“Since 2000 Maloney & Company, LLC has been our broker for various types of insurance.  We think they are trustworthy, ethical, and work hard for us.  We are happy to recommend them as reliable insurance brokers.”

-Vincent A. Siefert, PE, Siefert Associates, LLC
Maloney & Company, LLC handles nearly 900 policies
for clients.

Clients range from internationally known firms to small part-time consultants.

Strong regional broker, with clients in five states, from Rhode Island to Delaware.


What We Do

Professional Liability
•
Workers’ Compensation
•
Business Owners Policies
•
Commercial Auto Policies
•
Employment Practices Liability

How does Maloney & Company, LLC get paid for its services?


It is a mystery to many firms how an insurance broker or agent gets paid.

Here’s how:

  1. Commission: For the commercial policies arranged by Maloney & Company, LLC, we receive a commission that ranges from 10% to 15% of the annual policy premium. This cost is “built into” the premium charged by the insurance company. This is one of the great reasons to work with a specialist firm like Maloney & Company, LLC—since you pay the same premium regardless of which broker you work with, you might as well get the extra attention and knowledge of a firm like ours.
  2. Incentive overrides: One of the tools that insurers like to use is to offer extra money to brokers or agents if they meet certain sales goals. These goals often include:
    • writing a certain amount of new business
    • having a certain percentage of that insurer's inforce account renew coverage
    • having a loss ratio below a certain percentage.
  3. Shared commissions or fees: Maloney & Company, LLC receives payments from various other sources for services in connection with products we help arrange. For instance, we receive payments on long term disability policies, group health policies and life insurance policies that are placed by other brokers or agents with our assistance. We also receive payments from Premium Financing Specialists, Inc. for our work in connection with the handling of premium financing contracts.