The Voices of Risk Management The Inner Workings of Overseas Government Contracts and Defense Insurance With Bert Iams
Bert Iams is the Senior Vice President of Government Contracting at Signal Mutual. As an underwriter, Bert is constantly fascinated by some of the contracts he’s had to assess risk and insurance coverage for. In this position, you never know what to expect and he shares insights on how he approaches his very diverse job in a systemized way. Find out how Bert insures some of the most dangerous jobs for our overseas contractors in this week’s episode.
Key Takeaways:
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What is the DBA (Defense Base Act)?
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What type of risk does Bert analyze and cover?
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Since overseas government contracting covers a wide array of different fields and niches, how does Bert systemize this process and provide fair coverage?
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A little bit about Bert and how he discovered the insurance industry.
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There are about five other companies that are writing DBA.
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Who is making the decision on what types of coverage to purchase?
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How does Bert underwrite for government contracts that have top-secret clearance?
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Bert loves this space because he gets to underwrite really interesting things and job positions every single day.
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Today’s students have a much better understanding of risk management than Bert did when he first entered the workforce.
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What does Bert like the most about his position?
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What makes a good broker in this space?
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Bert offers some advice for someone who is interested in joining the insurance field.
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What did Bert wish he’d learned sooner in his career?
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When you put effort into educating your team about the importance of safety, it really elevates the entire company experience.
Mentioned in This Episode: