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 MoreResource Type: Newsletter
Principal Interest
If you’ve worked hard, been successful, and gained the trust of your superiors, you may at some point in your career receive an invitation to become a principal in your firm. While it may seem like evidence of your overall success, there are upsides and downsides to an ownership role and you should thoroughly understand…
Read MoreVirtual Practice Made Real
The 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…
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 MoreAn Architect’s Guide to Virtual Practice
Today, a new reality in architectural practice is that most architects are no longer interacting across their workstations. Instead, they are ‘virtually’ sharing ideas and drawings across digital platforms. Nearly every practicing architect engages in some form of “virtual practice” because the pace and practicalities of life demand it–employees travel or relocate, must limit work…
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 MoreBusiness Coverage Professional Liability
Quick Risk Review
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 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 MoreUnderstanding the Standard of Care
Published 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 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 MoreYou’ve Got the Wrong Idea About Our Relationship
