Note: The AIA Trust is pleased to provide these updates annually. The below information was reviewed and edited in 2023 to prepare firms for 2024. What Happened to the Small Employer Insurance Market? As the cost of providing medical care increased in the mid-eighties, employers and insurers tried a variety of tactics to slow it…
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AI in Architecture: Historical insights & questions answered
In 2005, my grandmother passed away at the age of 99. Looking at how artificial intelligence (AI) impacts society, I cannot help but reflect on the significant changes I have seen in a lifetime compared to what my grandmother must have lived through.
Read MoreWhy Should Architectural Firms Consider Selling to an ESOP?
By: Steven Greenapple, SES ESOP Strategies, a Stevens & Lee Company When contemplating a sale of their business, the owners of a Company have several alternatives to consider. They can (1) sell to a financial investor (private equity or family office); (2) sell to a strategic investor (another business who wants to expand into the…
Read MoreQuestions from Members – LegaLine in Action!
During AIA Trust Week, one of the webinars shone a spotlight on LegaLine, a legal information hotline specially tailored to respond to the needs of small firms and sole proprietors managing an architectural practice.
Read MoreSaving for Retirement and a Child’s Education at the Same Time
You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? The truth is, saving for your retirement and your child’s education at the same time can be a challenge. But take heart–you may be able to reach both goals…
Read MoreThe Importance of Employee Benefits for Small Business
For small-business owners, the importance of employee benefits is a significant factor when it comes to attracting and retaining talent. The majority of workers prefer attractive types of employee benefits—like insurance, paid time off, and a retirement plan—more than pay raises. Whether you’re competing for talent or keeping the high performers you already have, small-business…
Read MoreThe Future Blueprint: ESG in the Design and Construction Industry
If you believe that ESG and sustainable design are synonymous, you’re not alone. Diving deeper into their intricate nuances, we discover that ESG and sustainable design, while intertwined in essence, stem from different branches of our modern vocabulary. The confusion is indeed a matter of nomenclature and context.
Read MoreHow do you plan to retire?
As an architect, you know that starting with a comprehensive plan and building a good foundation is essential for success. You would never begin a project without a blueprint and process in place – but that’s exactly what many architects do when it comes to retirement planning. Many architects don’t know where to begin their…
Read MoreESOPs Fable: an overview of what an ESOP is and what should be considered
The Fable A sheepdog getting to the end of her prime working years, was told by the farmer that her final task was to select an appropriate replacement. So, early the next morning, she began her search of the farm for a suitable heir to her position.
Read MoreNavigating the Risks and Exposures of Artificial Intelligence: Essential Insurance Coverage for AI-Related Claims
Artificial intelligence is transforming industries and streamlining processes at a dizzying pace. There’s a lot we don’t understand about AI, including the risks and exposures inherent in incorporating AI into our businesses and lives.
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