RLI Design Professionals Program Celebrating a Milestone

rli

While RLI Insurance Company has been in business for over 50 years, the RLI Design Professionals Program is celebrating their 9th year in business! RLI was named a five-star carrier through an independent survey of agents and brokers conducted by Insurance Business Magazine. Maloney & Company, LLC is very comfortable with the RLI Design Professionals Program – here are some insights:

Who they cover:

  • Architectural ...
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    Meeting of the Minds

    ed-evangelista-visit-november-16

    On November 14, 2016 we got a visit from our affiliated broker, Mr. Ed Evangelista. Ed has been an independent broker for 20 years, and has been affiliated with Maloney & Company, LLC working with architects and engineers for 10 years. His experience in insurance combined with the experience of Santina Ragonese and Mike Maloney (pictured here) makes for ...

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    Beazley Group, and their Broader Policy Form

     

    beazley-visit-october-2016

     

    This week, Debbie Wiechardt from Beazley Group came to visit our Guilford, CT office! We had a lot to talk about, because Beazley is now offering a much broader policy form. Here are some new changes that we are excited about:

    • Early Resolution Deductible credit – if a claim is resolved within six months of the date the claim is made, Beazley will ...
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    It’s National Cyber Security Awareness Month!

     

    cyber

     

    Created by the U.S. Department of Homeland Security and the National Cyber Security Alliance, National Cyber Security Awareness Month was created to help increase awareness about cyber threats and security measures.

    The Federal Trade Commission recently called ransomware (a type of virus that encrypts data) an “epidemic.” In fact, three of our clients have recently been hit by Ransomware, and a ransom ...

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    Top 5 Risk Management Tips for Design Professionals

     

    Risk management, simply put, is the identification of threats to your well-being and the decision of how to respond. Risk management takes on an additional level of importance for professionals like architects and engineers since they are personally liable for the professional services they provide. Below are five areas vital to design professionals who want to reduce or transfer risk:

     

    1) Client Selection:

    Monitor your interaction with clients and potential clients and be aware of danger signs. Walking away from a project ...

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    “As Schools Open, Design Professionals Fear that Claims Will Too”

     

    school-claims-by-state

     

    Recent studies from Victor O. Schinnerer show that besides residential projects, schools and colleges generate the highest number of claims and the most expensive claims, particularly in New York, New Jersey, Pennsylvania, and Massachusetts. This is due to a number of factors.

    • School projects don’t usually involve an individual client, but rather an elected school board with diverse wants and expectations ...
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    M&Co Expands South

    2016 has been a year of growth for Maloney & Company. We have expanded our services to the southernmost state, Florida, and it seems that we have done so at the perfect time.

    Jeff Atwater, Florida’s Chief Financial Officer, publishes an economic magazine each quarter called Florida’s Bottom Line. The magazine examines the impact of current topics, like decreasing unemployment rates and changes in the housing market. This quarter, Jeff focuses on Florida’s speedy growth and how they plan to ...

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    Visit with A+ Rated Insurer, Travelers

     

    Travelers July 2016

     

    The Maloney & Company staff recently visited with underwriters Hugo Eraso and Sherry Brathuhn from Travelers! We discussed the needs of our clients, and how Travelers is always striving to meet them. Travelers is an A+ rated insurer with a great reputation, and we are happy to have a close relationship with them.

     

    Photo: Reade Pizzonia, Santina ...

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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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