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 […]
The Quarterly eNewsletter of The AIA Trust —July 2020
What Can You Do About Your Cash Flow?
One major effect of the COVID-19 pandemic is its effect on the economy and the cash flow issues it is creating for small business owners of all types – including architectural firms. Should you consider borrowing from your 401(k) now? As an architect, if you have a 401(k) plan at work and need some cash, […]
How the CARES Act May Assist Self-Employed Architects
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.
The Threat is Real: Cyber Attacks Against Architectural Firms
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 […]
5 Reasons Why Smart Women Architects Buy Life Insurance – or More of It
One of the most harrowing experiences I’ve ever had was during the sixth month of my pregnancy. My husband was out late, hadn’t called, and I was, of course, angry at his thoughtlessness. But this very evening, he had misjudged a bend in a rural, mountain road—and plummeted off the side of it into a […]
Indemnification Clauses: All You Need to Know
Most architects prefer to design the built environment rather than learn about legal concepts such as indemnification. While you should always engage your attorney to review contract language, this legal concept can significantly increase your risks on a project, especially if poorly written.
April 2020 Healthcare Update
The Coronavirus currently dominates the healthcare discussion in the United States and around the world. Large insurance carriers have announced policies regarding out-of-pocket expenses and what is covered – and there are expert suggestions on where we might go from here.
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