Aegis Blog

Poor contractor performance costs Navy upwards of $20 million

Poor contractor performance costs Navy upwards of $20 million

Sailors aboard the USS George Washington had been at sea for a month when they finally reached Brisbane, Australia. While they were no doubt excited to enjoy themselves on dry land, they were stuck onboard for six hours while a contractor, Glenn Defense Marine Asia, hunted for a runway.  This wasn't an isolated incident for the beleaguered company. Earlier this year, it was dressed down by the Philippine Senate for dumping untreated sewage from Navy ship ...
Expected rise of cloud computing highlights need for technology insurance

Expected rise of cloud computing highlights need for technology insurance

In technology, like in business, if you don't keep up you'll get left behind. Failure to adapt to changing climates has been the death knell of a slew of companies. On the flip side, positioning your business to take advantage of innovations can be an invaluable asset to success. One such opportunity is cloud computing.  Just as with smartphones, we're quickly approaching a time where using offsite servers to store massive amounts of data is ...
Shady contractors prey on tornado-ravaged towns

Shady contractors prey on tornado-ravaged towns

When last month's tornadoes tore through the Midwest, Indiana residents were left to deal with the fallout of damaged homes. Donations poured in to help affected families, and volunteers around the state pitched in to provide assistance. One group, however, has recently arrived with intentions that are anything but charitable: unscrupulous contractors.  Signs are popping up all over the place advertising their services, and some are even directly approaching homeowners and peddling their shady services. ...
California man ordered to pay millions for contractor insurance fraud

California man ordered to pay millions for contractor insurance fraud

When it comes to getting insurance, fraud doesn't pay. Richard Lopez Escamilla Jr. found that out in a big way. The Fresno, California contractor was ordered to pay over 4 million dollars in fines, according to the State Department of Insurance, amidst allegations that that he lied to get lower rates. This gave him a financial and competitive advantage over honest companies, and allowed him to secure contracts he otherwise would not have been able to. ...
Amazon drones need high tech insurance

Amazon drones need high tech insurance

Imagine pouring yourself a hot cup of coffee and sitting down to do bit of online shopping. You pick out a small item, put it in your cart and check out. Within minutes, it's floating softly to your doorstep, processed and delivered before the steam is even off of your mug.  Until recently, this sort of scene would be impossibly futuristic. For Amazon, it's tantalizingly close to the present.  The company is close to being able to ...
How do I deal with independent contractors?

How do I deal with independent contractors?

Depending on the nature of your business, you might have to deal with independent contractors. While in some ways, they function as other employees do, there are some key nuances that you should keep in mind.  The first is how exactly the worker should be classified. There are specific guidelines for what constitutes a contractor versus an employee, and you should be aware of them as you foster business relationships. If there are strict rules ...
With corporate-owned smartphones on the rise, technology insurance remains important

With corporate-owned smartphones on the rise, technology insurance remains important

After months of the market swinging towards a bring-your-own-device model (BYOD), the corporate-owned smartphone seems to be coming back into vogue. According to Strategy Analytics, corporate smartphone purchases have experienced an uptick over the first nine months of 2013. This suggests an underlying shift in the way that companies are evaluating their mobile technology decisions. Total purchases are up 34 percent over a year ago, with 73 million businesses purchasing directly for their employees in ...
Construction back on the rise

Construction back on the rise

The recession hit a lot of industries hard, and construction was no exception. A lot of businesses didn't survive the lean times, but for those that were able to endure the rough economic climates, there is some optimism ahead. According to the 2014 Dodge Construction Outlook, total expenditures on projects are expected to increase 9 percent to $555.3 billion in 2014, on top of the 5 percent estimated jump by the end of this year. This supports ...
Text attacks could force smartphone reboot

Text attacks could force smartphone reboot

Google Nexus owners might be vulnerable to an insidious sort of SMS attack.  According to reports, attackers are able to force this particular sort of smartphone offline by sending a high number of a particular sort of message. It seemingly affects all Android 4.x firmware versions on the Google Galaxy Nexus, Nexus 4 and Nexus 5 devices. The issue arises if the perpetrator sends several dozen Flash SMS or instantly appearing messages. If they aren't dismissed, ...
Would Santa Claus be a high insurance risk?

Would Santa Claus be a high insurance risk?

He can deliver presents to all of the world's children, powered by nothing more than chocolate chip cookies and tall glasses of milk. But can Santa Claus work his special brand of magic when it comes to designing the perfect insurance policy? A recent article sought to explore the answer.  Author Matt Zollner notes the isolated nature of St. Nick's workshop. It's designated as "protection class 10", which means that should a fire break out, there isn't ...

 

Loading...