The AIA Trust workshop, How to Start & Run Your Own Firm offers practical, professional, ethical, legal and insurance tips for a new firm to start off right. In addition, be sure to check out the full-page website guide about how to Start a Firm — where you’ll find recommended benefit programs for your new…
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What Kind of Disability Coverage Do You Need?
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…
Read MoreFour Keys to a Successful Condominium Project
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…
Read MoreHow to Protect Those You Love
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…
Read MoreBecoming a Firm Principal?
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…
Read MoreFacts You Need About Disability Insurance
For most architects, the idea that one could become disabled due to an illness or injury seems pretty remote. No matter how many times one may say, “It will never happen to me,” there’s no getting around the fact that it does happen—everyday—to people just like you. So what should you know about disability insurance?…
Read MoreHow Independent Reviews Help Manage Firm Exposure
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…
Read MoreQuick Reference: Risk Resource Review
As a risk management resource for AIA Members, the AIA Trust develops risk reports on topics of critical and evolving risks for architects. Some of these risks you may be aware of—and some may never have crossed your mind. Either way, it’s important to be able to recognize them so you can at best avoid…
Read MoreYou’ve Got the Wrong Idea About Our Relationship
The typical complaint against an architect starts with the plaintiff laying out his story of what happened, and then listing the laws that the conduct allegedly violated. Architects are familiar with many of them–malpractice, negligence, breach of contract, and the like. But sometimes the complaint alleges that the architect is a “fiduciary” and has breached…
Read MoreProfessional Ethics: Balancing Obligations
The practice of architecture can be extremely rewarding. But like any profession, the practice of architecture must include attention to a host of various business and legal issues. For many architects, dealing with the myriad of requirements and the complexities they impose can be challenging, and there is a related subject that is often overlooked–ethics.…
Read MoreProfessional Ethics: Balancing Obligations
