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 an architect or ...
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The team had a wonderful time at the JDRF Brew for a Cure event this past weekend along with others in the design and construction industry! Sponsored by our clients Kenneth Boroson Architects and Consulting Engineering Services, we are happy to help support Type 1 Diabetes research for a cure!
If you retain subconsultants, you should make sure they have insurance, ideally at the same limits of liability that you maintain. It’s a good idea to also get into the habit of requesting proof of that coverage at least once a year. Here’s why:
We had a wonderful time this week with our team from RLI Insurance! Vince Costello, the Design Professionals program manager; Barb Sable, the Assistant Vice President of the Professional Services Group; Jeff Varallo, our Professional Liability Underwriter; and Kelly Looft, our Property & Casualty underwriter, all made the trek from PA and DC to spend a day on the water with us in the historic Thimble Islands located in Branford, CT.
RLI began writing professional liability for architects ...
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This week, the Maloney & Company, LLC team visited an icon of modernism – the Glass House by Philip Johnson.
Perched on a 49-acre landscape in New Canaan, CT, the Glass House was a remarkable achievement when it was completed in 1949. The house, which ushered the International Style into residential American architecture, is iconic because of its innovative use of materials at the time and its seamless integration into the landscape. It began a movement of architectural experimentation ...
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It’s been a busy week here at Maloney & Company, LLC!
We loved catching up with Axis Insurance underwriters, Debbie Cristen and Sandip Chandarana! Axis Insurance has been writing professional liability or architects and engineers since 2010. ...
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This week, we had the pleasure of spending the day with our Travelers property & casualty underwriter, Velta Lyn and managing account executive, Suzie Lear from Travelers Georgia office!
Travelers has been serving the needs of design professionals since 1946. Their Architect, Engineer & Surveyor (AE&S) program is built to respond to the unique property casualty requirements of this growing segment ...
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As a design professional, you should know about different coverages that exist. Below is a list of important policies that we’d like you to consider:
• Cyber Liability: What if your system gets hit by Ransomware, a type of virus that encrypts your firms’ data and a ransom to be paid in Bitcoins is demanded by the hackers? This happened to atleast three of our clients in 2016, and a few more since then. Just about ...
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We are all smiles whenever Debbie Wiechardt from Beazley visits! Beazley Insurance is a Lloyds of London syndicate that began in 1986, and they have been writing insurance for architects & engineers ever since. Beazley USA was established in 2004, and in 2005 became the first Lloyds of London syndicate ever to open an American office. Maloney & ...
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