Gold Dolphin Insurance Services, Inc.

California Disabled Veteran Business Enterprise (DVBE) Goals

DVBE Certification #1392240
Phone: 619-237-8025 or 949-279-9937

Caltrans has advised that the full premium costs per contract for the following lines are credited/counted towards DVBE goals so long as coverage is placed and premiums paid through Gold Dolphin Insurance Services, Inc.:

• General Liability Insurance
• Professional Liability Insurance
• Workers Compensation Insurance
• Builders Risk Insurance
• Performance Bonds
• Pollution Liability Insurance

If the prime contractor lists the DVBE on the DVBE submittal form, Caltrans counts every dollar that goes to the listed DVBE regardless of their tier on the contract. The key is that Caltrans first contact and verify the participation of the listed DVBE on the form before any credit is given.

Bob Mahan, former submarine officer and President/Owner of Gold Dolphin Insurance Services Inc. is a registered engineer and lawyer. He is active on both the AGCC and AGCSD Legislative Committee, AGCC Legal Advisory Committee and National AGC Risk Management Committee. He is a recognized expert in construction insurance issues. Our markets for construction insurance are most competitive.

Direct Project Insurance Costs – CALTRANS Authorized*

• Liability Premiums Billed As % of Payroll or Costs
• Worker’s Compensation Premiums per Project
• Performance Bond Premiums
• Builder’s Risk Premiums

Commercially Useful Function - Insurance Services

1. Place and underwrite insurance policies
   • Prepare insurance specifications – all policies are different
   • Market, evaluate and place coverage
   • Counsel insurance clients on policy coverages
   • Process billings and adjustments
   • Issue certificates and additional insured endorsements
   • Answer questions and advise re sufficient insurance coverage
   • Verify policy accuracy – carriers always make mistakes – sometimes critical
   • Conduct mid policy term changes and endorsements to cover
2. Surety tasks
   • Conduct financial analysis and counseling
   • Place performance bonds with sureties
   • Ensure surety and client relationship maintained
   • Establish surety limits
   • Arrange JV relationships as required
   • Issue bid and performance bonds as agent in fact for surety
   • 3rd party involvement?
3. Claims adjusting – ensure carriers act in good faith
4. Contract analysis – ensure policies meet contract requirements
5. Review of wrap-up policies to avoid uncovered claims

*Project billing required