Emergency management is the process of preparing for, responding to, and recovering from an emergency situation and the subsequent business disruption. The current viral pandemic should remind professional service firms to update their plans to address possible interruptions related to mass illnesses. All firms should reassess their abilities to meet contractual obligations and business continuity […]
Business Coverage Articles
The new Coronavirus Aid, Relief, and Economic Security Act (CARES Act) that was just made into law may provide economic assistance for architects who are self-employed.
Many architectural firms are tempted into believing they’re safe from cyber attacks because they don’t consider their data to be “sensitive” enough to attract criminals. A new article published by the AIA Trust is filled with real case studies and highlights how very attractive architectural firms are to cyber criminals, the most successful attack vectors […]
AIA Trust insurance programs are making efforts to assist AIA member insureds during this uncertain time. For example, New York Life Insurance Company has temporarily extended premium payment periods to ensure that impacted members continue to remain insured even if they are having difficulty making premium payments now. AIA members under age 50 can now […]
The Covid-19 pandemic has changed nearly everything in our lives and in architectural practice. There are some resulting insurance issues that are important to consider and address. Taking Charge of Your Insurance Premiums Professional liability policies are priced as a percentage of revenue. Given the current situation which may result in less business for your […]
The AIA Trust published articles this past year in various AIA member publications. In case you missed them, these practice resources are all now available on the AIA Trust website – along with some new resources on vital topics such as financial management and cyber risk assessment. Check them out today!
If you are thinking about or planning to start your own practice, what should you be thinking about? Starting your own practice requires a clear strategy and vision to grow a sustainable business — while planning for the unexpected.
The AIA Trust presented three sessions at the recent AIA Conference on Architecture 2019 in Las Vegas. But even if you weren’t able to make it to these sessions about starting a firm, running a virtual practice, and ownership transition, you can still benefit from them.
“Democracy is messy, and it’s hard” said Robert Kennedy, Jr. about the political landscape. Current trends in the built environment may doubly merit that observation. In a democracy where everyone has a vote and a say on a wide variety of issues, decision-making can get complicated. In a very similar way, technology is democratizing how […]
When running a firm, you need a business continuity plan to ensure orderly leadership transition in case one or more key people leave, no matter the reason. Leaders, whether owners or managers, may leave because of retirement, death, a disagreement over strategy, or a job opportunity at another firm. Planning is crucial — and an […]