article thumbnail

Do Small Firm Architects Need Professional Liability Insurance?

EntreArchitect

Professional Liability Insurance for Architects. We must be diligent and we must limit our exposure to action with a comprehensive professional liability insurance policy. I am not a big fan of insurance… or any other expense where I don’t see an annual return on my investment. Perfection is Impossible.

article thumbnail

Contract Documentsfor Small Firm Architects

EntreArchitect

It may be the most important step in the entire process of acquiring a new architecture client. Send your client an overwhelmingly comprehensive legal agreement intended for large projects and it may end up on an attorney’s desk waiting for review and revision (or in many cases, a complete re-write). Make it “client friendly”.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

My 5 Rules for Developing Contract Documents for Small Firm Architects

EntreArchitect

It may be the most critical step in the entire process of acquiring a new architecture client. We may have perfected our marketing, developed a strong reputation, executed a flawless sales process and have received our prospective client’s eager authorization to proceed with a new project. Make it “client friendly”.

article thumbnail

How to Make More Money as a Small Firm Architect

EntreArchitect

Like any small business, architects must pay the typical operating expenses required to remain buoyant, such as utilities, professional service fees, consultants’ fees, insurances and several other overhead expenditures. Most sole proprietors and small firms I know, struggle to meet the minimum requirements of operation.

article thumbnail

7 Reasons Why Small Firm Architects Should NOT Abandon the AIA

EntreArchitect

We’re spending only what needs to be spent to build a stronger firm… and much sacrifice remains. Small Firm Architects Are Saying Good Bye to the AIA. Compared to payroll, rent, health insurance and auto expenses, my AIA membership is less than a single blip on the radar. AIA Small Firms Resource Center.

article thumbnail

Entrepreneur Architect Academy 011 | Professional Liability Insurance: The Risk and Reward

EntreArchitect

We must be diligent and we must limit our exposure to action with a comprehensive professional liability insurance policy. I am not a big fan of insurance… or any other expense where I don’t see an annual return on my investment. As a profession, we need to work to find ways to reduce the cost of insurance.

article thumbnail

How To Develop An Owner/Architect Agreement That Works for Your Architecture Firm

EntreArchitect

. It may be the most critical step in the entire process of acquiring a new architecture client. We may have perfected our marketing, developed a strong reputation, executed a flawless sales process and have received our prospective client’s eager authorization to proceed with a new project. It’s your agreement… with your client.