Risk management, simply put, is the identification of threats to your well-being and the decision 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 could ...Continue Reading →
Please join us for the first webinar in our 2022 risk management series presented by Erik Vincelette, our Associate Principal. The presentation will include:
In this context, we’ll also:
As we approach the end of another year, I’d like to take a moment to express my gratitude for your business and for your confidence in Maloney & Company, LLC. We promise to continue giving you expert risk management suggestions, access to high-quality insurance companies, prudent advice, and to issue prompt certificates of insurance.
All of us here wish you the very ...Continue Reading →
The AIA-CT recently hosted its annual Awards Gala, where they presented certificates for various awards throughout 2021. Two of Kenneth Boroson Architects’ projects received Merit Awards! The 11 Crown Multi-Family Housing in Meriden won a Sustainable Architecture Award, and the District New Haven Corporate Tech Campus won a Design Award in the Adaptive Reuse category. Congratulations to all involved in both projects!Continue Reading →
Just about any organization that uses technology to do business faces a cyber risk. In fact, three of our clients have recently been hit by Ransomware, a type of virus that encrypted the firms’ data, and a ransom to be paid in Bitcoins was demanded by the hackers. This type of coverage is designed to mitigate losses from a variety of cyber incidents, such as data breaches, infringement of copyright, and network damage. As technology becomes more complex and ...Continue Reading →
Our client, Siefert Associates prepared the plans for the demolition of the existing southbound I-95 viaduct in Providence, Rhode Island. The bridge deck is being removed with excavators positioned on the structure. The post-tensioned steel girders will be removed with a variety of equipment [excavators, loaders, and cranes] on grade below the bridge once all the deck has been stripped.
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There is a TON of information out there, and some of the information seems to be changing daily in response to new legislation. You may have had staff asking about coverage due to quarantine, illness, or a need to care for children who are sick, or have to be home due to school and daycare closures.
One area that seems to be changing for the better seems to be a broadening of disability benefits and paid family leave benefits based on ...Continue Reading →
It’s been a sad week in architectural history because the 856-year-old Notre-Dame de Paris caught fire while undergoing restoration work, and the historic building is suffering from significant damages. If you’re wondering which company insures the cathedral, you may be surprised to find out that technically it isn’t covered.
According to Financial Times, most rebuilding costs are likely to fall ...Continue Reading →
Professional Liability Insurance (Errors & Omissions Insurance) is a great start to protect your business against claims of negligence, but there are additional risks that require additional coverage. Just about any organization that uses technology to do business faces a cyber risk. In fact, three of our clients have been hit by Ransomware, a type of virus that encrypted the firms’ ...Continue Reading →