Are you clear on the federal pay rules for compensating overtime correctly so your firm isn’t confronted with audits, back pay, and fines? Paying employees overtime pay can be an expensive proposition. Under the Department of Labor (DOL) rules, businesses are not required to pay an employee overtime if the employee is considered “exempt” from…
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Business Coverage Professional Liability
New! Free Guides for Your Practice
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…
Read MoreTake Cyber Liability Exposures Seriously
Professional service firms are facing an increased exposure to cyber liability. According to Victor, many firms do not take the necessary steps to secure their systems, guard their digital assets, protect confidential client information, and maintain productivity. Each firm should have digital protection protocols that help avoid or minimize data breaches. There should also be…
Read MoreAn Architect’s Guide to Using Drones
By Michael J. Corso, Esq. Michael J. Corso is Florida Bar Board Certified in Civil Trial and Business Litigation Law. He concentrates his practice in the defense of product liability claims and non-medical professionals including architects, engineers, surveyors, lawyers and accountants. He is an allied member of AIA Florida and Florida Engineering Society. Michael received…
Read MoreProtect Your Firm from Ransomware Disaster
In this age of increasing cyber crime, professional service firms either have been victims of ransomware or likely will be eventually. Firms that have experienced the chaos and despair that a ransomware attack causes know that the effects are costly, debilitating, and damaging to a firm’s reputation. Through staff education, comprehensive data protection procedures, and…
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Free Webinars for Navigating Your Risks
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…
Read MoreArchitecture Firm Insurance
Is Your Firm Covered? A design professional encounters many risks that can result in financial losses to numerous people. Insurance transfers those risks to an insurance company in return for a premium payment. There are a number of important types of architecture firm insurance that an owner should understand to determine if coverage is warranted.
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Digital Practice Risks
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…
Read MoreCyber Liability Is Real
Cyber liability insurance is a valuable risk management solution that addresses the emerging coverage gaps found in traditional professional liability policies. This is mainly due to the increasing reliance on technology and the use of data in design firms. From criminals tricking you into paying false invoices, to liability arising from lost data, to income…
Read MoreNavigating Risk in Digital Practice
The report, BIM Me Up, Scotty: Navigating Risk in Digital Practice, is your chance to get the inside on preemptive risk management for your digital travels. It is an opportunity to gain insight for managing your practice so that you can put up your deflector shields to guard against incursions from the litigious Borgs that…
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