Newsletters

Firm Management Strategies

The AIA Trust recently published a paper titled “Firm Management Strategies” based on interviews with various sized firms from around the country about how they have managed through various catastrophes and endured—often emerging stronger than before. The paper examines some of the similarities and differences between managing a firm during the Great Recession that began…

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BOP’in Along in the New Economy

Those in the architecture community often equate risk with professional liability. Because of state licensing laws and the general legal treatment of professionals, liability in the performance of professional services is a significant risk. When failure to meet the standard of care for professional services harms a project stakeholder or results in injury to the…

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Choosing the Right Retirement Plan for Your Firm

Most architectural firm owners and managers must address critical priorities in addition to the business of architecture. These include managing taxes, attracting and rewarding valued employees, and establishing a long-term strategy to ensure their own financial security. Fortunately, as a firm owner, you have an option that could help to address all those goals: sponsoring…

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We Want Your Input!

To guide the development of future AIA Trust risk management-related member benefits and resources, AIA members are invited to complete a quick survey. As the premier risk management resource for AIA members and their firms, the AIA Trust is now strategically exploring how we continue to offer AIA members valuable practice resources and member benefit…

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Traveling with Your Pets

Summer is here and nothing helps to shake off winter’s icy chill like a relaxing weekend away with your favorite furry friend! Taking your pet on a trip can be an unforgettable experience. Road Travel Before hitting the road, have your dog burn off some energy with a brisk walk around the block or a…

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Upcoming Webinars

Be sure to register for these invaluable upcoming AIA Trust webinars on critical risk topics—free to AIA members. Retirement Risks & Reality September 16, 2021; 12PM–1PM ET Participants will learn ways to calculate future retirement needs, decisions to make when funding a firm’s retirement plan, how to select the appropriate retirement plan for one’s firm…

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Hurricane Preparedness Checklist

Hurricanes are unwelcome anywhere, but it’s crucial to prepare for the worst before a storm is threatening your region. Early preparedness is the best way to get peace of mind and avoid major headaches following a storm—not to mention keeping you, your family, and your property safe and secure during a hurricane. The most important…

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Do You Know?

Do you know that when you design a building, you automatically own the copyright to not only your drawings and plans, but you also have a copyright to the design as well?     When you design a building, the copyright belongs to the person or persons who created the plans or design. Some project…

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AIA Trust Component Grant Awards

In 2021, 17 highly competitive component program funding requests were submitted for the AIA Trust Component Grant Program. The grants program is made possible by Victor and CNA, the providers of the AIA Trust Professional Liability Insurance, Business Owners, and Cyber Liability Insurance programs. Victor and CNA work with the AIA Trust to offer AIA…

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Tips for Launching a Successful New Practice

Architects describe the most important things they learned when beginning their firms, including where they got help. Starting your own firm is a challenge; structuring it to survive is a formidable task. If you’re considering developing your own practice, you likely have a wealth of experience and a drive toward entrepreneurship. What you’ll need to…

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Do you know which business type is right for you?

Do you know which business type is right for you?  States generally allow businesses to operate as sole proprietorships, partnerships, corporations, and limited liability companies (LLC), and some have variations on these basic business types such as professional corporations and limited liability partnerships. Each business type serves a specific purpose, situation, or concern relating to…

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Safe Driving at Night

By Katrina Brown Hunt It’s not just paranoia: Driving at night is actually more dangerous. According to the National Highway Traffic Safety Administration, fatal accidents are three times more likely at night compared with the daytime–but here are 12 tips that could help reduce your risk. The main reason that NHTSA finds driving at night is…

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Helpful Healthcare News

The Covid-19 stimulus bill or American Rescue Plan (ARP), signed into law in March 2021, contained a very important Affordable Care Act (ACA) expansion, relevant to AIA members. The ARP bill removes the income cap for federal premium subsidies for 2021 and 2022. This means that everyone is now eligible for a federal premium subsidy…

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Navigating Risk in Digital Practice

Two AIA Trust reports about digital practice risks have just been updated. The 2021 Guide to Cyber Liability Coverage by independent insurance expert, Insurance Buyers’ Council, Inc., will help you understand what you need to know about cyber liability coverage for your firm. The 2021 update of BIM Me Up, Scotty–Navigating Risk in Digital Practice,…

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Meet the 2021 AIA Trust Chair

Anne Marie Duvall Decker, FAIA, has become the 2021 AIA Trust Chair. Together with her partner, Roy Decker, FAIA, she founded Duvall Decker in Jackson, Mississippi, a firm that is a recognized for design excellence. Duvall Decker  is currently completing the Springdale Arkansas Municipal Complex, a Walton Family Foundation Design Excellence project and the New…

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New Health Plan Options for AIA Members

The AIA Trust has just formed a unique partnership with Pendella: a 50-state virtual insurance agency designed to support business owners and their employees with all their individual and employee benefits needs–including health insurance. With over 50 years of combined experience in insurance, human resources, and benefits administration technology, the Pendella team, complete with licensed…

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New Policy Expands Definition of Insured

For more than 60 years, the Victor and CNA professional liability program has maintained a solid and stable base policy while introducing innovative expansions of coverage. Just as the design and construction industry has evolved, so has their policy. The CNA policy has now expanded the definition of the term insured in a significant way…

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New Member Benefit: Save Money

We are pleased to announce that GEICO is now part of the special AIA member benefit offerings offered to you by the AIA Trust for members and component staff of the American Institute of Architects. With a track record of more than 75 years, GEICO now extends its low rates along with a special membership…

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And the Winner Is…

Much has happened in the five months since component leaders met together at the AIA Grassroots meeting in New Orleans and were encouraged to submit grant proposals for the 2020 AIA Trust-Victor & CNA Component Grants Program which offers financial support for component programs. At 2020 AIA Grassroots, few of us could have predicted that…

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July 2020 Healthcare Update

Presently, there’s not much new in the association healthcare arena. Unfortunately, there are no healthcare plans with association group pricing that would include the many sole proprietors and small firms that are AIA members. However, there are some important aspects of healthcare coverage for AIA members to keep in mind. The AIA Trust continues to…

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