Zurich now offers Defense Base Act workers’ compensation for federal contractors working outside U.S.
NEW YORK, N.Y., April 18, 2008 – Zurich, one of the world’s largest property-casualty insurance companies, today announced that it now offers Defense Base Act (DBA) workers’ compensation coverage for employees of federal contractors who are working outside the country on military bases, overseas public works projects or similar contracts funded by the U.S. federal government.
“As directives from the U.S. military and other federal agencies are increasingly outsourcing support-related services such as security, linguistics, commissary services, IT and equipment maintenance, we see this market as a significant growth opportunity,” said Mario Vitale, CEO of Zurich’s Global Corporate in North America (GCiNA) business unit. “Zurich’s global reach easily enables us to deliver coverage and services on a worldwide basis.”
Originally passed by Congress in 1941, the Defense Base Act mandated workers’ compensation coverage for civilians employed at American military bases overseas. Since its inception, the scope has been broadened to protect most private-sector employees working for the U.S. government on federally funded projects overseas. The program is administered by the U.S. Department of Labor.
Vitale said Zurich’s existing experience in successfully underwriting and servicing global casualty business offers customers a full array of global casualty products. He said another advantage Zurich offers is that all DBA-related claims are handled by a dedicated team of adjusters, based in Dallas, with broad experience in DBA insurance issues.
About Zurich Financial Services
Zurich Financial Services Group (Zurich) is an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 60,000 people serving customers in more than 170 countries. In North America, Zurich (www.zurichna.com) is a leading commercial property-casualty insurance provider serving the global corporate, large corporate, middle market, small business, specialties and programs sectors.
About Zurich’s Global Corporate business division
Zurich’s Global Corporate (GC) business division offers risk management services to corporations at a national and international level, including risk transfer and risk finance solutions. With a global network of professionals in over 140 countries, GC provides companies with total risk management strategies and standards that ensure all our customers have access to the same high-quality service. GC insures many of Fortune’s Global 100 companies and is the largest corporate business insurer in Europe and the number two corporate insurer in the U.S.
Steve McKay, Zurich
Susan Levine, Zurich