As a result of globalization, many companies now have considerably easier access to foreign markets. However, knowing how to safeguard personnel is essential when collaborating with the government. Insurance under the Defense Base Act is one way to meet the requirements of the 1941 law. At the outset of World War II, the United States Congress established a law guaranteeing workers’ access to health care and financial security while they performed government-sponsored humanitarian or wartime labor. It’s protection against financial loss for workers on federal contracts who are based outside the 48 contiguous states. Those unfamiliar with the federal contracting process may miss the importance of DBA insurance. The insurance coverage may seem overwhelming if you aren’t familiar with its location because it is mandatory solely for personnel involved with working overseas. When looking for coverage for the first time or when it comes time to renew, there are a number of factors to consider.
Here are some responses to frequently asked questions about this special insurance from the United States Department of Labor.