Berkshire Hathaway Specialty Insurance Co. on Thursday announced it is providing Defense Base Act insurance on a global basis through its DBA-dedicated underwriting and claims team in Dubai.
DBA insurance provides disability, medical and death benefits to covered employees, whether the injury or death occurs on or off the job in the course of employment, the statement said.
In addition, Berkshire Hathaway Specialty can provide additional coverage in other key areas, such as emergency medical evacuation and supplementary repatriation expenses, the statement said.
Limits available on additional coverages offered are emergency medical evacuation, up to $1 million; employer’s liability, up to $1 million; and supplementary repatriation, up to $1 million; according to an email from an underwriter in the Dubai office.
He noted that “Just like any workmen’s compensation cover, compensation paid to injured employee under DBA vary depending on the individual employee’s earnings and remunerations and type of injury.”
U.S. federal law mandates DBA insurance for U.S.-government contractors, private employers and contractors working outside the U.S. on American military bases or under a contract with the U.S. government for public works or for national defense, the statement said.
These works include providing defense equipment, life support, materials or services to U.S. allies; or providing welfare services to benefit U.S. Armed Services.
U.S.-based Berkshire Hathaway Specialty Insurance Co. has opened an office in Madrid, Stock Shares reported citing Yahoo Finance. The insurer has named Ignacio Almazan as country manager, and will underwrite property/casualty, financial, construction and engineering insurance initially in Spain.