MA Archives - Page 3 of 5 - Maloney & Company, LLC

Starting a Design Office?

Architects and engineers planning to start their own firms will ask us about insurance for the new venture. Typically, small firms start with one or more of these three types of policies:

1) Professional Liability Policy

This type of policy pays for legal fees and damage awards connected to an A/E’s design work. This coverage is important because an architect or engineer is personally liable for his or her professional services. There is no way to organize or incorporate to shield yourself ...

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27
OCT

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, engineer insurance, Errors & Omissions, Errors and Omissions, FL, GA, insurance, Insurance Agency, insurance broker, MA, Massachusetts, ME, New England Engineers, NJ, NY, OH, PA, Pennsylvania, Professional Liability, Rhode Island, RI, TN, VA

Cyber Awareness Month

Created by the U.S. Department of Homeland Security and the National Cyber Security Alliance, National Cyber Security Awareness Month was created to help increase awareness about cyber threats and security measures.

Do you bank electronically?

What happens if you log on one day and $100,000 is missing from your account? You contact your bank. What do THEY say? Likely some version of ...

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5
OCT

What's New at Maloney & Company

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

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

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

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

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

World Landscape Architecture Month

April is the month long celebration of landscape architecture and designed public/private spaces!

World Landscape Architecture Month was established by the American Society of Landscape Architecture and aims to demonstrate how landscape architecture effects our daily lives. Springtime is the perfect time of year to celebrate landscape architects, because now is the time that most see their profession pick up its never ending dynamics. Landscape architecture services in America are valued ...

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20
APR

What's New at Maloney & Company

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

Joining Forces with Attorney Kevin Godbout

This week, Maloney & Company, LLC caught up with Attorney Kevin Godbout!

Attorney Godbout has been recognized by Super Lawyers and has been named to the 2016 Connecticut Super Lawyers in the practice area of Professional Liability: Defense. He has also been rated AV-Preeminent by his peers through Martindale-Hubbell. The account managers at Maloney & Company, LLC frequently meet with Attorney Godbout to discuss trends in the A&E industry and new risk management techniques. This week, the statute of limitation and ...

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3
MAR

What's New at Maloney & Company

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

When Clients Ask to Be Added to Your Policy:

First Question: What Status Do They Want?

Additional Named Insured: this status is never given to a client, nor would a client ever want this status if he or she realized the implications. A Named Insured under the policy receives the full scope of protection under the policy, so it is appropriate only for the design firm and any related companies. If a client is a Named Insured, they could be held responsible for premiums, they could cancel the policy, and you ...

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13
FEB

What's New at Maloney & Company

A&E, a&e insurance, architect insurance, Certificate of Insurance, connecticut, Design-Build, engineer, engineer insurance, Errors & Omissions, Errors and Omissions, Errors and Omissions Connecticut, FL, GA, insurance, Insurance Agency, insurance broker, MA, Massachusetts, ME, New Jersey, New York, New York City, NJ, NY, OH, PA, Rhode Island, RI, Tennessee, TN, VA, Virginia

Interested in Design/Build?

There are many ways to structure a design/build project, but most often an architect or engineer (A/E) will design a building, then retain the trades directly. This way, the A/E has control over the full construction value of the project, not the 3%-12% they usually get for the design alone. When an A/E takes responsibility for construction and subs out 100% of the “work,” we call that A/E a “Paper GC” since the A/E won’t actually get out and swing ...

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28
DEC

What's New at Maloney & Company

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

RLI Design Professionals Program Celebrating a Milestone

While RLI Insurance Company has been in business for over 50 years, the RLI Design Professionals Program is celebrating their 9th year in business! RLI was named a five-star carrier through an independent survey of agents and brokers conducted by Insurance Business Magazine. Maloney & Company, LLC is very comfortable with the RLI Design Professionals Program – here are some insights:

Who they ...

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13
DEC

What's New at Maloney & Company

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

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