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2023 Trends in Professional Liability Insurance

The AIA Trust together with the American Council of Engineering Companies (ACEC) and the National Society for Professional Engineers (NSPE) work annually to conduct an insurance carrier review and interview of professional liability trends and risk management issues.  The following are some highlights for 2023 as well as complimentary useful resources made available to you by the AIA Trust.

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Contractual and professional exposures when considering design-build

On most design-build projects, architects provide their services through a design-build entity—rarely do they lead the process. The design-build method changes the role of the architecture firm, modifies its duty of loyalty, and challenges the firm’s responsibility for the adequacy of the design. In the hundreds of design-builder/architect contracts reviewed by Victor Insurance Managers for…

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Closing a Retirement Income Gap

When you determine how much income you’ll need in retirement, you may base your projection on the type of lifestyle you plan to have and when you want to retire. However, as you grow closer to retirement, you may discover that your income won’t be enough to meet your needs. If you find yourself in…

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Avoiding fee disputes

Architecture firms should take the time to establish meaningful fee collection practices so that they can remain financially solvent. Avoiding fee disputes with clients helps maintain positive working relationships while safeguarding the ability to provide services on future projects, including those of existing clients. Timely collection of fees is essential since architecture firms do not…

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Do you know? Virtually everything can go wrong!

Welcome to the “new normal” – a seemingly alternate universe where working in an office has become burdensome and employers and employees alike are often at odds as to what a work-life balance looks like.  As if the practice of architecture wasn’t complicated enough, our post-pandemic reality challenges firms to adjust to a remote workforce…

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Meet our 2024 Chair

Passionate in his pursuit of continuous engagement and advocacy for design and the profession, Jeff Yrazabal, AIA is leading the AIA Trust into 2024 as Chair. AIA has proven to be a steadfast way to harness this passion with other roles through the years which include past Co-Chair of AIA Portland COTE, President of AIA…

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