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OVERVIEW

AssuredPartners is focused on client growth and success in the federal contracting sector. Our Government Contractor Insurance Solutions team is a unit of experts providing business and insurance  solutions to contractors working Professional Services, Service Contract Act (SCA), Davis-Bacon Act, and International Defense Base Act contracts. We develop single-source, custom, solutions including total compensation, fringe management, including qualified retirement plans beyond just a 401k plan and qualified health Insurance plans. AssuredPartners can also manage the workers compensation, and insurance management for government contractors.

Driving client growth and profitability is our objective, and we achieve that by providing competitive, and profitable solutions for our clients. Our custom total compensation solutions help drive business development for customers by lowering wrap rates and providing price predictability. We also provide fringe dollar management options, compliance solutions, and extend these approaches to workers’ compensation, general liability, and surety bonding.

Our team of specialists working in the sector include insurance advisors with specialized training, subject matter experts including former contracting experience bidding, winning, and growing organizations, and two wholesale companies providing services, expert advice, and insurance products.

We’ll design, implement, and manage your Prevailing Wage Fringe Benefit Plans to:

• Reduce payroll taxes, increase profits
• Save money while providing fringe benefits
• Ensure compliance with regulations
• Reduce administrative burden
• Bid more competitively

Click here to be contacted by a Government Contractor Insurance Solutions Specialist 

Davis Bacon Act Fringe Benefits Dollar Management

The Davis-Bacon Act (DBA) requires minimum prevailing wages and benefits paid to all hourly employees charging time directly to a federal construction contract. These amounts are subject to certified payroll and audit by the Department of Labor, Defense Contract Audit Agency, and other agency audit procedures. Failure to prove compliance may subject the contractor to fines or even debarment from all future government contracts for up to three years.

The Davis-Bacon Act requires annualization of benefits to fully capture cost against the fringe. This complicates the Davis Bacon fringe benefits dollar management, administration, and accounting for most contractors and therefore many contractors look for an easier and less cost effective route for compliance. By using the AssuredPartners Government Contractor Solutions team as your company’s employee benefits advisor, you will gain access to full-service benefits administrators that provides your employees with the most cost effective and comprehensive employee benefits package available in the industry.

AssuredPartners Government Contractor Solutions provides total compensation management, planning, integration, and oversight as your expert independent representative. Our decades of experience in the multifaceted world of government contracting offer invaluable guidance as your business partner protecting your interests. Whether you work under Service Contract Act or Davis-Bacon Act Regulations, or are even looking at your first contract, it pays to be compliant with your fringe benefit obligations.

AssuredPartners offers two wholesale partners within our Government Contractor Solutions unit, both of which are government contracting industry leaders in fringe dollar management, accounting, and administration. We chose to work with these partners due to the strong industry experience and flexibility desired for each unique situation our clients may need. Our partners are not restricted to marketing a single product or only offering one service, but rather allow the client’s situation to dictate what methods and options are best for their needs.

Service Contract Act and Davis-Bacon Act contracts require “fringe dollars” to provide employee benefits. These fringe dollars are defined by prevailing wage determinations and the benefits costsGovernment Contractor Solutions are charged directly to the contract. By using the AssuredPartners Government Contractor Solutions partnership network as your company’s employee benefits administrator, you will gain access to a full-service benefits administrator that provides your employees with the most cost effective and comprehensive employee benefits package available in the industry. Our team provides a single-source solution for all of your government contract fringe benefits product administration, we will provide fringe dollar compliance using extensive services and comprehensive employee benefits packages while providing your company and its employees with fringe accounting reports defining how the fringe dollars were allocated and spent.

  1. All costs associated with the program charge directly back to the contract fringe dollars.
  2. Our philosophy is to provide maximum flexibility desired for each unique situation.
  3. Our clients are not restricted to a single product or only offering one service, but rather allow the client’s situation dictate what methods and options are best for their opportunity.
  4. Our partners’ insurance products custom designs comprehensive benefits package when you choose to implement new employee benefit plans.
  5. Our partners’ administrative solutions may segregate service-contract employees to meet compliance standards by using existing corporate employee benefits plans, policies, and procedures as much as possible to minimize disruption of current practices.

Click here to be contacted by a Government Contractor Solutions Specialist 

GOVERMENT CONTRACT INSURANCE & RISK MANAGEMENT PROGRAMS

AssuredPartners is focused on client growth and success in the federal contracting sector. The Government Contractor Solutions team provides business and insurance solutions to contractors working Professional Services, Service Contract Act (SCA), Davis-Bacon Act, and International Defense Base Act contracts.  We develop single-source, custom solutions including total compensation, fringe management, workers compensation, and insurance management for government contractors.

Driving client growth and profitability is our objective, and we achieve that by providing competitive, and profitable solutions for our clients. Our custom total compensation solutions help drive business development for customers by lowering wrap rates and providing price predictability. We also provide solutions for:

  • Fringe Benefit Dollar Management in compliance with the Davis-Bacon Act and Service Contract Act
  • Benefits Administration
  • Prevailing Wage Compliance
  • Workers Compensation
  • International Benefits
  • Surety Bonding Solutions

Our team of specialists working in the sector include insurance advisors with specialized training, subject matter experts including former contracting experience bidding, winning, and growing organizations, and two wholesale companies providing services, expert advice, and insurance products.  We have experience in multiple industries that support all federal agencies including:

  • Aviation
  • Construction
  • Transportation
  • Cyber Security
  • Facility Support and Maintenance
  • Base Operations Support
  • Technology
  • Staffing
  • Logistics
  • Security

Click here to be contacted by a Government Contractor Insurance Solutions Specialist 

GOVERNMENT CONTRACTOR SOLUTIONS – SURETY BONDING

We understand that bonding is the life blood of any growing construction company. Without bonding you may not be able to get or even pursue all the work that is available. Our years of experience, focus on bonding, industry relationships and our consultative approach are all geared toward maximizing your bonding program and taking your company to the next level.
Helping our clients become competitive, compliant, and profitable is our goal. Together we find the best comprehensive solutions to meet the unique needs of government contractors. It’s what we call power through partnership. Surety1 is a service of AssuredPartners has been helping contractors obtain the bonding they need since 2003.

WHY ASSUREDPARTNERS GOVERNMENT CONTRACTOR INSURANCE SOLUTIONS?

We understand these resources are not normally associated with an insurance broker. In many cases federal contractors work with brokers that have no knowledge of the principles unique to working federal contracts. Best practice answers, however, in the commercial world don’t always translate effectively to government contracting. Our solutions are built with your specific needs and challenges in mind, and are applicable for primes, subcontractors, joint ventures, and subsidiaries.

Services Offered by AP:

  • Total Compensation Solutions
  • Benefit Design Solutions
  • Fringe Benefit Dollar Management
  • Benefits Administration Solutions
  • Prevailing Wage Compliance Solutions
  • Workers Compensation Solutions
  • Surety Bonding Solution

Click here to be contacted by a Government Contractor Insurance Solutions Specialist 

Government Contractor Insurance Solutions

Government Contractor Solutions