Zurich Now Offers Defense Base Act Workers' Compensation for Federal Contractors Working Outside U.S.
NEW YORK--(Business Wire)--
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.
Zurich
Steve McKay
847-706-2265
steven.mckay@zurichna.com
or
Zurich
Susan Levine
847-762-7386
susan.levine@zurichna.com
Copyright Business Wire 2008
