Federal Government Contractors
Federal Government Contractors (FGCs) present a unique set of exposures that require an experienced eye to analyze. Cookie cutter policies usually fail to cover the most basic FGC perils or exclude them outright. The correct insurance is imperative to keeping an FGC protected if something goes wrong. Are you sure you are covered? With over 50 years of insurance experience, Palumbo Insurance Associates has the knowledge to keep you out of harms way. Do not leave yourself uncovered. Let Palumbo Insurance Associates do a full coverage, exclusion, and exposure review to research whether or not you have coverage for exposures such as Repatriation, Endemic Disease, and War or Terrorism. Do not leave anything to chance. Consult a Palumbo Insurance Associate agent today.
Defense Base Act
By law, as a government contractor with overseas contracts, you are required to have Defense Base Act insurance coverage. Not having this coverage will result in fines, reduced legal defenses, and incarceration.Foreign Voluntary Workers Compensation
Foreign Voluntary Workers Compensation is the overseas equivalent of worker's compensation. This covers a broad range of risks including accidents that occur and endemic disease contracted outside of work hours.Errors & Omissions (E&O)
Errors and Omissions coverage takes care of providing advice, intellectual property and/or performing information technology services. These areas are left exposed under typical property damage, bodily injury or advertising/personal injury insurance policies. Over the past few years, poor advice and security breaches have been the cause of most legal actions taken.Government Furnished Equipment (GFE)
Government Furnished Equipment is required by a government contract to be insured and typical insurance will not cover said property. Being without coverage can cost a government contractor millions of dollars. Are you sure you are covered?Travel Accident Insurance
You cannot assume that the health insurance of staff traveling overseas is portable. There are significant exclusions for the risks presented by overseas travel by most health insurers and compensation carriers. Will your staff be covered if they get sick and need to be evacuated or are hospitalized and family need to fly over?Government Contractor Defense
For years, most FGC’s have relied on government immunity to cover their main exposures. Most of the time, government immunity works for the FGC. But not always. Litigation is expensive. Does your current insurance have you covered?
Information
Click here to download the PIA/FGC Insurance Bulletin.
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Testimonial
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Mark Nolletti
President, CEO
Manufacturers Services Associates, Inc.
