Business Coverage Professional Liability
Floods can happen anywhere—more than 20% of flood claims come from properties outside the high-risk flood zone according to FEMA. Architects are impacted by floods 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 your…
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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…
Read MoreThe AIA Trust Guide to Virtual Practice, is a treasure-trove of invaluable pointers and considerations for this burgeoning approach to architectural practice. The guide offers an overview of requirements and questions to consider when starting or working in a virtual practice. For example, what actually is a virtual practice and how does it differ from…
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As a risk management resource for AIA Members, the AIA Trust develops risk reports on topics of critical and evolving risks for architects. If you don’t have time to read the risk reports, new synopses give you the important facts. Check them out now—so you stay out in front of critical risks. Some of these…
Read MorePublished by AIA’s Risk Management Committee (RMC), below are two articles to explain how the standard of care applies to your practice. Often the actions of the architect are measured against the applicable “standard of care.” Perfection is not the standard of care for the practice of architecture and while the common law standard of…
Read MoreWhat should you do when your client wants you to assume a duty to defend the client in any claim brought against him or her relating to your professional services? And how do you avoid this unduly burdensome risk? Agreeing to defend another party, generally, an owner or developer against a covered third-party claim, means…
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Risk management education is key to managing a successful firm—and utilizing risk management webinars on critical topics is an indispensable approach. The longevity of an organization doesn’t happen by chance. It is the result of careful planning that includes proactive risk management. Client loss prevention and risk management services are an integral part of the…
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Drones and cyber liability are all over the news these days. And they have big implications for architectural practice. The AIA Trust has just published guides on each of these topics to help architects navigate new regulations and risks. An Architect’s Guide to Using Drones Drones—also called unmanned aerial vehicles (UAVs) or unmanned aerial…
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What comes to mind when you think of the AIA Trust? While many of you may view it as simply a source of insurance and retirement member benefit programs, this only represents a portion of what the AIA Trust actually offers AIA members to help them practice strategically. In fact, the AIA Trust has developed…
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The AIA Trust new risk report, “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 report looks at risk assessment and the risk-sensitive areas of the BIM process. A…
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