(Newswire.net — July 22, 2020) — A specialist provider of Defense Base Act (DBA) insurance has launched a new expert report designed to help contractors and subcontractors secure the best coverage policy quickly and efficiently.
A leading provider of Defense Base Act (DBA) insurance has launched a specialist report designed to help 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.
Find out more at https://www.dbainsurancequote.org/dba-insurance-tips
The newly launched expert report helps defense, government, and federal contractors to efficiently source insurance prior to accepting a work request. This niche type of insurance is essential to all types of US government contractors, whether they are with the military, nonprofits, or aid relief agencies.
DBA Insurance recommends contractors work with experienced insurance professionals and brokers, so they receive the best policy advice for the contract being discussed. Working with trained professionals ensures contractors receive the most competitive rates for the coverage.
To prevent misunderstandings, contractors should update their carrier about any changes to their contract including operations, deployment periods, and payrolls. The expert team argue contractors need to be aware of the limitations of their DBA insurance policy.
While it may cover 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 contractors secure additional insurance such as property and worldwide medical coverage to ensure employees are fully covered wherever they are in the world.
Another important consideration 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 the 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.
To read the report in full, interested parties are invited to visit the link provided. Alternatively, find out more at https://www.DBAinsurancequote.org.