A Closer Look at Professional Liability / Errors and Omissions

 

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 ...

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Are you Protecting your Firm?


It’s important to know all of the different policies that can help you protect your business, its intellectual property, as well as its physical assets. Below is a list of all the different coverages that Maloney & Company, LLC provides to architects, engineers, surveyors, and consultants:


 


 

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JDRF Brew for a Cure

 


The team had a wonderful time at the JDRF Brew for a Cure event this past weekend along with others in the design and construction industry! Sponsored by our clients Kenneth Boroson Architects and Consulting Engineering Services, we are happy to help support Type 1 Diabetes research for a cure!

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Do You Ever Hire Professional Subconsultants? Here are Some Tips:

 

If you retain subconsultants, you should make sure they have insurance, ideally at the same limits of liability that you maintain. It’s a good idea to also get into the habit of requesting proof of that coverage at least once a year. Here’s why:

  • If you were brought into a claim for professional negligence that is wholly or partly the fault of your sub, it would be good to know that your sub had professional liability at some ...
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A Day on the Water with RLI Insurance

 

We had a wonderful time this week with our team from RLI Insurance! Vince Costello, the Design Professionals program manager; Barb Sable, the Assistant Vice President of the Professional Services Group; Jeff Varallo, our Professional Liability Underwriter; and Kelly Looft, our Property & Casualty underwriter, all made the trek from PA and DC to spend a day on the water with us in the historic Thimble Islands located in Branford, CT.

RLI began writing professional liability for architects ...

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A Fieldtrip to the Start of American Modern Architecture

 

This week, the Maloney & Company, LLC team visited an icon of modernism – the Glass House by Philip Johnson.

Perched on a 49-acre landscape in New Canaan, CT, the Glass House was a remarkable achievement when it was completed in 1949. The house, which ushered the International Style into residential American architecture, is iconic because of its innovative use of materials at the time and its seamless integration into the landscape. It began a movement of architectural experimentation ...

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Visit with Travelers Property & Casualty Underwriters

 

 

This week, we had the pleasure of spending the day with our Travelers property & casualty underwriter, Velta Lyn and managing account executive, Suzie Lear from Travelers Georgia office!

Travelers has been serving the needs of design professionals since 1946. Their Architect, Engineer & Surveyor (AE&S) program is built to respond to the unique property casualty requirements of this growing segment ...

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A Visit with Beazley Insurance

 

 

We are all smiles whenever Debbie Wiechardt from Beazley visits! Beazley Insurance is a Lloyds of London syndicate that began in 1986, and they have been writing insurance for architects & engineers ever since. Beazley USA was established in 2004, and in 2005 became the first Lloyds of London syndicate ever to open an American office. Maloney & ...

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2018 Contract Review Guide

One of Maloney & Company’s commitments to our architect and engineer clients is to give them advice and suggestions on managing the risk they take on when providing design services. Among many risk management tips and suggestions, our clients receive a 10 page Contract Review Guide, updated annually.

Within the Contract Review Guide, we address questions like:

Q: What if I don’t sign the contract my client gave me? Or if my client doesn’t sign the ...

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Does the Updated Tax Policy Affect Architects & Engineers?

by Reade Pizzonia, Account Manager, Maloney & Company, LLC

 

 

As 2017 drew to a close, President Trump and the U.S Government agreed upon a new tax policy which went into effect as of January 1, 2018. A few weeks prior to the policy reform getting approved, the policy appeared unlikely to provide a benefit for architects and engineers. However, thanks to ...

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