Government Contractor Insurance
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Government Contractor Insurance
Insurance topics related to government contractors for the sake of increasing understanding and appreciation of risk management and/or insurance.
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Cashing In on the Decision to Keep US Troops in Afghanistan - Foreign Policy (blog)

Cashing In on the Decision to Keep US Troops in Afghanistan - Foreign Policy (blog) | Government Contractor Insurance | Scoop.it
Cashing In on the Decision to Keep U.S. Troops in Afghanistan « | Foreign Policy | the Global Magazine of News and Ideas
Brian S. Smith, CIC, ARM's insight:

Afghanistan's change is going to have a strong impact on the government contracting sector.

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Analysis: NYA International - Spotlight on Nigeria - KR Magazine - Kidnap and Ransom News

Analysis: NYA International - Spotlight on Nigeria - KR Magazine - Kidnap and Ransom News | Government Contractor Insurance | Scoop.it
Brian S. Smith, CIC, ARM's insight:

Nigeria remains the African continent’s worst affected country for kidnap and ransom. 

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Study: Home Depot Has Better Cyber Security Than Defense Contractors - Newsmax

Study: Home Depot Has Better Cyber Security Than Defense Contractors - Newsmax | Government Contractor Insurance | Scoop.it
A new study questions how strong federal government contractors' cybersecurity is, claiming Home Depot's computers are more secure.
Brian S. Smith, CIC, ARM's insight:

Commercial Cyber Security Beats Defense Contractors Hands Down.  Difficulty rests in the limited enforcement of policy mandates.

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Five Signs You Need to Rethink Your Teaming Strategy | GovBizConnect

Five Signs You Need to Rethink Your Teaming Strategy | GovBizConnect | Government Contractor Insurance | Scoop.it
Five Signs You Need to Rethink Your Teaming Strategy #GovCon #GovTech http://t.co/lipz2rvwTF http://t.co/i5xJQZiNXc
Brian S. Smith, CIC, ARM's insight:

Does your company participate in teaming agreements?  This article shows several strategies that can help thwart problems and performance concerns.

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Avoiding Employment Practices Liability Claims | Risk Management

Avoiding Employment Practices Liability Claims | Risk Management | Government Contractor Insurance | Scoop.it
New EEOC regulations have increased the legal challenges for employers at both ends of the employment process.
Brian S. Smith, CIC, ARM's insight:

Employment practices liability insurance is a great backstop for any company, but these tips can help in the prevention of a claim.

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DCAA’s 2014 Annual Report to Congress

DCAA’s 2014 Annual Report to Congress | Government Contractor Insurance | Scoop.it
In its report dated March 25, 2015, DCAA issued its fourth Annual Report to Congress including a number of self-accolades for numerous accomplishments in spite of a huge disconnect between DCAA’s audits and its statutorily required audits.  DCAA...
Brian S. Smith, CIC, ARM's insight:

DCAA annual report to congress.  Nicely assembled article.

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Hacked federal files couldn't be encrypted because government computers are ... - Los Angeles Times

Hacked federal files couldn't be encrypted because government computers are ... - Los Angeles Times | Government Contractor Insurance | Scoop.it
Millions of government employee records apparently stolen by Chinese hackers were not encrypted, and software designed to block known computer breaches has not been installed to protect most of the files, officials said Tuesday.
Brian S. Smith, CIC, ARM's insight:

With the many cited examples of Data Breach, the overall cost of cyber liability coverage for any Government Contractor should be considered.  Protect you entity, protect your data.

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Current Trends and Issues in GovCon M&A for 2015 - JD Supra (press release)

As we are rapidly reaching the middle of 2015, why not pause for a moment and identify some current trends and recurring themes and issues that are found in mergers and acquisitions...
Brian S. Smith, CIC, ARM's insight:

GovCon Mergers & Acquisition aspects with a list of 6 current and relevant issues underway.  As a small company considering selling, this short article may interest you.

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OPM hack raises questions about security of government contractors - USA TODAY

OPM hack raises questions about security of government contractors - USA TODAY | Government Contractor Insurance | Scoop.it
The massive hack of the Office of Personnel Management has raised questions about whether government contractors may have inadvertently made the agency more vulnerable to attack.
Brian S. Smith, CIC, ARM's insight:

With the vulnerability of even the most sophisticated cyber defense systems, hacking is at an all time high.  Making sure your company or entity is adequately protected, then insured, should be a top priority of any company managing or being exposed to ANY DATA.

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DCAA GovCon Labor Estimating Model by Solvability

Join Jenny W Clark of Solvability for training on DCAA Compliance, Indirect Rate Calculations, Deltek GCS Premier and other accounting tips and tricks, ...
Brian S. Smith, CIC, ARM's insight:

Watch and Listen while Jenny Clark of Solvability demonstrates Labor Estimating Model via Youtube.

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State insurance commissioner recommends 10% workers’ comp cut

State insurance commissioner recommends 10% workers’ comp cut | Government Contractor Insurance | Scoop.it
An insurance commissioner in a state with high workers’ comp rates is proposing a 10.2% drop in premium.
Brian S. Smith, CIC, ARM's insight:

California WC rates coming down?  Maybe as State insurance commissioner recommends.

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‘Midnight Rider’ Filmmakers Challenge $75,000 in Safety Violations

‘Midnight Rider’ Filmmakers Challenge $75,000 in Safety Violations | Government Contractor Insurance | Scoop.it
Attorneys for the “Midnight Rider” filmmakers appeared at a Savannah, Ga., hearing on Tuesday to challenge almost $75,000 in fines for willful safety violations cited by the Occupational Safety and…Source: variety.com Filmmaker cited for “serious...
Brian S. Smith, CIC, ARM's insight:

Loss of life during filming of feature film results in OSHA fine

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Clients with Government Contracts Could be at Risk of Severe Repercussions If ... - The National Law Review

Clients with Government Contracts Could be at Risk of Severe Repercussions If ... - The National Law Review | Government Contractor Insurance | Scoop.it
The U.S. Department of Labor (“DOL”) requires federal government contractors and subcontractors to develop formal affirmative action programs (“AAPs”) to recruit and advance qu
Brian S. Smith, CIC, ARM's insight:

Affirmative Action Programs (AAP) may jeopardize contractual compliance for contractors and subcontractors engaged in government contracts.  Is your business compliant?

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Calling All Commercial Companies: “Become a Government Contractor and be Subject to Executive Orders Dictating Your Pay and Benefits Policies”

Calling All Commercial Companies: “Become a Government Contractor and be Subject to Executive Orders Dictating Your Pay and Benefits Policies” | Government Contractor Insurance | Scoop.it
In an Executive Orders (EO) issued on Labor Day, President Obama continued to display his willingness to manage the personnel policies of government contractors.
Brian S. Smith, CIC, ARM's insight:

More and more oversight and regulations place tremendous burden on government contractors, both big and small.  

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Colombia: Israeli businessman kidnapped by security team, arrests follow - KR Magazine - Kidnap and Ransom News

Colombia: Israeli businessman kidnapped by security team, arrests follow - KR Magazine - Kidnap and Ransom News | Government Contractor Insurance | Scoop.it
An Israeli businessman was held for ransom by the security force he had hired to protect him while he was in Colombia. He managed to convince the kidnappers he needed...
Brian S. Smith, CIC, ARM's insight:

Selected security/protection team kidnaps own client in Colombia.

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AmWINS Announces Exclusive New Cyber Liability Product - Business Wire (press release)

AmWINS Announces Exclusive New Cyber Liability Product - Business Wire (press release) | Government Contractor Insurance | Scoop.it
AmWINS Group, Inc. announces the launch of a new dedicated excess facility designed to meet the rapidly growing demand for cyber liability insurance.
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CEOs tout benefits of Ace buying Chubb - Business Insurance

CEOs tout benefits of Ace buying Chubb - Business Insurance | Government Contractor Insurance | Scoop.it
Business Insurance
CEOs tout benefits of Ace buying Chubb
Business Insurance
Combining the companies' strengths will establish commercial insurance giant of the first order, according to analysts.
Brian S. Smith, CIC, ARM's insight:

Overall product portfolio enhancements seen in near term following early 2016 merger of ACE & Chubb

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Aetna to buy Humana for $37 billion in largest insurance deal – Business Insurance

Aetna to buy Humana for $37 billion in largest insurance deal – Business Insurance | Government Contractor Insurance | Scoop.it
Business Insurance
Aetna to buy Humana for $37 billion in largest insurance deal
Business Insurance
…Source: www.businessinsurance.com
First ACE buy Chubb on the Commercial Insurance Front, Now Aetna buts Humana.
Brian S. Smith, CIC, ARM's insight:

Huge deal.  Second insurance acquisition in as many days.

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Government Contracting Abroad: Beware Compliance Risks - The National Law Review

Government Contracting Abroad: Beware Compliance Risks - The National Law Review | Government Contractor Insurance | Scoop.it
On June 16, 2015, IAP Worldwide Services Inc., a private defense and government contracting company, agreed to pay $7.1 million to settle criminal charges of the U.S.
Brian S. Smith, CIC, ARM's insight:

IAP Worldwide Services, Inc. – The Department of Justice's first corporate FCPA enforcement action in 2015 to the tune of a $7.1 million fine.

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Tom Sharpe: GSA Launches Schedule Contract Pricing Mgmt Tools

Tom Sharpe: GSA Launches Schedule Contract Pricing Mgmt Tools | Government Contractor Insurance | Scoop.it
The General Services Administration has implemented a new tool for the agency to examine price variation for similar goods and service offerings in the Multiple Award Schedules program.
Brian S. Smith, CIC, ARM's insight:

GSA:  Contract Pricing Management Tools

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Webinar: At Your Service! The Service Contract Act and Employers

Webinar: At Your Service! The Service Contract Act and Employers | Government Contractor Insurance | Scoop.it
At Your Service! The Service Contract Act and Employers

The Service Contract Act outlines operational requirements for service contracts, making compliance for government contractors (both sub and prime) confusing and complex.
Brian S. Smith, CIC, ARM's insight:

If your company is involved in Government Contracting and employing with SCA workers, you may want to consider this webinar.  Even the most experienced professional may benefit from learning more about being compliant with the rules associated with any Service Contract Act awards.

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Space Available! Understanding the Davis-Bacon Act: The Expanded Version

Space Available! Understanding the Davis-Bacon Act: The Expanded Version | Government Contractor Insurance | Scoop.it
Space Available! Understanding the Davis-Bacon Act: The Expanded Version http://t.co/wAgV3TTOil
Brian S. Smith, CIC, ARM's insight:

Located in Atlanta or the Greater Atlanta area?  A session on the Davis Bacon Act for contractors and subcontractors presented in an overview format by the AGC of Georgia.  

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6 Tips for Getting Government Contracts

6 Tips for Getting Government Contracts | Government Contractor Insurance | Scoop.it
The SBA brought together government contractors and entrepreneurs for nearly four hours of instruction in how small businesses can go to work for Uncle Sam. Here's what we learned.
Brian S. Smith, CIC, ARM's insight:

Good advice and common sense when it comes to obtaining government contracts.

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DCAA Dodges a Bullet FTCA Civil Action Dismissed

DCAA Dodges a Bullet FTCA Civil Action Dismissed | Government Contractor Insurance | Scoop.it
On April 30, 2015, a US District Court Judge in Delaware granted a United States motion to dismiss an FTCA claim filed by KBRS.
Brian S. Smith, CIC, ARM's insight:

DCAA appears to be remiss in proper auditing practices without consequence by dodging through the Federal Tort Claims Act

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Iraqi Interpreters: Global Linguist Solutions Cost Us Thousands in Rebates

Iraqi Interpreters: Global Linguist Solutions Cost Us Thousands in Rebates | Government Contractor Insurance | Scoop.it
Iraqis who risked their lives working as interpreters for the U.S. military say they are owed thousands of dollars after a Pentagon contractor left the count...

Via Charles Tiayon
Brian S. Smith, CIC, ARM's insight:

Monies owed to Iraqi translators not available due to missing paperwork on behalf of the prime.

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