Business Coverage Employee Benefits
The new Coronavirus Aid, Relief, and Economic Security Act (CARES Act) that was just made into law may provide economic assistance for architects who are self-employed. Under Title II, Assistance for American Workers, Families, and Businesses the Unemployment Insurance Provisions Eligibility, the new law expands the scope of individuals who are eligible for unemployment benefits…
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AIA Trust insurance programs are making efforts to assist AIA member insureds during this uncertain time. For example, New York Life Insurance Company has temporarily extended premium payment periods to ensure that impacted members continue to remain insured even if they are having difficulty making premium payments now. AIA members under age 50 can now…
Read MoreBy Robin G. Banks, Esq. Licensed to practice law in Maryland and DC, Robin G. Banks focuses her practice on construction law, representing design professionals and other industry participants in contract drafting and negotiation and design and construction related disputes. She serves as Associate Outside Counsel to the AIA Contract Documents Committee and is an…
Read MoreIf you are thinking about or planning to start your own practice, what should you be thinking about? Starting your own practice requires a clear strategy and vision to grow a sustainable business–while planning for the unexpected. Starting a firm requires a plan on how to hire the right staff and acquire revenue-producing business. You…
Read More“Democracy is messy, and it’s hard” said Robert Kennedy, Jr. about the political landscape. Current trends in the built environment may doubly merit that observation. In a democracy where everyone has a vote and a say on a wide variety of issues, decision-making can get complicated. In a very similar way, technology is democratizing how…
Read MoreWhile the conventional wisdom around blockchain is that it’s a technology only affecting financial markets, design and construction stakeholders ought to pay attention to new developments, too. If you don’t, you risk falling behind on an important trend that potentially presents a competitive challenge for your firm. You also risk missing the opportunity the technology…
Read MoreA webinar, Virtual Architectural Practice—An Alternate Reality, presented by the AIA Trust in partnership with the AIA Practice Management Knowledge Community, showcased current virtual practitioners, a legal expert, and an insurance expert who shared their insights in a 90-minute session. The webinar was designed to help you understand the many benefits of a virtual practice…
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With everyone busier than ever, most of us are seeking a balance between our work and our personal lives. Technology now enables extensive communications and thereby opportunities that didn’t exist years ago. Nearly every practicing architect engages in some form of “virtual practice” today because responsibilities require it. So, is an entirely virtual practice now…
Read MoreCondominium 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 MoreThe 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…
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