Quick Risk Review

As a risk management resource for AIA Members, the AIA Trust develops risk reports on topics of critical and evolving risks for architects. If you don’t have time to read the risk reports, new synopses give you the important facts. Check them out now—so you stay out in front of critical risks.

Some of these risks you may be aware of—and some may never have crossed your mind. Some of these risks you may be aware of—and some may never have crossed your mind—like the risks inherent in dealing with the ADA, BIM, contractor terminations, design/build teams, electronic data, ownership transition, and payment issues—to name only some of them. Either way, it’s important to recognize them so you can at best avoid them and at the least, manage them effectively.

Read the synopses—and consult the risk reports for more details as needed.

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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.

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…