FosterThomas is pleased to offer competitive insurance options and assessments for Government Contractors. We understand that government contractors face different compliance issues and risk exposures and that being in a fast paced environment, you don’t have time to wait. We are here to make sure that you have what you need in order to meet contract requirements and to protect your company and employees!
In addition to the basic domestic coverage consisting of General Liability, Property, Umbrella, Business Auto, and Workers Compensation – there are additional coverages that Government Contractors need to be aware of.
Defense Base Act (DBA) – according to the Defense Base Act, all employers providing contracted support overseas is required to have a DBA policy.
International – just as you make sure your company is protected on your standard domestic policy package, make sure that your exposure outside the US is as well. International package policies can offer you the same coverages as your domestic package.
Kidnap & Ransom – as much as we all hope for safe travels, unfortunately there are daily risks when traveling outside the country. A K&R policy will provide the company the coverage for ransom and extortion payments for their employees along with global security assistance.
Life/AD&D – companies offer great employee benefits to their employees working in the US, however many of the policies exclude acts in war risk areas. Make sure that your employees overseas have full benefit protection by offering Life/AD&D for those working in high risk areas.
Professional Liability - protects your company from lawsuits and claims arising from allegations of error, omission, misconduct or professional negligence when performing professional duties.
Cyber, Security & Privacy – protects your company from incidents involving critical information security exposures.
Employment Practices Liability – employment related suits have increased significantly over the last few years. Protect your company against allegations of wrongful termination, sexual harassment, discrimination, etc. Third Party liability is also available to extend coverage to employees working on client premises.
Directors & Officers – due to their position, they can also be held accountable for their decisions made in conjunction with their performance of duties.
Not sure if you are in compliance with your contracts? Contact us and we’ll help ensure that you have the correct coverages and limits according to your contract requirements. We will also provide you with a Risk Assessment to ensure you have the proper controls and protection in place!
Please contact us or submit a quick request for solution details.