Foreign Military Contracts & DBA Coverage
The eligibility of Defense Base Act coverage for U.S. Government contracts is not always intuitive, as there are some government contracts that are procured under unique circumstances. Foreign Military Financing (FMF) or Foreign Military Sales (FMS) fall into that category. Understanding the purpose of FMF/FMS military contracts FMF/FMS programs are designed to acquire military articles, […]Continue reading
Terrorist Activity and DBA Insurance
With the surge of violence in the Ukraine by opposition leaders of the current government, a pointed question should be evoked in the minds of contractors who currently have employees working overseas in hostile regions: Are acts of war or terrorism covered by Defense Base Act Insurance? Sample Scenario An employee stationed in the Ukraine […]Continue reading
White Paper: Dude, Where’s My Competitive DBA Rate?
AS DBA Insurance now exists on the open market, claims made by defense contractors are on the rise. What’s causing this influx? And how is it affecting DBA rates? This white paper, published by LATITUDE DBA Insurance parent company, Lockton Companies, addresses how underwriters are handling the mounting claims situation, coupled with a drawback of […]Continue reading