Government Contracting Center of Excellence
INSURANCE FOR FEDERAL CONTRACTORS
Win more contracts and stay competitive
Winning more contracts is the foundation of your success and the right approach to risk management and insurance can help you stay ahead in a highly regulated, competitive environment. With the increasing cost of healthcare and business insurance negatively impacting your fringe rate, you need solutions that give you an edge to win business, be compliant, and stay protected.
SPECIALIZED EXPERTISE
Edge out the competition
We understand that as a federal contractor, next to payroll, employee benefits and business insurance are two of your largest expenses. Keeping your fringe rate under control and your wrap rate low is mission critical to winning new business and maintaining profitability on existing contracts. Our team of GovCon-centric insurance experts will help you put the right employee benefits and risk mitigation strategy in place with the goal of keeping costs under control, so you can continue to grow and prosper in the GovCon ecosystem.
INSURANCE & COMPLIANCE SOLUTIONS
Rules, regulations, and results
As a federal contractor, you’re required to remain compliant and up to date with changing rules and regulations within all aspects of your business – your contracts depend on it. That’s where we come in. Our in-house compliance team works to stay on top of the current regulatory landscape and keep clients notified of changes that may affect them, their employees, and the business. Together, we’ll create customized, forward-looking solutions designed to meet your business needs and goals, while helping you stay compliant.
Solutions include these and more:
- Employee benefits
- Commercial insurance
- Retirement planning
- HR technology
- Executive compensation
- Defense Base Act compliance
- Davis Bacon Act compliance and accounting
- Service Contract Act compliance and accounting
- Federal Acquisition Regulation compliance
- Defense Federal Acquisition Regulation Supplement compliance
EMPLOYEE BENEFITS
Manage your largest expenses with GovConHealth
Whether you are SDVOSB, 8(a) or a federal contractor competing in the full and open arena, everyone has the same question – how do you offer employee benefits that meet the diverse needs of your employees while keeping your fringe costs under control? After an in-depth analysis of your business, employees, and current programs, we’ll guide you through the options that best meet your needs, so you can make informed, confident decisions, including an exploration of options available under our GovConHealth platform.
GovConHealth enables high performing federal contractors the option to pool together for the purchase of healthcare to reduce risk, have full financial and claims transparency and renewal predictability.
- Fully insured
- Level funded
- Referenced based pricing
- Partially self-funded plans
- Carve out RX
Our work doesn’t end with helping you design and implement your employee benefits strategy. Throughout our partnership, we’ll help keep your employees informed and educated to drive engagement and fortify your culture. And we’ll maintain consistent, open communication with you to provide data-backed guidance that can help you manage costs, as well as timely updates to help keep you compliant.
BUSINESS INSURANCE
Customized solutions, effective risk mitigation
From aviation to education, technology to construction, and everything in between, we’ll put our decades of specialized expertise in the GovCon industry to work – helping your business stay compliant, competitive, and agile to adapt to its evolving needs. Beyond solely meeting insurance requirements for government contracts, having the right liability coverage that protects you and your company from additional risks is also critical to your long-term success. Through a collaboration with GovTechTM, we also offer a wide portfolio of tailored liability insurance coverage for technology companies that primarily focus on federal and state government contracts.
Coverage considerations
Together, we’ll review all the coverages you should consider and help you make informed decisions about how to best protect your business and its people, including:
- Defense Base Act
- Directors and officer’s liability
- Professional liability
- Commercial auto
- Commercial crime
- Cyber and data breach
- Commercial general liability
- Employment practices liability
- Property
- International exposure
- Workers’ compensation
- And more
Risk mitigation services
Your dedicated GovCon team will provide you with risk mitigation expertise and services you can count on to help best meet your business needs and goals, such as:
- Defining your narrative to help underwriters understand your business so they have a complete and accurate picture of your risk landscape.
- Reviewing contracts and scope of work statements to identify areas of risk
- Training your staff to negotiate contracts and anticipate and develop costs for various areas of risk to properly account for “cost of risk.”
- Customizing loss control programs to work within your “real world” constraints, which is especially important for contracts that involve more hazardous exposures.
- Serving the needs of government contractors in every U.S. jurisdiction and around the globe – licensed so we can work where you work.
- Staying up to date about new policy, rules, and regulations in today’s rapidly changing world so you can be as protected as possible.
Decades of expertise in action
In collaboration with a major U.S. insurance company and Washington, D.C. area law firm, our GovCon experts authored a book about insuring Government Contractor’s that summarized all legal cases and insurance FAR rulings since the inception of the government contracting defense.
THE BALDWIN GROUP INSIGHTS
Stay in the know
Our experts monitor your industry and global events to provide meaningful insights and help break down what you need to know, potential impacts, and how you should respond.
Open the door to the possibilities ahead
When you decide to partner with us, you choose to protect your business and open the door to new ventures and opportunities.