2023 Update It is critically important that all architects have health insurance coverage for themselves and their families. Often younger people believe they are in good health and since health insurance can be expensive, they may opt to go without health insurance coverage. This could be a huge financial mistake. An accident or an unforeseen…
Read MoreResource Type: Article
Firm Management Strategies
The AIA Trust recently published a paper titled “Firm Management Strategies” based on interviews with various sized firms from around the country about how they have managed through various catastrophes and endured—often emerging stronger than before. The paper examines some of the similarities and differences between managing a firm during the Great Recession that began…
Read MoreComponent Insurance Primer
Because the AIA Trust offers numerous varieties of insurance to AIA members as well as components, we frequently receive questions from AIA components about chapter-specific insurance – such as event cancellation insurance and liability insurance. Since many components do not carry this kind of insurance, the market is not sufficient for the AIA Trust to…
Read MoreAdvice to Potential New Principals
So, you have been invited to become a principal in your firm? Congratulations! Now, what can you expect? Are there lessons learned from other design firms that have successfully gone through internal ownership transition? Yes, there are. Cameron MacAllister consulting firm completed a benchmark study a few months ago on how architecture firms are handling…
Read MoreBOP’in Along in the New Economy
Those in the architecture community often equate risk with professional liability. Because of state licensing laws and the general legal treatment of professionals, liability in the performance of professional services is a significant risk. When failure to meet the standard of care for professional services harms a project stakeholder or results in injury to the…
Read MoreTraveling with Your Pets
Summer is here and nothing helps to shake off winter’s icy chill like a relaxing weekend away with your favorite furry friend! Taking your pet on a trip can be an unforgettable experience. Road Travel Before hitting the road, have your dog burn off some energy with a brisk walk around the block or a…
Read MoreEmployee Onboarding Best Practices
Leadership can be defined as the ability to influence, empower, and inspire others so that they in turn maximize their efforts. The process of onboarding employees, from their recruitment and orientation through to their achieving peak performance is ultimately the result of leadership. Are you that leader? Employee onboarding is the process of acclimating new…
Read MoreTerm Life Insurance Solutions
Most people envision fantastic futures for themselves and their families. And whether you’re sending children to college, purchasing a new home, or starting a business, your income is the engine that turns your aspirations into reality. But what if you were to die? How would this affect your family’s plans? Life insurance has proven to…
Read MoreSelecting Professional Liability Insurance and a Broker
When you are awake at night worrying whether or not your proposal to a prospective client for an RFQ will be good enough–the last thing you need to worry about is whether or not your professional liability insurance is adequate and whether it will protect you for the work you just proposed. According to various…
Read MoreMaking Energy Efficiency Permanent
The Consolidated Appropriations Act, 2021 (CAA), which was signed into law on December 27, 2020, includes support for energy efficient design. The Energy-Efficient Commercial Buildings Deduction (26 U.S. Code § 179D or more commonly known as Section 179D of the tax code) had been scheduled to expire at the end of 2020, but it is now…
Read MoreMaking Energy Efficiency Permanent
