In today’s world, risk is everywhere, and insurance plays a vital role safeguarding architects from the risks they face. It’s one of the keys to a comprehensive risk management strategy, providing peace of mind and protecting an architect’s business and reputation. While many architects know they have risks and need insurance, that’s only one part [...]
Architects are often held in high esteem by new potential clients, who understand that professional design entails a high degree of skill in science, art and technology. Yet for many clients, that’s where the understanding ends. Without consistent attention to good communication during the design process, misunderstandings can creep in, leading to hard feelings and, [...]
When it’s practiced consistently, good client screening can reduce the risk of taking on a problem client or working on a project outside your firm’s areas of expertise. No architect, engineer or other design professional wants to get bogged down chasing unpaid bills or trying to attend to the needs of a high-maintenance client. With [...]
Architecture firms oversee the transfer of large sums of money for projects. That makes you a prime target for wire transfer fraud. Here’s what to know about the threat and the best practices for wire transfer safety. What Is Wire Transfer Fraud? When a criminal inserts themselves into a transaction involving the transfer of a [...]
Many think of October as a month for cooling weather, spooky decorations and trick-or-treaters. But for an architecture firm, it’s also a great time to think about cybersecurity. Since 2004, October has been celebrated nationally as Cybersecurity Awareness Month, a time when government and industry leaders come together to address the risks posed by cyber [...]
Architects, engineers and contractors are all vulnerable to lawsuits. Stakes are high and a lot can go wrong. When it does, the design professional is often blamed. Here’s a look at seven notable projects that resulted in architecture lawsuits, plus what can be learned from them and how to protect yourself. Frank and Berta Gehry [...]
The Risk of Wage and Hour Laws for Architects Architects and architectural firms are becoming increasingly aware of wage and hour claims, which are among the most typical legal challenges they may confront in their careers. These allegations are dangerous because employers must guarantee that they are following federal, state and even municipal laws. Employers [...]
Architecture firms oversee the transfer of large sums of money for projects. That makes you a prime target for funds transfer fraud. Here are the best practices for wire transfer safety. Wire Fraud Risks When a criminal inserts themselves into a transaction involving the transfer of large sums of money, it’s called fraud. When they [...]
Architecture clients can be difficult in more ways than one. From the indecisive client to the one worried about the budget or obsessed with the timeline, many design professionals have seen it all. The issue of difficult clients is such a common experience that ArchDaily has featured a humorous cartoon on the topic: 15 Clients [...]
As a design professional, finding the right insurance coverage can be daunting. The idea behind professional liability insurance seems simple enough. Yet you will quickly find that architect insurance rates can vary from provider to provider. To add to the confusion, just because a policy is more or less expensive doesn’t necessarily mean it is [...]