Here Is Why DSRC Technology Can Be the Future for Safe Driving

Dedicated Short Range Communications or DSRC is a short-o-medium-range and dual-way wireless communications technology, which allows high-speed data transmission important for active communications-based safety applications.

If you are looking for a DSRC Technology provider in Singapore, you should consider ATT Systems DSRC.

Developers of DSRC technology

Application developers, device manufacturers, people from consumer electronics, telecommunications, automotive industry and any other sector whose products are capable of sending alerts to personal communication devices of travelers, infrastructure or vehicles can develop the DSRC technology`.

Ways in which DSRC technology is being utilized

V2I and V2V applications using DSRC technology can have the ability to drastically bring down deadly incidents of crashes and collisions through real-time alerts being sent to drivers to warn them against imminent safety hazards like getting too close to a road�s side, collision paths while merging, slippery patches or steep curves on the road ahead, cars in the front sopping all of a sudden, presence of vehicles and communications devices nearby.

User-friendly V2I benefits such as toll payment and e-parking can also use the DSRC technology to communicate. Electronic sensors in devices and vehicles and pass on anonymous information over DSRC so that better information related to travel and traffic condition can be provided to transportation managers and travelers.

Reasons for developing DSRC and its merits

The primary goal of developing DSRC was to enable technologies, which can support communication between V2V infrastructure and devices and help safety applications so that collisions can be reduced. It is the sole short-range and wireless option today, which offers:

Quick network acquisition

It is a requirement for active safety systems for establishing communication immediately and for frequent updates

Fixed licensed bandwidth

It is required for the occurrence of reliable and secure communications. The designated bandwidth is mainly reserved for vehicle-based safety applications.

Preference for safety applications

DSRC based safety applications are given a preference over non-safety based applications.

Privacy and security

DSRC technology offers privacy and message authentication for complete safety.

Interoperability

The technology enables interoperability. In fact, it is the key to successful implementation of safety applications that use widely accepted standards. The technology supports V2I as well as V2V communications.

High level of reliability as and when necessary

Active safety applications need a high degree of link reliability. The DSRC technology is used in mobility conditions when the vehicle is at high speed. It can deliver high performance even during extreme weather conditions such as snow, fog, and rain.

The DSRC technology ensures high speed and the most reliable vehicle-based technology to prevent crash and collisions.

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Is having professional insurance or surety bond necessary and why is it important

Is having professional insurance or surety bond necessary and why is it important?

 

In the complex economy of our time that requires many different skills and expertise, outsourcing the tasks that used to be done mainly in-house becomes the norm because it can reduce production cost, financial-wise. The company that choose outsourcing do not need to hire another full-time worker or professional that entails employer’s commitment such as medical benefits, paid maternity or paternity leaves, loans, etc.

 

If you are looking for a corporate or personal insurance provider, you should consider Allegiance Associates. They cover a wide range of professional insurance in Singapore. You should check out their site above.

 

The risk of outsourcing however, exists. The contractors who provide professional services may fail to fulfill the contract to the fullest, causing financial loss to the companies which use their services. Due to the potential risks involved every time this kind of transactions happen, the role of professional insurance or surety is very important to protect all parties. Several types of professional insurance are available in the market, depending on the needs of the parties.

 

An article on Insureon website gives good explanation about the importance of professional liability insurance.

 

Having professional insurance demonstrates positive aspects of business

 

There’s always a risk that you or an employee could make a mistake in your work — or at the very least, be wrongfully accused of making one! That’s why larger business partners might require you to carry Professional Liability Insurance before they sign a contract with you. A Professional Liability Insurance policy signals to your potential clients that you have their interests in mind and that you handle your business responsibly.

 

It can also give you a professional advantage over competitors who don’t have coverage. You can bid for projects your competitors can’t handle or advertise a benefit your competitors can’t provideRead more here!

 

If you are a company looking for outsourcers to do some professional works or to provide skillful tasks or consultancy that involve potential financial loss if it fails in any way, it is good to look for contractors that have professional liability insurance coverage. This is to ensure that the contractors can pay for the losses that you suffered due to their negligence, omission or advice that produce wrong results. In cases of lawsuits, even if you win, the contractors without coverage might not be in good financial standing to pay for the damages the court award to you.

 

On the other hand, if you are the contractor who is in the position to enter a contract as a service provider, having professional liability insurance demonstrates how far you are willing to protect your customers and their interests. Your concerns about your responsibility will resonate well with potential clients and brings more businesses. While some industries are stricter in giving out contracts only to those providers with insurance coverage. So, your business opportunities expand, too.

 

Let’s see what are the reasons that might lead to risk of litigation in professional settings, written by Mike Ang at Aon.

 

Protect your company from expensive lawsuits

 

Risk of litigation comes from many sources, including:

 

 

    1. Failure to perform to the required standards

 

    1. Inadvertent error (even at junior levels) or the unintended consequences of seeming appropriate advice

 

    1. The failure to adhere to accepted “prior” or “post” procedural protocols leading to potentially serious claims or law suits against professional service firms. Read more here!

 

 

 

 

For example, your business is providing service of building e-commerce platform that includes secure payment gateway. You have delivered the website and your client is very happy with it. But one day, the secured payment gateway got hacked and the client had some considerable loss caused by the incident. He decided to sue you.

 

Without coverage of insurance for your professional services, you might find it challenging without a safety net to fall on. Lawsuits usually cost a lot of money, especially if it is dragged for long months or even years before settlement. If you win, it will be a great relief, but what if it the other way around. You will need to prepare for days like this because doing business always involve some risks, high or low.

 

Looking to buy insurance only when the need arise is not a wise decision, because the insurance company can end up denying your insurance claim.

 

If you are not into insurance, another option to consider is the surety bond. Charles Seiler shares the detail on Savannah Now.

 

Surety bond is another option to consider

 

A surety bond is a contract involving three parties: the person or entity performing the service (principal), the person or entity for whom the service is performed (obligee) and the entity that guarantees the principal will perform as agreed (surety). In the event of a loss or failure to perform, the surety bond pays the obligee, not the principal.

 

Surety bonds work more like credit than insurance.

 

Insurance is an agreement between two parties where the entity paying the premium receives the benefit in the event of a loss. 

 

Surety bonding consists of two types: commercial and contract surety bonds. Commercial surety bonds, in most cases, are easier to obtain as they typically require only a signed application and current financial statement. Read more here!

 

If you do not want to pledge for long term payment of insurance premium, surety bond is easier to obtain because financial statement will be enough as supporting document. In the event of any loss, the surety will act as a guarantor to ensure the contractor who provide service will pay for any failure in performing promised tasks. Put ourselves in the client’s shoes; if there are two contractors, one with surety bonds and another without, with same good track record in giving service, why not choose the one that can pledge more financial responsibility.

 

Knowing all these, it is very easy to conclude the importance of having professional liability insurance or surety bonds that can cover the interests of both parties, either the client or the contractor. Although it is not a necessity, it is necessary in certain situations to have this kind of safety net. Reap the benefits that this financial security can offer – the confidence to enter any contracts knowing both sides are properly protected.

What Are The Common Misconceptions About Iris Recognition

What Are The Common Misconceptions About Iris Recognition?

Just like most movies tend to exaggerate the capabilities of technologies or other imaginary scenarios, rumour mills have taken it upon themselves to discredit iris recognition systems in the eyes of the general public. No matter how effectively one tries to discredit something or someone, the truth will eventually emerge on its own merit. This holds good even in the case of the iris recognition technology as well. For many years now, eyes have been thought of as the indicators of the innate human nature. While its veracity is yet to be verified, the
fact that eyes can be used to distinguish people accurately is now well accepted by the scientific community.

If you are looking for an Iris Recognition System for your company, you should consider ATT Systems Group Iris Recognition Access System. They have the expertise and know-how to assist you on your technical needs and implementing the systems. You should check them out.

Most people do not know that, the patterns in the iris of human eyes are one of the most intricate things in the world. As it forms when the baby is in the womb, it follows no guidelines whatsoever and it is as random as things can get in the natural world. This level of intricacy is the strength of the modern iris recognition systems. People need to understand that, it is the colour of the eye which is genetically determined, not the pattern of the iris. It is high time people�s doubts about the iris recognition system are cleared, as it is set to become commonplace in the near future. In this article we shall discuss, what are the common misconceptions about iris recognition.

Laser used in iris recognition is harmful in the long run
In the movies, iris recognition is depicted in the form of a laser scanning the eye, but truth be told, the actual iris recognition system does not work anything like that. Actual iris recognition systems capture the image of the eye through a near infrared camera. Considering that this wavelength is hardly visible to the human eye and that it pulses at a very high frequency, it has absolutely no effect on the human eye whatsoever. Even prolonged exposure to it makes no difference and the iris recognition system finishes its job in under a few seconds.

Identical twins can fool iris recognition systems easily
Nothing can be more farther from the truth, since the pattern of the irises are randomly formed with no bearing to one�s genetics, identical twins have no edge over iris recognition systems. Even the irises of the same person have no correlation among them whatsoever.

Top Tips for Selecting Professional Liability Insurance

Is professional liability insurance available with any insurance agent? Actually you cannot find it typically with all insurance brokers. The reason for that is this insurance falls within a separate genre altogether and needs specialised relationships, knowledge and awareness of non-standardized policy forms.

Here are some of the top tips to select apt professional indemnity insurance.

Third party coverage

It is an example of 3rd party coverage.  For instance, conventional insurance products such as a homeowner’s or auto policy are an example of a first party coverage. In the case of 3rd party coverage, the 3rd party or a claimant can claim for services or money when the first party or insured has failed to perform their professional services. Policies for professional liability insurance are specially designed to cover a claimant’s financial or economic loss with a duty of defending the insured in the actual lawsuit. These policies provide some sort of supplemental coverage that resembles 1st party such as disciplinary proceedings expense.

When an insured avails Professional Liability Insurance, the wrongdoings or liability does not have to be proven for initiating coverage as part of the plan.  Alleging it is sufficient. Some claims for professional liability incorporate accusations of fraud or criminal or intentional acts and there may not be any coverage for the policy.  However, just a single covered act like negligence may be required for initiating a legal defense within this policy.

Appreciate the operation of reported insurance and process of making claims

Most of the time, professional liability insurance is made available on a form called Claims Made policy. The meaning of Reported insurance and Claims Made is the potential or actual claim that should be reported and made to the insurer during the first discovered policy period. If the policy does not have any Retroactive Date, it may provide complete prior acts coverage.

Consult a professional in the industry sector for any help

It is an Internet driven world today so you can get prompt response. It is a world where you can ‘Google’ practically any kind of information. And yet, a professional insurance agency can do a much better and scientific research so that an excellent buying decision can be made about any policy decisions in just seconds while you can avoid making error in judgments. Moreover, all insurance plans in general, and professional liability insurance in particular, do not have equal features. Established insurance agencies have the expertise to watch the financial fitness of the insurers along with the use of public forms. However, at the end, you as a consumer have to take the final responsibility to know what you ought to be buying.

Everything About Professional Indemnity

What? – Professional indemnity is explained as that part of insurance which is liable to all the professional services required. It is, in short, referred as PI insurance and, in other cases, PL insurance. It guards all the legal expenses that are incurred for defending claim. It can also cover those costs which can be granted in case a person supposedly provided any insufficient service or advice. In other cases if an individual provided inadequate designs that reflected in loss to the client, all these charges can be covered through this process. Simply, it can be defined as a compensation that is payable to the particular client for rectifying a mistake made and pays the legal costs happened to defend a claim.

Who needs it? – Almost all the professions need to hold an insurance of professional indemnity. In a business destination country like Singapore, professional indemnity insurance Singapore made it mandatory for many professions. It is also important for anyone to have an insurance policy that matches and abides to their industry’s regulatory terms and requirements. Even in cases you might not be obliged to hold PI insurance, then remember, chances are you might end up paying huge amounts of money for paying legal fees and other payments related to managing compensations. Not included is all that money paid for defending any kind of allegation.

Which professionals need it? – To take up this insurance is no limitation. But, most people ask, who do you think requires it? Which professions or professionals might want it? Here you go.

Consultants – Both business as well as management consultants like marketing, education and training need it, as they might need to defend them in few instances.

Information technology professionals – They include all of them, from developers to programmers and consultants to contractors.

All the firms related to recruitment. They can be agencies or consultants.

Any type of designers, like website, interiors, graphics, to name a few.

Professionals related to fitness. They can be personal trainers, instructors of yoga or even dance teachers.

All the teachers, be it a Kindergarten or Post graduate. It includes tutors who teach part-time privately.

What is the cost of this insurance? – It varies. Many factors play an important role in giving a final count of cost in taking professional indemnity insurance. The factors might include the entire amount that needs to be covered. It also varies widely for different ranges of individuals and professional. When in doubt, consult the respective department and provide the details, such as the factors you might like to cover, and experts can always guide through the process.