With increasing frequency, architects and other design professionals are being asked (and in some cases, even required) to sign agreements in which they undertake to indemnify their clients against any loss that the clients may suffer in connection with projects for which the design professionals have provided services. In some cases, the indemnification clause is […]
Business Coverage / Professional Liability Articles
Small firms are the most vulnerable to crises, disasters, and lawsuits. In fact, according to the US Chamber Institute for Legal Reform, more than 40 percent of small businesses were either involved in or threatened with a lawsuit due to A) administrative oversights or errors, B) undelivered services or C) poor quality of service, much […]
Today is an invigorating time to pursue best practices as they evolve to face challenges in the design professions. Architects in firms of all sizes are being inundated with ever expanding information and technologies to consider. How does one stay informed, engaged, and focused at the leading edge of best practices?
A recent webinar, Virtual Architectural Practice—An Alternate Reality, presented by the AIA Trust in partnership with the AIA Practice Management Knowledge Community, showcased current virtual practitioners, a legal expert, and an insurance expert who shared their insights in a 90-minute session. The webinar was designed to help you understand the many benefits of a virtual […]
While you may have spent years developing a reliable specification based on research and product performance to be sure your work is exemplary, you may be asked to review proposed product substitutions with which you have limited knowledge or experience. Since you may be perceived as obstructionist if you object or viewed as approving the […]
In case you missed—or just need a refresher—on the A’18 session, How to Start & Run Your Own Firm, check out the AIA Trust web page about Architects Starting a Firm, New in Practice. You’ll find a long list of free practice resources to help you on your way.
It can happen to anyone. An event on a system or network detected by a security device or application: malicious activity that is attempting to collect, disrupt, deny, degrade or destroy information system resources or the information itself. As an architect, if you don’t think you need cyber protection or don’t believe someone would want […]
With everyone busier than ever, most of us are seeking a balance between our work and our personal lives. Technology now enables extensive communications and thereby opportunities that didn’t exist years ago. Nearly every practicing architect engages in some form of “virtual practice” today because responsibilities require it. So, is an entirely virtual practice now […]
Confused over the differences between Long Term Disability Insurance (LTD) and Business Overhead Expense Insurance (BOE)? While both plans provide a monthly benefit if you are disabled and unable to work, the purposes are very different: LTD provides a monthly benefit to cover your personal expenses while you are disabled, whereas BOE provides a monthly […]
Floods can happen anywhere—more than 20 percent of flood claims come from properties outside the high-risk flood zone according to FEMA. Architects are impacted by flood through exposures at their offices, their homes and their client’s properties. So it’s important to understand what flood insurance covers—and what it does not cover—and what you need for […]