Global Underwriters international resources and expertise are designed to help government contractors understand how to mitigate the complexities of certain global travel risks, while also educating them on international insurance, security matters, and navigation of both U.S. federal law and any compulsory requirements where you are conducting operations. We offer an innovative portfolio of multinational insurance products that respond to these and many other international risks.
Most Government contractors understand the legal exposures they face here at home, but when they venture to other country’s they will come across many laws, languages and customs that are unfamiliar to them. Domestic insurance does not adequately respond to certain risks contractors may encounter while traveling or operating outside the country. Failure to fully evaluate and understand international insurance needs could result in unexpected financial losses, costly gaps in insurance coverages, and legal issues.
Global Underwriters takes great pride in serving those that serve us so well. Our number one priority is making sure that your small, large, or multinational contracting business understands the complexities of certain international insurance exposures while simultaneously providing valuable resources and education to help facilitate optimal mission and operational effectiveness for your company.
Global Underwriters, Looking after you:
The first line of defense for any U.S. Government contractor performing work Outside the Continental United Sates (OCONUS) is the Defense Base Act (DBA). This federally mandated insurance requirement is known as the “sole remedy” because it protects the employer from certain liability claims while also protecting the employee from work-related injuries, disabilities, and accidental death. U.S. Government-funded contract(s) that require work Outside the Continental U.S. (OCONUS) mandate that employers purchase Defense Base Act insurance for all U.S. civilian contractors, third-country nationals, and local nationals, whether they are considered primary contractors or subcontractors for the U.S. Government.
Failing to secure Defense Base Act insurance from an authorized insurance carrier or not receiving proper authorization from the United States Department of Labor to be self-insured could result in serious legal problems for that organization or company. Any employer who chooses to not purchase this federally mandated insurance coverage may be subject to criminal prosecution, imprisonment, and/or hefty legal fines and restitution, and loss of contract. Talk with one of our product experts right now to make sure your company is compliant.
Mitigating risk is essential to the vitality of any contractor, but it is particularly important when contractors have sales, operations, property, and personnel working outside the continental United States. Global Underwriters’ Foreign General Liability (FGL) package includes foreign general liability with optional foreign workers compensation, foreign auto, travel accident, and even kidnap & ransom insurance. We can also include foreign property coverage for contractors renting or purchasing building space abroad.
Here are two extremely important things to know about Foreign General Liability Packages:
Global Underwriters’ International Group Travel Medical policies are customized to meet the challenging needs of today’s Government contractors. Unfortunately, most domestic group and individual health/medical policies do not provide adequate insurance coverage for work performed outside of the United States. Our International Group Medical plans are carefully designed to mitigate gaps in coverage and eliminate any duplication of benefits.
Global Underwriters offers tailored plans with multiple medical benefits, deductibles and co-insurance options to meet the immediate insurance needs of your business. We also carefully consider the type of work being performed, location of contract and any geopolitical issues that may affect operations. The health, well-being and safety of employees is critical to any business, but we also consider mitigating the financial liabilities for your company by educating you about current travel risk management strategies, “duty of care” obligations and implementing “best practice” procedures for the entire operation.
Group Policy Highlights
Other Optional Enhancements
Kidnap, ransom and extortion are very real and continue to present threats to U.S. Government contractors working abroad. As government contracted work outside the U.S. continues to grow, companies are potentially exposed to wrongful detention, hijacking, kidnapping and political unrest even in countries considered relatively safe. In many countries, Kidnap & Ransom situations are opportunistic and commoditized, but things can turn violent quickly if you do not have the right crisis management protocols and response team on your side.
Global Underwriters Kidnap, Ransom and Extortion Insurance not only protects against financial loss and liquidation, but also provides worldwide resources and immediate access to services of leading crisis management and security consultants to manage incidents and threats to the policyholder. Our enhanced coverage further extends a number of benefits/services that are unique to the KRE insurance market:
We Also Cover
Contact one of our international experts for a confidential call about the different types of plans and services available. We look forward to working with you and we appreciate your business!
Global Underwriters offers an impressive portfolio of comprehensive Global Benefits that meet the changing needs of today’s multinational government contractors with globally mobile populations. Multinational government contractors are faced with unique challenges and unforeseeable risks for employees traveling or on assignment abroad. Global Underwriters’ International Expat benefits deliver both Global Health Care insurance solutions and Travel Risk Management strategies for any U.S. based multinational company with employees or group members assigned abroad.
Seamless plan designs are available worldwide and allow the client to pick and choose from several different pre-designed plans which offer a low, medium and high benefit option, or we can customize a plan to meet the specific needs of the client. Global Benefits include, but are not limited to – Medical, Life, Long Term Disability, Dental (LTD), Vision, Portability, Business Travel, Medevac/Repatriation, Travel Assistance, Crisis Management and a variety of other Travel Risk Management strategies and services.
Attracting and retaining productive employees is essential for any contractor with a globally mobile population. The complexities of navigating and managing certain geopolitical issues, language barriers, cultural differences and compliance requirements in different countries can be a daunting task for any multinational company. Global Underwriters’ International Expat Benefit solutions are designed to make the process easy, efficient and seamless. We know your employees are your most important asset, so all of our Global Benefits and ancillary products and services carefully consider current “duty of care obligations” and “best practice” procedures for your company.
“Global Underwriters really helped us understand some of the gaps in coverage and they quickly pointed out areas where we were either uninsured or underinsured for international risks, we really appreciated all their help. Thank you!"
- Wesley (Florida, USA)