Example Text: Each year, the US government allocates around $700 billion to contract with federal entities. Nevertheless, these funds are accompanied by an array of legal, administrative, and regulatory requirements, presenting unique risks to government contractors. With the passing of the bipartisan Infrastructure Investment and Jobs Act, these investments are anticipated to increase, and thus, heightened enforcement and oversight of the trillions of dollars involved is expected. Enforcement activities are conducted through the False Claims Act (FCA) and Truth in Negotiation Act (TINA), as well as other instruments such as federal auditing agencies. To handle this complex landscape, contractors that obtain federal funding need a specialist who can identify their risks and provide suitable insurance and risk management solutions.
IMA’s Government Contracting Practice provides customised solutions for even the most complicated contracting risks. Our team of professionals offers a comprehensive service model, encompassing risk identification, regulatory knowledge, claims and crisis management, etc. Our risk–focused approach integrates industry–driven silos, and our services are designed to aid you in responding to government solicitations, while protecting your indemnification. With this expertise, we can secure competitive terms for coverages that address contractors’ primary risks and help you throughout the entire government contracting process.
CMMC for Department of Defense
DHS is following
The SAFETY Act’s liability protections are only triggered in cases where the DHS Secretary designates an incident as an “act of terrorism.” An “act of terrorism” is defined as an unlawful act causing harm to a person, property, or entity in the U.S., using or attempting to use instrumentalities, weapons or other methods designed or intended to cause mass destruction, injury or other loss to citizens or instrumentalities of the U.S.” The SAFETY Act can also apply to acts of terrorism outside the United States as long as the “harm” is suffered by U.S. persons, property, instrumentalities, or entities, and the suit is filed in the United States.