Thirteen months ago, the Department of State changed the way businesses working under government contract outside the U.S. obtain Defense Base Act (DBA) Insurance when their program with insurer CNA disbanded, leaving contractors on the search for DBA Insurance in the open market. Luckily for them, there are more DBA Insurance carriers offering coverage and rates have become more competitive for those contractors with acceptable claims history.
In a WorkCompCentral article dated 4/29/13, Lockton Affinity Sr. Vice President, Sara Payne, explains the change from the Department of State’s program to the open market structure and what it means for individual contractors, including how risk affects the rates a business incurs and the future of DBA. Click here to read the full article.