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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Consequential Damage Claims

 

consequential-damages

 

Consequential damages arise out of special circumstances that are usually unpredictable, and are typically more expensive than direct damages. Most professional liability programs cover such damages as long as they result from negligence in providing professional services.

In order to reduce liability, you may try to negotiate a waiver of consequential damages with your client. Victor O. Schinnerer suggests ...

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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 ...

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Travelers CyberRisk for Professional Firms

 

According to Travelers Business Risk Index 2015, cyber risks are the number one concern overall for professional firms.  Just one virus or resourceful hacker can cause huge financial and reputational consequences for a design firm, and that’s why it is important to be prepared with the right coverage.

Here is a claim scenario: A design firm stored its customers’ information in a third-party cloud computing environment which suffered a major data breach, compromising the information of thousands of ...

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Collapsed Taiwan Apartment Building

Foam and cooking oil cans as fillers inside concrete beams of a 17-story apartment building has liability written all over it. This misconduct was discovered after a building collapsed in South Taiwan on February 6 due to an earthquake. At least 54 people have died, and many people are still unaccounted for. With so many other buildings still standing, it is clear that this building should not have collapsed, had it been built correctly.

Both the parties involved in the building’s ...

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Crime Insurance on a Rise

At Maloney & Company, LLC, we’ve been talking more and more about different coverages that are becoming very important. Employers Practices Liability Insurance (EPLI), Directors and Officers Liability (D&O), Crime, and Cyber Liability are included in this mix. Let’s talk a little bit about Crime Insurance:

What it Does:

Commercial Crime Insurance covers money, securities, and other property against a variety of criminal acts that occur inside and outside the premises of your business due to external threats and/or ...

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EPLI

BOS

 

Employment Practices Liability Insurance – is it Important?

Well, the likelihood of being sued by an employee is now three times greater than experiencing a fire loss. In just 2014, the Equal Employment Opportunity Commission received nearly 90,000 discrimination charges that year. 65% of these claims were groundless, but those employers still had to shovel out costs of investigating and defending against them. Along with claims from employees, many service-oriented ...

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Does Your Workers Comp Cover Telecommuting Employees?

telecommute

With internet and technology on the rise, it is becoming more common for employees to work from home. Workers Compensation insurance covers work at home, but what is the scope?

We can assume that courts will take a broad view of telecommuters and find coverage wherever possible due to the public policy nature of workers’ compensation. But what is considered the ...

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Architectural Style Guide of New England

We are lucky enough to live in such a historic part of the country where the English colonists created their first settlements. Take a look at the Architectural Style Guide created by HistoricNewEngland.org to see how architecture has evolved from the 1600 Post-Medieval English period to the mid 1800 Greek Revival to the early 1900 Colonial Revival.

 


Colonial Revival Architecture    

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Structural Engineering Association of Massachusetts (SEAMASS) Seminar

On November 13, 2014, Mike Maloney was in Boston, Massachusetts as a sponsor of the seminar presented by Structural Engineering Association of Massachusetts (SEAMASS).  The session included presentations by LeClair Ryan Law Firm, Simpson Gumpertz & Heger, Inc. Structural Engineers, Craig E. Barnes, PE of CBI Consulting, Inc. and Conn Kavanaugh Rosenthal Peisch & Ford, LLP Law Firm.    More info about SEAMASS here:  http://www.seamass.org/about/mission-a-history.html

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