Bonding / Insurance

This course will cover insurance and bonding requirements necessary for M/WBEs to grow from Subcontractor to Prime Contractor in the construction industry.

ACCESS

Access to This Course and Many More by Applying to the BGA Program. Learn More About the BGA Program Here.

Course Content

Gain an in depth understanding of insurance industry best practices

Understand your single project bonding limit versus aggregate limit

Set a benchmark to evaluate your broker

Learn about types of Payment bond, bid and bonding vs insurance

The role of a surety bond producer and how to prepare your bond application

Strategies to increase bond capacity

Evaluate your commercial, and general liability insurance policies to make sure you can compete to get the best rates

Contact Hours:

3 Hours

Real Life Application:

The practical application of methodologies

The skills to negotiate with confidence

Ideal for:

Professionals in every field

ACCESS

Mwbe form

Application Deadline: January 6h, 2023.

A. APPLICANT BUSINESS

LEGAL NAME:

D/B/A

STREET (NOT P.O. BOX)

CITY:

ZIP:

COUNTY:

PHONE

EXT.

FAX:

CONTACT NAME AND TITLE:

TOTAL NUMBER OF EMPLOYEES (EXCLUDING OWNER):

B. FORM OF BUSINESS:

1. FORM OF BUSINESS:

SOLE PROPRIETORSHIP

LIMITED LIABILITY COMPANY

SUBCHAPTER S CORPORATION

BUSINESS CORPORATION

PARTNERSHIP

2. IS THE COMPANY NYS MWBE:

MINORITY-OWNED?

Yes

WOMAN-OWNED?

Yes

MINORITY-WOMAN OWNED?

Yes

C. BUSINESS INDUSTRY:

Advertising

Architecture, Engineering, Environmental

Communications

Consulting

Dental

Financial Services

Food & Beverages

Laboratory

Legal Services

Maintenance & Support

Medical

Office Equipment

Other

IS YOUR COMPANY CURRENTLY CERTIFIED WITH NEW YORK STATE?

Yes

Certification Date:

(This program is only available to currently certified NYS MWBE businesses. IF YOU ANSWERED “NO” TO B2, PLEASE DO NOT COMPLETE THE REST OF THIS APPLICATION.)

What codes are you certified under?

NAICS Code (Find 6-digit NAICS Code):

NIPG Code:

SIC Code:

SECTION 2: ADDITIONAL INFORMATION

Please provide specific examples of where you believe the program could be helpful to you and in which specific areas are you looking to expand.

SECTION 3:

Please let us know why you believe you should be selected to participate in this program and how this program will help your business expand its opportunity base in NYS contracting opportunities.

SECTION 4:

To help us to perform a gap analysis for your firm, please provide specific examples on how you believe the training and support in the checked areas will help you accelerate your growth. (Attach additional sheets if necessary)

SECTION 5:

Please check the areas where you believe additional training would help you to accelerate your business growth. You may choose more than one area, please align these responses with the answers provided in Section 2 and 3:

Check:

Accounting (cost accounting, management accounting, tracking and optimizing profit margin)

Bonding Financing (construction bonding, lines of credit, etc.)

Contracting (learning how to submit a bid, prospecting primes for subcontract work, insurance, etc.)

Credit Repair (personal and business credit restoration)

Employment/Labor Law (unemployment insurance, employee/employer rights and responsibilities)

Global Markets (developing international markets)

Finance (operational financing, project financing, etc.)

Financial Statement Analysis (reading and producing financial statements for margin and growth)

Legal Assistance (contract law, insurance law, unemployment law, immigration law)

Loan Assistance (loan packaging, identifying appropriate credit facilities for business growth)

Market Research (market analysis, customer research and analytics)

Marketing (promoting and branding of your firm)

Managerial/Business Operations (optimization of staff, capital and resources, market development)

Project Management (project management strategies, tools and models)

Sales (sales management, targets, tools and strategies to grow business)

Selling Techniques (sales development strategies, creating sales platform, e-commerce, e-catalog)

Target Market (market identification, delineation and selection)

Other

SECTION 6: AFFIRMATION OF APPLICANT:

By signing below the applicant, if selected, agrees to attend all classes, one-on-one sessions and any additional program requirements. In addition, the applicant agrees to respond to any reporting requests over the course of two (2) years from the start of the program.

Bonding / Insurance

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Bonding / Insurance

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