Mike Maloney Attends RLI Summit

 

On November 6th Mike Maloney was invited to tour a construction site in Rockville, MD by RLI Insurance Company.  RLI handles the professional liability coverage for the architect on this 18 story new construction project, and the tour of the site by the construction company foreman was fascinating.  The $100,000,000 project will be a mix of commercial and ...

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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 ...

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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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