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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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 ...

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Site Safety Tips from M&Co

There are two sure-fire ways to get tagged with liability for site safety:

  1.  Assume site safety responsibility in your contract with the owner
  2. Assume site safety responsibility by your behavior on the jobsite.

#1 is pretty clear cut, and is easy enough to avoid. But you and your employees should be on your guard against #2. If your contract specifically excludes site safety responsibility (as it should), and the owner-contractor contract specifically includes site safety responsibility (as it should), then you must ...

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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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RLI Design Professionals Program Celebrating a Milestone

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While RLI Insurance Company has been in business for over 50 years, the RLI Design Professionals Program is celebrating their 9th year in business! RLI was named a five-star carrier through an independent survey of agents and brokers conducted by Insurance Business Magazine. Maloney & Company, LLC is very comfortable with the RLI Design Professionals Program – here are some insights:

Who ...

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Famous Architect, Diana Balmori

 

Diana Balmori, founder of Balmori Associates, Landscape, and Urban Design, passed away on November 14th at the age of 84. Diana was a landscape and urban design architect and was recognized by the way her designs create a fluid interface between landscape and structure in the development of urban spaces. Her work ranged from urban rooftop gardens to South Korea’s new administrative capital, Sejong City.

Ms. Balmori created a new understanding of landscape architecture and the built environment ...

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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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Meeting of the Minds

ed-evangelista-visit-november-16

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 ...

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Beazley Group, and their Broader Policy Form

 

beazley-visit-october-2016

 

This week, Debbie Wiechardt from Beazley Group came to visit our Guilford, CT office! We had a lot to talk about, because Beazley is now offering a much broader policy form. Here are some new changes that we are excited about:

  • Early Resolution Deductible credit – if a claim is resolved within six months of the date the claim is made, ...
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It’s National Cyber Security Awareness Month!

 

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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 ...

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