DBA Insurance and Government Business Contracts

DBA Insurance and Government Business Contracts

If you own and operate a business that has open contracts with the United States government or affiliated organizations, then you definitely need to take extra time when determining which insurance policy is appropriate for your needs. Government contracts can often come with very strict regulations and guidelines, meaning your insurance needs to go above and beyond to protect you and your contractors from an array of potential on-the-job incidents.

Ins and Outs of DBA Coverage

One option to consider according to experts is DBA insurance. Known as the Defense Base Act, this is a type of insurance that helps to provide additional protection for companies with government contracts, as well as the contractors and employees who work for your organization. Initially developed as a way of providing comprehensive insurance to non-military workers who were stationed at foreign bases while conducting various jobs, DBA is now overage that aims at protecting all public work contracts. Benefits of this insurance include:

  • Workers’ compensation coverage
  • Extension of the Longshore and Harbor Workers Compensation Act
  • Coverage for employee’s spouse or fiancee 

Unique Risks of the Job

Every job brings about unique risks and considerations. To keep your business and your workers protected when taking on a government contract, be sure to do your research and make sure that your insurance plan is broad enough to keep you safe no matter where your work takes you.

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