Berkshire's BHSI launches Defense Base Act insurance
Berkshire Hathaway Specialty Insurance (BHSI), a wholly owned subsidiary of Warren Buffett's Berkshire Hathaway, is providing Defense Base Act (DBA) 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.
Further to its standard offering, BHSI will provide additional coverage in other key areas, such as Emergency Medical Evacuation and Supplementary Repatriation Expenses.
“We are pleased to bring this mandatory coverage to contractors and companies operating throughout the Middle East and around the globe,” said Neeraj Yadvendu, head of third-party lines, BHSI Middle East. “Our coverage is supported by BHSI’s experienced Dubai-based DBA specialists who have well-established relationships with key vendors in volatile regions, ensuring exceptional services to customers when and where coverage is most needed.”
US federal law mandates DBA insurance for US-government contractors, private employers and contractors working outside the US on American military bases or under a contract with the U.S. government for public works or for national defense. These works include providing defense equipment, life support, materials or services to US allies; or providing welfare services to benefit US Armed Services.
