If you’re relatively new to practice, you may think that you can deal with retirement planning much later. But it takes years to accumulate the savings you’ll need for an ideal retirement. It’s well worth spending time now to strategize how you’ll get from here to there – even if retirement is many years in…
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Incorporating Climate Action into Your Practice for Triple Bottom Line Impact
Architects have an unprecedented opportunity to be part of creating a safer and more sustainable world for generations to come by designing to mitigate greenhouse gas emissions and adapt to changing conditions. AIA’s Climate Action Plan outlines a plan for how firms can address this challenge. Climate action is not only an imperative—it is an opportunity.…
Read MoreEmbodied Carbon Reduction in the Built Environment
Earlier this year, the US passed the Inflation Reduction Act of 2022, with $369 billion in funding intended to cut climate pollution in half by 2030 (from 2005 levels). The private sector is also embracing capital-allocation strategies that take environmental, social, and governance (ESG) issues into account with their business practices. Over the next few…
Read MorePlanning for the New Year? Here are 6 key things to help get your financial and life plans on track
In 2023, we will continue to face challenges like higher inflation, higher interest rates and potential recession. While there’s not much we can do to influence the global macroeconomic and geopolitical picture, there are plenty of ways to ensure our own finances are robust enough to deal with whatever the next 12 months throws at…
Read MoreSmall Firm Solutions: What to Do About Employee Benefits Post Pandemic
Employee benefits are often defined as compensation paid by an employer to an employee over and above regular salary and wages. Employee benefits come in many shapes and sizes and are an integral part of an overall compensation package offered to employees. Employee benefits are essential in keeping current employees happy and loyal and have…
Read MoreProfessional Liability Insurance: 2022 Trends
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. Following is a summary of highlights for 2022 in addition to complimentary useful resources made available to…
Read MoreIssues of Jobsite Safety: Do you know?
Jobsite safety is more than just an issue for the general contractor and OSHA can impose safety obligations on all “employers” whose employees are present on the jobsite. Read on to learn some things that you may not have considered from the expert legal professionals at Practice Coach:
Read MoreProfessional liability: Sharing risks with humans, not technology
Professional liability underwriters and risk managers are often asked how risk and professional liability changes for design firms using advanced digital technologies (such as generative design, DfMA (Design for Manufacturing & Assembly), VR/AR, BIM, Digital Twins, etc.). The simplest answer is that humans manage all technologies and the liability question and associated risks stop right…
Read MoreThe Effect of Economic Conditions on Insurance Rates
In today’s environment, when material prices are unpredictable, inflation is rising, claims are increasing, and disputes take much longer to resolve, that prediction of the cost of future claims becomes more uncertain. Learn how construction-related professional service firms may face certain future exposures, and how insurers must anticipate and prepare for losses from those exposures.
Read MoreBenefits in mind for 2023? Meet Kasa.
Providing employee health benefits doesn’t have to be unattainable. Kasa offers employee benefits solutions for just about every budget out there. Meet Kasa and register for their upcoming webinar.
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