For architects, establishing a retirement plan for yourself and your firm if you have employees is one of the most important actions you can take. Selecting the right kind of plan for yourself is also critical.
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What’s Next
We’re all trying to figure out what’s next. Whether you’re considering a career move, an investment, or a retirement plan, it’s important to identify alternatives and their potential results – and plan ahead. If you want to make a change – whether it’s heading to the door for a well-deserved retirement or advancing your career…
Read MoreInfrastructure Opportunity Knocks for Architecture Firms
The opportunity created by the federal stimulus packages passed since 2020 is undeniable, but the capacity to optimize this truly historic moment remains unclear. Firms can now find substantial opportunity in the Infrastructure Investment and Jobs Act of November 2021 – and business opportunities for those in the design and construction markets are enormous.
Read MoreAIA Climate Impact Survey
The rapidly changing climate is on everyone’s mind, whether the impact is felt with immediacy as severe weather in one’s own locality or the unease experienced from recent climate reports and increasing events that impact every place across the globe. The message for architects is becoming clearer every day – that the profession has a…
Read MoreWhy is Insurance Important for Architects?
This Q & A interview with Mike Murphy, a licensed agent and President and CMO for Hagan Insurance Group, the administrator of the AIA Trust insurance programs for architects, helps to answer your questions about life and disability insurance.
Read MoreHow to Budget for Retirement
As the pandemic continues, it’s not surprising that consumers are more anxious about achieving their retirement goals than they were pre-COVID. Nearly two-thirds state that they feel at least some concern over how they’ll maintain their lifestyle in retirement according to a 2020 Equitable Consumer Pulse Survey.
Read MoreDo You Know?
Do you know that most professional liability (PL) insurers offer a “pre-claim assistance” or “loss prevention” benefit to their PL policies? When you are confronted with a difficult situation on a project that has not risen to the level of a “claim” (i.e., no one has asked you for money or services to take care…
Read MoreClimate Impact on Professional Liability
AIA’s 2021-2025 Strategic Plan states that the mission of AIA is to “inspire and empower architects to improve society and transform the world.” A key tool to enabling architects to fulfill this mission is developing a better understanding of architect’s liability as the world changes around us. And professional liability is evolving due to climate…
Read MoreAvoiding Fee Disputes
With the passage of the $1.2 trillion infrastructure act, architecture firms across the board can anticipate more work in the next few years. While the prognosis for the industry is positive, 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…
Read More2021 Trends in Professional Liability Insurance
Together with the American Council of Engineering Companies, the National Society for Professional Engineers, and the American Institute of Architects, the AIA Trust participates in an annual insurance carrier interview and review of professional liability trends and risk management issues. Here’s a summary of the fall 2021 review.
Read More2021 Trends in Professional Liability Insurance
