Errors and Omissions Connecticut Archives - Page 2 of 5

Maloney & Company, LLC position on insurance claims linked to COVID19 protocols

Hi and I hope you are all safe and healthy during this unusual time. We at Maloney & Company, LLC have taken internal steps to inhibit the spread of the virus and will continue to be available to our clients via email and phone without any interruption.

I have received inquiries about what protections your insurance programs might offer in the wake of the COVID19 virus and I wanted to share the initial information we have with you.

We will continue to ...

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26
MAR

0

What's New at Maloney & Company

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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 an architect or ...

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11
JUN

0

What's New at Maloney & Company

A&E, a&e insurance, architect, architect insurance, Architect Insurance CT, Architecture, connecticut, CT, DE, Design-Build, E&O insurance, engineer, engineer insurance, Errors & Omissions, Errors and Omissions, Errors and Omissions Connecticut, FL, GA, Insurance Agency, NJ, NY, TN, VA

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:

Professional Liability Insurance: PL provides for damages and defense costs from claims arising from real and alleged ...

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24
JAN

0

What's New at Maloney & Company

A&E, a&e insurance, architect, architect insurance, Architecture, Claims, connecticut, CT, DE, Design-Build, E&O insurance, engineer insurance, Errors & Omissions, Errors and Omissions, Errors and Omissions Connecticut, FL, GA, insurance, Insurance Agency, insurance broker, New York, NJ, NY, OH, Professional Liability, RI, TN, VA

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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12
NOV

0

What's New at Maloney & Company

A&E, a&e insurance, architect, architect insurance, Architecture, Claims, CT, Design-Build, E&O insurance, engineer, engineer insurance, Errors & Omissions, Errors and Omissions, Errors and Omissions Connecticut, FL, GA, Insurance Agency, insurance broker, MA, NJ, NY, OH, PA, Professional Liability, RI, TN, VA

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 any organization that ...

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3
MAY

0

What's New at Maloney & Company

A&E, a&e insurance, architect, architect insurance, Architecture, Claims, connecticut, Crime Insurance, Cyber Insurance, DE, Design-Build, E&O insurance, engineer, engineer insurance, EPLI Insurance, Errors & Omissions, Errors and Omissions, Errors and Omissions Connecticut, Fiduciary Liability, FL, GA, insurance, Insurance Agency, insurance broker, MA, ME, New York, NJ, NY, OH, PA, Professional Liability, RI, TN, VA

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 representatives ...

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22
JAN

0

What's New at Maloney & Company

A&E, a&e insurance, architect, architect insurance, Architecture, Claims, CT, DE, Design-Build, E&O insurance, engineer, engineer insurance, Errors & Omissions, Errors and Omissions, Errors and Omissions Connecticut, FL, GA, Insurance Agency, insurance broker, MA, NY, OH, Professional Liability, RI, Tax Policy, TN

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 40% ...

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28
DEC

0

What's New at Maloney & Company

A&E, a&e insurance, architect, architect insurance, Architecture, Claims, CT, Design-Build, E&O insurance, engineer, engineer insurance, Errors & Omissions, Errors and Omissions, Errors and Omissions Connecticut, FL, GA, Insurance Agency, insurance broker, MA, NY, NYC, OH, PA, Professional Liability, RI, TN

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 advertising who sues ...

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8
SEP

0

What's New at Maloney & Company

a&e insurance, architect, architect insurance, Architecture, Claims, CT, Design-Build, drones, E&O insurance, engineer, engineer insurance, Errors & Omissions, Errors and Omissions, Errors and Omissions Connecticut, FL, GA, insurance, Insurance Agency, insurance broker, MA, NJ, NY, OH, Professional Liability, TN, VA

Site Safety

By Michael J. Maloney

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

Assume site safety responsibility in your contract with the owner, or
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 it ...

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4
AUG

0

What's New at Maloney & Company

A&E, a&e insurance, architect, architect insurance, Architecture, Claims, Design-Build, E&O insurance, engineer, engineer insurance, Errors & Omissions, Errors and Omissions, Errors and Omissions Connecticut, FL, GA, Insurance Agency, insurance broker, MA, Massachusetts, ME, New York, New York Architect, NJ, NY, OH, PA, Professional Liability, Rhode Island, TN, VA

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. Here are a ...

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23
JUN

0

What's New at Maloney & Company

A&E, a&e insurance, architect, architect insurance, Architecture, Claims, CT, Design-Build, E&O insurance, engineer, engineer insurance, Errors & Omissions, Errors and Omissions, Errors and Omissions Connecticut, FL, GA, Insurance Agency, insurance broker, MA, New York City, NJ, NY, OH, RI, TN