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 ...

Continue Reading →
0

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:


 


 

Continue Reading →
0

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!

0

Are you Fully Covered?

 

As a design professional, you should know about different coverages that exist. Below is a list of important policies that we’d like you to consider:

Cyber Liability: What if your system gets hit by Ransomware, a type of virus that encrypts your firms’ data and a ransom to be paid in Bitcoins is demanded by the hackers? This happened to atleast three of our clients in 2016, and a few more since then. Just about ...

Continue Reading →
0

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 ...

Continue Reading →
0

Tiny Living in Brooklyn

 

 

Millions of New Yorkers live alone, and studio apartments of less than 400 feet are setting new standards for efficiency. Caesura, a mixed-used building in the Brooklyn Cultural District is a project of New York’s Department of Housing Preservation and Development. This building has 12 stories, 123 of the smallest legal rentals in the five boroughs, and a ...

Continue Reading →
0

Do you use drones? Here’s what you need to know:

 

Unmanned aircrafts (aka drones) are soon to be an integral part of the design and construction industry, and the insurance industry has been actively preparing coverage for drone use. The issue is not one of professional liability insurance coverage, but is more concerned with general liability exposure.

If a firm uses a drone to gather photos of the 15th story apartment planned for construction, and the view was improperly selected and the tenant sues the developer for false ...

Continue Reading →
0

Site Safety

By Michael J. Maloney

 

There are two sure-fire ways to get tagged with liability for site safety:

  1. Assume site safety responsibility in your contract with the owner, or
  2. Assume site safety responsibility by your behavior on the jobsite.

Option 1 is pretty clear cut, and is easy enough to avoid.  But you and your employees should be on your guard against Option 2.  If your contract specifically excludes site safety responsibility (as ...

Continue Reading →
0

What’s the Best Way to Deal with an E&O Claim?

The best way for an architect or engineer to deal with an Errors & Omissions claim is to avoid it all together.

This is why using a specialty broker like Maloney & Company is so important. Our staff knows the A&E industry making us very aware of the risks that you face and enabling us to give top-notch guidance. Also, we frequently send out risk management materials to keep you updated with the latest trends in the industry. ...

Continue Reading →
0

Travelers New Policy Form

 

 

Our fantastic Travelers professional liability underwriters, Hugo Eraso and Sherry Brathuhn, came to visit our Guilford, CT office this week! Travelers is working on a new policy form with numerous enhancements, and they are re-configuring their rates which should make them more competitive within our specific region along the East Coast. As the economy expands and construction becomes more demanding, ...

Continue Reading →
0
Page 1 of 4 1234