The Affordable Care Act (ACA) was signed into law on March 23, 2010. Most health insurance plans in effect on that date were eligible for “Grandfather” status and as such, they do not have to meet all of the requirements of the ACA. Do You Have a “Grandfathered” Plan? Grandfathered Plans are employer-provided health plans…
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HR 3590: Patient Protection & Affordable Care Act
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. This review has been prepared for the AIA Trust as an aid to AIA Members in understanding the requirements and impact of the 2010 health care reform legislation. The health…
Read MoreHealth Savings Accounts (HSAs) & how they work
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 is a Health Savings Account (HSA)? An HSA is a special bank account owned by an individual where contributions to the account are used to pay for current and…
Read MoreHealth Insurance for Employee Architects
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. It is critically important that all architects have health insurance coverage for themselves and their families. Often younger people believe they are in good health and since health insurance…
Read MoreNational Healthcare Reform Resources
The Patient Protection and Affordable Care Act (or ACA) continues to raise numerous questions for firm owners and employees alike. The AIA Trust has assembled numerous resources to help answer your questions, including information about grandfathered plans, Health Savings Accounts, and employee architect options. The AIA Trust will continue to update and add resources as…
Read MoreAn Architect’s Guide to Buying Cyber Liability Coverage
Cyber Liability has become a hot topic due to high profile cyberattacks. Increasing awareness has fueled demand for cyber liability insurance and the number of insurance carriers writing coverage has increased. Since there is no standardized policy form, comparing the policy forms to identify key coverage differences is important for the architect to make an…
Read MoreUnderstanding Property Insurance
Design firms should understand the need for proper insurance to cover the loss or damage to their firm’s real and business personal property. This publication is for general information only. It is not legal advice and should not be construed to define the coverage of the Victor and CNA property insurance policy. Consultation with local…
Read MoreUnderstanding Commercial General Liability
Commercial General Liability (CGL) insurance is an important coverage for any business. Understanding this coverage is an important first step in managing CGL risks. This publication is for general information only. It is not legal advice and should not be construed to define the coverage of the Victor and CNA commercial general liability insurance policy.…
Read MoreBusiness Owners Insurance: FAQs
This FAQ on Business Owners Insurance (BOP) will answer pressing questions such as: What is Business Owners Insurance? Who is eligible for property and casualty coverage? What is the minimum premium for BOP policies? And more
Read MoreHow Effective Risk Management Training Can Address Potential Indicators of Risk
When weighing the risks of design and construction professionals, professional liability underwriters typically look at indicators such as a firm’s size, billings, geographic location, clients, professional services provided, and project types. Actuaries collect data on these claims indicators that help predict a firm’s risk exposure. Victor conducted a study to determine what additional factors, besides…
Read MoreHow Effective Risk Management Training Can Address Potential Indicators of Risk
