Is Your Firm Covered? A design professional encounters many risks that can result in financial losses to numerous people. Insurance transfers those risks to an insurance company in return for a premium payment. There are a number of important types of architecture firm insurance that an owner should understand to determine if coverage is warranted.
The Quarterly eNewsletter of The AIA Trust —October 2017
The AIA will soon require that you “opt in” to any emailed subscription you receive. While many readers of the AIA Trust quarterly newsletter, Managing Your Risks, have subscribed, some members receive it based on their status as a firm owner or manager. To ensure you continue to receive the quarterly risk management newsletter, sign […]
The AIA Trust new white paper, “BIM Me Up, Scotty: Navigating Risk in Digital Practice” focuses on how to successfully manage your digital practice risks. While there has not yet been a proliferation of claims, risk management can be preemptive. This paper looks at risk assessment and the risk sensitive areas of the BIM process. […]
Cyber liability insurance is a valuable risk management solution that addresses the emerging coverage gaps found in traditional professional liability policies. This is mainly due to the increasing reliance on technology and the use of data in design firms. From criminals tricking you into paying false invoices, to liability arising from lost data, to income […]
Whether you live in a desert or next to a lake, there are good reasons to conserve water. By saving water, you can save money while helping the environment. Here are some ideas for wringing the most use out of your family’s water supply.
Any professional practice includes risk. How a firm handles that risk is critical to its profitability, and essential to its viability. According to Victor O. Schinnerer & Company, Inc., which manages the AIA Trust-sponsored CNA professional liability insurance program, four techniques are paramount to a firm to pursuing its preferred future.
Now that tax season is over, it is an ideal time to take a closer look at your financial structure and tidy up where needed. Here is an easy way to help you get on track for your future.
The AIA Trust has just published two new white papers to their website, one exploring the risks associated with contractor terminations and the other about the risks associated with design/build teams.