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 […]
Business Coverage / Professional Liability Articles
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 […]
Condominium work for developers, construction managers, contractors, and design firms continues to be strong after being scarce following the 2008 economic collapse. Many millennials and other first time buyers can and want to invest in condo units in urban areas. And renting is less attractive to a maturing class of residential market participants as they […]
Until you are left reeling from the untimely death of a loved one, you may not fully understand or appreciate the importance of life insurance and the critical role it can play during that difficult time. Your children, spouse or significant other, parents or other family members, are the ones whose futures you want to […]
The likelihood of design deliverables being released for approval or actual construction while containing negligent errors or omissions are higher than most firms would like. This is due to projects becoming more complex and design times being severely constrained. As such, more projects are involving design input from a wide range of consultants and other […]
If you’re invited to become a principal in your firm, do you know what that requires? A recent study on internal ownership transition sheds light on how architecture firms are handling the ownership succession process when founding principals near the end of their tenure. If you’re tapped to become a principal in your firm, this […]
As a risk management resource for AIA Members, the AIA Trust develops white papers on topics of critical and evolving risks for architects. If you don’t have time to read the white papers, new synopses give you the important facts. Check them out now—so you stay out in front of critical risks.
An after-work session sponsored by the AIA Trust and the AIA Practice Management Knowledge Community will be held on November 9th at the 2017 Chicago Architecture Biennial, focusing how technology is impacting architectural practice—with an emphasis on how “virtual practice” is gaining popularity among various types of practitioners.