Zurich updates Property Portfolio Protection as part of Summit Package launch
Enhanced offering to Middle Market customers drives changes to commercial property form and a new package combining PPP and General Liability coverages.
What is insurance for Federal government contractors?
Federal government contractors have their own set of unique risk exposures with their day-to-day business operations. Zurich provides a broad range of property and liability coverages that are needed by today’s Federal government contractors.
Why choose Zurich?
Zurich has experienced and dedicated underwriters that know the unique facets of how a Federal government contractor operates along with the protocols that a contractor needs to meet in order to secure an assignment. Our qualifications also include a broad appetite, global footprint and robust risk engineering capabilities.
For more information, contact:
Trey Warman, CPCU
Industry Practices Director, Federal Government Contractors
U.S. Middle Market
Phone: 443-960-5306
trey.warmaniii@zurichna.com
Erin Terpack
Head of Manufacturing and Technology
U.S. Middle Market
Phone: 412-260-4632
erin.terpack@zurichna.com
Targeted industries for Federal Government Contractors
- Medium sized businesses offering products or services to federal agencies in hundreds of NAICS, primarily in manufacturing, professional services, and technology categories
- Insureds performing prime or subcontract work for most federal agencies with a focus on the Department of Defense, NASA, the General Services Administration, and others
Medium sized
Prime or sub to the federal government
Generate revenue from federal contracts or grants
Insurance solutions for federal government contactors
Property
Zurich’s broad all-risk Property form addresses the exposures that federal government contractors.
Highlights include:
- Broad Personal Property definition includes Property of others in your care, custody, or control with no exclusions for government furnished equipment and property (GFE and GFP)
- Business Income coverage form available including:
- Research and Development Continuing Expenses, including Extra Expense
- Dependent Premises Business Income coverage with no exclusion for DOD and government or customer sites
- Real property definition does not exclude insureds’ interest in underground pipes, flues, drains and foundations of buildings, machinery or boilers, paved surfaces, fences, retaining walls, radio, or television antennas, satellite, towers, signs, debris removal.
- Better GreenTM coverage to rebuild to same or higher green standard is automatically included via sublimit after a covered loss.
General Liability
General Liability Industry specific endorsements providing 25 enhancements to coverage such as:
- Broad Form Named Insured and Newly Acquired Entities for any organizations
- Automatic Additional Insureds
- Automatic Waiver of Subrogation and Primary Non-Contributory conditions
- Bodily Injury includes mental anguish, mental injury, shock, fright or death
- Incidental medical services, Good Samaritan Acts and Co-Employee extensions
Umbrella
Additional limits protecting against catastrophic claims beyond primary coverage.
Errors and Omissions and Cyber
Errors & Omissions coverage, blended with Cyber first and third party insurance is crucial in today’s digitally focused business environment. Pro Plus® is our E&O and Cyber product offered by our Technology Industry practice when paired with other coverages including Property, General Liability, Workers' Compensation and Umbrella liability. It may also be purchased separately.
Outside the Continental US (OCONUS)
- Defense Base Act Insurance in support of domestic programs for eligible contractors.
- Envoy Foreign package policies, encompassing trip travel offering and a combined Property and Casualty package.
- Business Travel Solutions with insurance coverages available to suit your other business travel needs.
Risk Engineering
Stability and consistency begin with Risk Engineering to understand a federal government contractor’s operations and then providing appropriate risk services and support.
Risk control: Property and Liability lines
- Zurich Risk Engineers have experience working with and for federal government contractors, including veterans
- Corporate-level risk control oversight supplementing contract-specific safety
- Benchmarking from administrative headquarters to place of performance on bases, research facilities and other field locations
Risk control: Cyber
- In support of Zurich Cyber Insurance Policies – Pro Plus® and the Concierge Suite provides a holistic approach, combining insurance, with a suite of complementary services including:
- Customer onboarding session with a Cyber risk engineer
- 30-day free trial for ShadowSpear to detect, eliminate and isolate threats backed by our 24/7 Security Operations Center(SOC)
- Zurich Resilience Solutions for discounted fees for risk engineering solutions such as:
- Readiness Assessment for the Cybersecurity Maturity Model Certification (CMMC)
- Rapid Incident Response Capabilities - Our SOC is staffed 24/7 working in a continuous investigative cycle.
Claims Services
Zurich Claims specialists are strategically deployed across the U.S. and around the globe to help customers respond to and mitigate loss events, and to gain insights into ways to become more resilient against future losses, with:
- 24/7 Award-winning, Zurich-owned Customer Care Center1
- Single point of contact for all claims and related inquires
- Access to digital programs that provide a transparent claim process
- Knowledgeable and reliable claims staff with industry-specific expertise
- When utilized, integrated Medical Management program yields a 65% reduction in medical bill costs, on average2
1. Top Mid-size Contact Center as recognized by Contact Center World in 2021
2. Zurich North America Claims Finance 2022
News and Insights
Zurich Holding Company of America acquires cyber counterintelligence firm SpearTip
Acquisition expands the capabilities and risk mitigation services of Zurich Resilience Solutions’ Cyber Team.
