Webinar: Professional Liability Risk Management Triumvirate

Thursday, February 17, 2022, at 1:00 PM

Please join us for the first webinar in our 2022 risk management series presented by Erik Vincelette, our Associate Principal. The presentation will include:

  1. Time, as it is measured by the project’s schedule.
  2.  Money, as reflected in the construction cost and/or the overall project budget.
  3. Quality, as seen through the Owner’s (or Client’s) Expectations.

In this context, we’ll also:

  • Identify some specific components of each of the three factors.
  • Review risk management guidance to address each of the ...
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Happy Holidays!

As we approach the end of another year, I’d like to take a moment to express my gratitude for your business and for your confidence in Maloney & Company, LLC. We promise to continue giving you expert risk management suggestions, access to high-quality insurance companies, prudent advice, and to issue prompt certificates of insurance.

All of us here wish you the very ...

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Congratulations to our client, Kenneth Boroson Architects!

The AIA-CT recently hosted its annual Awards Gala, where they presented certificates for various awards throughout 2021. Two of Kenneth Boroson Architects’ projects received Merit Awards! The 11 Crown Multi-Family Housing in Meriden won a Sustainable Architecture Award, and the District New Haven Corporate Tech Campus won a Design Award in the Adaptive Reuse category. Congratulations to all involved in both projects!

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2021 Maloney & Company Risk Management Series Calendar

 

Join Us For Our Virtual 2021 Risk Management Series

    • March 25 – Lessons Learned From Litigation Against Design Professionals
    • April 22 – 2021 Contract Review Guide – Tips and Suggestions
    • May 20 – The Standard of Care
    • June 24 – Be Social, Not Liable: Navigating Social Media Usage in the Workplace
    • September 23 The Risk Spectrum of Construction ...
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Insurance help during this period of quarantine

There is a TON of information out there, and some of the information seems to be changing daily in response to new legislation. You may have had staff asking about coverage due to quarantine, illness, or a need to care for children who are sick, or have to be home due to school and daycare closures.

One area that seems to be changing for the better seems to be a broadening of disability benefits and paid family leave benefits based on ...

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Consequential Damage Claims

 

consequential-damages

 

Consequential damages arise out of special circumstances that are usually unpredictable, and are typically more expensive than direct damages. Most professional liability programs cover such damages as long as they result from negligence in providing professional services.

In order to reduce liability, you may try to negotiate a waiver of consequential damages with your client. Victor O. Schinnerer suggests the below, ...

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Joining Forces with Attorney Kevin Godbout

This week, Maloney & Company, LLC caught up with Attorney Kevin Godbout!

Attorney Godbout has been recognized by Super Lawyers and has been named to the 2016 Connecticut Super Lawyers in the practice area of Professional Liability: Defense. He has also been rated AV-Preeminent by his peers through Martindale-Hubbell. The account managers at Maloney & Company, LLC frequently meet with Attorney Godbout to discuss trends in the A&E industry and new risk management techniques. This week, the statute of limitation and ...

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Field Trip to Hartford, CT

March 2016

 

This week, our account managers took a day trip to Hartford, CT to visit with attorneys Donald Doeg and Ben Berger to discuss various construction projects in the Connecticut area as well as current trends in the Architect & Engineer industry. Thanks Don and Ben!

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Lunch with Kevin Godbout

As frequently as possible, Maloney & Company, LLC meets with other professionals in the area to compare, contrast, and ultimately learn about recent industry trends in the A&E industry. This week we had lunch with Kevin Godbout, an attorney out of New Haven, CT who represents professionals including architects, engineers, and land surveyors. We talked about arbitration, mediation, and litigation as well as written contracts, which are useful topics that help us provide top-notch risk management advice to our clients. Thank you Kevin!

 

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A Closer Look at Professional Liability / E&O

The insurance that protects your company in the event that a client alleges you made a mistake that caused them a loss is extremely important. For dentists and doctors, this is called malpractice insurance. For design professionals, this is called Professional Liability, Errors and Omissions, or E&O coverage. Whatever you wish to call it, it covers the errors (or omissions) that your company has made, or the errors that your client perceives your company has made.
As an architect or ...

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