Although the US Gov't mandates that your US based contract agency provide Defense Base Act Insurance (DBA), many in the industry feel that limits of coverage are too low based on income levels vs. the level of income and risk involved.
Established in 1941, the primary goal of the Defense Base Act was to cover workers on military bases outside the United States. The act was amended to include public works contracts with the government for the building of non-military projects such as dams, schools, harbors, and roads abroad. A further amendment added a vast array of enterprises revolving around the national security of the United States and its allies.
Under the DBA, injured workers are eligible to receive weekly benefits for time lost from work or lost pay. Further, if the injuries are to the extremities resulting in a permanent impairment, they can be entitled to receive permanent disability benefits.
DBA is essentially the equivalent of Workers Compensation and as such can be potentially limited to only covering you while on the job along with being limited in it's total scope of coverage, depending on the amount of income produced. Many feel they must supplement DBA to adequately be fully insured for any such catastrophic loss due to accidental death or dismemberment as weekly cap limits under DBA may not be sufficient.
What to do about the potential limitations of DBA coverage ?
High Limit Accidental Death & Dismemberment coverage, underwritten by Lloyds of London, provides that safety net of coverage to supplement your DBA plan through your contract work. Note that this special coverage not only covers you ON THE JOB but OFF THE JOB as well -- DBA could be potentially limited in this regard. Additionally, certain limits of coverage under DBA for Disability could be reached without coming close to providing the full amount of monthly income you may require. High Limit Accident Insurance with Accidental Permanent Total Disability as a Rider can ensure that you are fully insured for such catastrohic losses to you or your family.
Benefits are payable in addition to any other plan
Benefits are payable for loss caused by exposure to the weather or in a conveyance that results in disappearance or sinking and the body is not found within 365 days of the accident. Benefits will be paid on the presumption of death.
Benefits may be taken in a single lump sum or in equal annual installments
Covers accidental bodily injury sustained while the Certificate is in force and which results in loss within 365 days of the date of the accident
War or acts of war and / or terrorism may be covered under this plan by applying for such and paying th additional premiums
We provide US and foreign national contractors with high limit accidental death, dismemberment, accidental permanent total disability, sudden cardiac arrest, War Risk/ Terrorism and Nuclear, Chemical and Biological exposure in the following Hotspots worldwide, as deemed by Lloyds Underwriters:
(More commonly traveled hotspots in RED)
AFGHANISTAN
ALGERIA
ANGOLA
AZERBAIJAN
BURUNDI
CENTRAL AFRICAN REP.
CHAD
COLOMBIA
CONGO REPUBLIC
COTE D'IVOIRE
DEM. REPUBLIC OF CONGO
EGYPT
ERITREA
ETHIOPIA
GEORGIA (FORMER USSR)
GUATEMALA
GUINEA
HAITI
INDONESIA
IRAN
IRAQ
ISRAEL
WEST BANK (ISRAEL)
GAZA STRIP (ISRAEL)
JAMMU (INDIA)
JORDAN
KASHMIR (INDIA)
KENYA
KOSOVO
KUWAIT
KRYGISTAN
LEBANON
LIBERIA
MADAGASCAR
MALAYSIA
MOROCCO
NEPAL
NIGERIA
PAKISTAN
PHILIPPINES
QATAR
RUSSIA
RUSSIA -CHECHNYA
RWANDA
SAUDI ARABIA
SENEGAL
SIERRA LEONE
SOMALIA
SRI LANKA-NORTH & EASTERN PROVS.
SUDAN
SYRIA
TAJIKISTAN
THAILAND
TOGO
TURKEY
UGANDA
UZBEKISTAN
VENEZUELA
YEMEN
ZIMBABWE
