By Victor Insurance Managers LLC Summary It can happen to anyone. An event on a system or network detected by a security device or application: malicious activity that is attempting to collect, disrupt, deny, degrade or destroy information system resources or the information itself. As an architect, if you don’t think you need cyber protection…
Read MoreTopic: Firm management
An Architect’s Guide to Flood Insurance
By Insurance Buyers Council, Inc. Since 1948, Insurance Buyers’ Council, Inc. (IBC) has a mission to provide their clients with unbiased information. IBC is not affiliated with companies that sell insurance to assure that the information they provide is completely unbiased; they do not benefit financially from any insurance recommendations. Combined, IBC’s staff possesses over…
Read MorePrincipal 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 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 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 MoreDiscovering Your Electronic Data
As the law pertaining to electronic data evolves, architecture firms must understand the issues around it. Firms must be able to identify the electronic data involved in their daily operations and how to properly store and discard it. Importantly, as electronic data grows exponentially, firms must also understand rules of discovery requirements and what one…
Read MoreGetting Paid Without Getting Sued
Without payment for services, design firms will suffer, starve, and even die. Importantly, payment issues are also often the single greatest warning sign of a project in trouble. The Collections-Claim Connection: Getting Paid Without Getting Sued, an AIA Trust risk report, discusses steps the architect can take to help ensure payment for a successful project.…
Read MoreBeat the Rap! Exonerate Yourself with Effective Documentation
The compelling risk report, Guilty Until Proven Innocent: Claims Defense Documentation, addresses documentation by the architect, centering on the presumption, “If it’s not written down, it didn’t happen.” The paper is a guideline for managing your documentation with helpful suggestions for beneficial recordkeeping and documents retention and retrieval for an effective claims response in the…
Read MoreHasta la Vista, Baby: Contractor Termination Lawsuits
When the terminator shows up, you must be ready. Termination of the contractor on a project almost always guarantees a lawsuit, and the architect is often among the casualties. The risk report, Contractor Termination Lawsuits: The Architect’s Risks and How to Manage Them, addresses why the architect is often sued when a project goes wrong,…
Read MoreHasta la Vista, Baby: Contractor Termination Lawsuits
