VA Archives - Page 4 of 5 - Maloney & Company, LLC

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

0

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

0

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

0

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

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 the firm’s customers. ...

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23
NOV

0

What's New at Maloney & Company

A&E, a&e insurance, architect insurance, Architect Insurance CT, Architecture, connecticut, CT, cyber, cyper, DE, engineer, engineer insurance, Errors & Omissions, Errors and Omissions, Errors and Omissions Connecticut, FL, GA, insurance, insurance broker, MA, Massachusetts, ME, New England Engineers, New Jersey, Rhode Island, RI, Structural Engineers, TN, Travelers, Travelers Bond & Specialty, Travelers Insurance, VA

Meeting of the Minds

On November 14, 2016 we got a visit from our affiliated broker, Mr. Ed Evangelista. Ed has been an independent broker for 20 years, and has been affiliated with Maloney & Company, LLC working with architects and engineers for 10 years. His experience in insurance combined with the experience of Santina Ragonese and Mike Maloney (pictured here) makes for ...

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14
NOV

0

What's New at Maloney & Company

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

It’s National Cyber Security 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.

The Federal Trade Commission recently called ransomware (a type of virus that encrypts data) an “epidemic.” In fact, three of our clients have recently been hit by Ransomware, and a ransom paid ...

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10
OCT

0

What's New at Maloney & Company

A&E, a&e insurance, architect, architect insurance, Architecture, Claims, CT, Cyber Insurance, DE, Design-Build, E&O insurance, engineer, engineer insurance, Errors & Omissions, FL, GA, Insurance Agency, MA, ME, NJ, NY, OH, PA, Professional Liability, Ransomware, RLI, TN, VA

M&Co Expands South

2016 has been a year of growth for Maloney & Company. We have expanded our services to the southernmost state, Florida, and it seems that we have done so at the perfect time.

Jeff Atwater, Florida’s Chief Financial Officer, publishes an economic magazine each quarter called Florida’s Bottom Line. The magazine examines the impact of current topics, like decreasing unemployment rates and changes in the housing market. This quarter, Jeff focuses on Florida’s speedy growth and how they plan to ...

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7
SEP

0

What's New at Maloney & Company

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

The End of the McMansion Era?

McMansions. They are the mega-houses of the middle and upper-middle class, born in the 1980s. These homes are usually cheaply built, and quickly grew in popularity during the 2008 financial recession for obvious reasons.

According to ArchDaily and real estate website Trulia, it is no longer an economic benefit to purchase one of these 3,000-5,000 square foot homes. Tracking data shows that the premium homeowners were willing to part with to purchase a McMansion has dropped in 85 of the largest ...

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26
AUG

0

What's New at Maloney & Company

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

Cyber Liability Insurance

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 the firms’ data, and a ransom to be paid in Bitcoins was demanded by the hackers. Architect and Engineer firms of all sizes are seeing an increase in ...

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29
JUL

0

What's New at Maloney & Company

A&E, a&e insurance, architect insurance, CT, Cyber Insurance, Cyber Liability, DE, engineer insurance, Errors & Omissions, FL, GA, ME, NJ, NY, OH, PA, Professional Liability, TN, VA

The 2016 Fuller Challenge

Buckminster Fuller Institute created the Fuller Challenge to award those specifically working to identify and catalyze individuals and teams employing a whole systems approach to problem solving. “Whole-Systems Design” reveals lasting and frugal solutions with multiple benefits. Not only does this type of design point the way to solutions to particular resource problems, but it also reveals interconnections between problems, which often permits one solution to create many more.

With the Fuller Challenge in it’s 9th annual cycle, there is great ...

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22
JUL

0

What's New at Maloney & Company

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