Webinar: Professional Liability Risk Management Triumvirate

Thursday, February 17, 2022, at 1:00 PM

Please join us for the first webinar in our 2022 risk management series presented by Erik Vincelette, our Associate Principal. The presentation will include:

  1. Time, as it is measured by the project’s schedule.
  2.  Money, as reflected in the construction cost and/or the overall project budget.
  3. Quality, as seen through the Owner’s (or Client’s) Expectations.

In this context, we’ll also:

  • Identify some specific components of each of the three factors.
  • Review risk management guidance to address ...
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Happy Holidays!

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 ...

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Congratulations to our client, Kenneth Boroson Architects!

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!

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OCTOBER is National Cybersecurity Awareness Month

Cyber Liability

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 ...

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Siefert Associates and the Providence I-95 Viaduct Demolition

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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Insurance help during this period of quarantine

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 ...

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Notre-Dame: Is the Historic Landmark Insured?

 

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 ...

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Cyber Liability Insurance

 

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 ...

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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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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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