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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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 ...

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Thank you to all our loyal clients!

In honor of our 20th year in business, I want to thank all our loyal clients for making it such a pleasure to come to work each day!  Over the years that I have worked with you, I have found that you are creative, intelligent, educated, interesting, honest and nice.  And you deserve to work with insurance representatives who appreciate those qualities in you and share many of them.  Part of what we do each day is ...

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Drones and the City

Drones seem to be everywhere in our lives, and they are beginning to make their way into the professional setting for architects and engineers as well.  That is, it’s emerging in some cities while others are a bit slower to change for several reasons.  New York City is one of those cities slow to embrace this change as reported by the Wall Street Journal.  The path to legalizing drone use within the city has been 18 ...

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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 ...

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Travelers New Policy Form

 

 

Our fantastic Travelers professional liability underwriters, Hugo Eraso and Sherry Brathuhn, came to visit our Guilford, CT office this week! Travelers is working on a new policy form with numerous enhancements, and they are re-configuring their rates which should make them more competitive within our specific region along the East Coast. As the economy expands and construction becomes more demanding, ...

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“As Schools Open, Design Professionals Fear that Claims Will Too”

 

school-claims-by-state

 

Recent studies from Victor O. Schinnerer show that besides residential projects, schools and colleges generate the highest number of claims and the most expensive claims, particularly in New York, New Jersey, Pennsylvania, and Massachusetts. This is due to a number of factors.

  • School projects don’t usually involve an individual client, but rather an elected school board with diverse wants and ...
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Maloney & Company, LLC Goes to Philly

 

Rynne at RLI

RLI Design Professionals Program

Our Customer Service Representative, Rynne O’Connor, recently took the trip to Philadelphia to attend training sessions with RLI Insurance Company.  Rynne spent one-on-one time with underwriters and reviewed RLI’s risk appetite and underwriting guidelines for P&C lines (BOP, Auto, WC, and Umb), and how certain credits are applied to quotes/premiums in ...

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Field Trip to Hartford, CT

March 2016

 

This week, our account managers took a day trip to Hartford, CT to visit with attorneys Donald Doeg and Ben Berger to discuss various construction projects in the Connecticut area as well as current trends in the Architect & Engineer industry. Thanks Don and Ben!

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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 ...

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