick DBA quote. You just need to complete and submit an online form about your contract and employees,” they added.
You can read the full report via the website! Alternatively, you can find out more at https://www.DBAinsurancequote.org.
