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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Don’t Ignore the Stack Effect!

If your goal is to create more efficient and energy-saving projects, then pay attention to the stack effect. The stack effect (also known as the chimney effect) deals with the flow of air throughout a structure. Air density and pressure directly correlate with temperature, which is why hot air rises when cold air forces it up. This needs to be managed.

Green Lodging News reported on a study conducted by the Urban Green Council in partnership with our client, Steven Winter ...

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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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Big Plans for our Cities

New York City has just announced major infrastructure projects to improve New Yorkers’ quality of life. Beginning in Summer 2016, the city will start replacing pay phones with 7,500 tech kiosks, creating the world’s most expansive and efficient public WiFi network, offering NYC users broadband speeds of up to 1,000 megabits per second. The city’s Metropolitan Transportation Authority (MTA) announced that all 277 underground subway stations will have WiFi service by the end of 2016, and by the end of ...

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Crime Insurance on a Rise

At Maloney & Company, LLC, we’ve been talking more and more about different coverages that are becoming very important. Employers Practices Liability Insurance (EPLI), Directors and Officers Liability (D&O), Crime, and Cyber Liability are included in this mix. Let’s talk a little bit about Crime Insurance:

What it Does:

Commercial Crime Insurance covers money, securities, and other property against a variety of criminal acts that occur inside and outside the premises of your business due to external threats and/or even your own ...

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EPLI

BOS

 

Employment Practices Liability Insurance – is it Important?

Well, the likelihood of being sued by an employee is now three times greater than experiencing a fire loss. In just 2014, the Equal Employment Opportunity Commission received nearly 90,000 discrimination charges that year. 65% of these claims were groundless, but those employers still had to shovel out costs of investigating and defending against them. Along with claims from employees, many service-oriented businesses are ...

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Data Breaches at a Record High

2014 was a record year for data breaches, and the numbers will only rise. The number of U.S. data breaches that were tracked in 2014 hit an all-time high of 783, according to the Identity Theft Resource Center. Since 2005, there have been in excess of 5,000 data breach incidents, involving over 675 million records. Keep in mind, that this number only encompasses those reported, many breaches fly under the radar every day.

Eva Velasquez, the president and CEO of ITRC, ...

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Does Your Workers Comp Cover Telecommuting Employees?

telecommute

With internet and technology on the rise, it is becoming more common for employees to work from home. Workers Compensation insurance covers work at home, but what is the scope?

We can assume that courts will take a broad view of telecommuters and find coverage wherever possible due to the public policy nature of workers’ compensation. But what is considered the “workplace”? ...

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