We received many excellent program proposals for this year’s AIA Trust Component Grant Program making recipient selection rather difficult! These annual awards are made possible by Victor and CNA, providers of the AIA Trust Professional Liability, Business Owners, and Cyber Liability Insurance programs and this is the 18th year in which five components were…
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If not you then who? The architect’s role in addressing climate risks
Introduction The architecture and design industry is at a critical juncture. Climate change poses escalating risks to the built environment and the people who occupy it, prompting the need for immediate, proactive, industry-wide action.
Read More2023 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.
Read MoreAs AI use grows, architects should consider risks, rewards, and related liabilities
Nearly everyone agrees that artificial intelligence, or AI, could potentially change the world. But there’s still a good deal of uncertainty around how, why, and when this might happen. That uncertainty stretches into architecture, where many firms are grappling with AI’s capabilities and the accompanying risks.
Read MoreContractual and professional exposures when considering design-build
On most design-build projects, architects provide their services through a design-build entity—rarely do they lead the process. The design-build method changes the role of the architecture firm, modifies its duty of loyalty, and challenges the firm’s responsibility for the adequacy of the design. In the hundreds of design-builder/architect contracts reviewed by Victor Insurance Managers for…
Read MoreClosing a Retirement Income Gap
When you determine how much income you’ll need in retirement, you may base your projection on the type of lifestyle you plan to have and when you want to retire. However, as you grow closer to retirement, you may discover that your income won’t be enough to meet your needs. If you find yourself in…
Read MoreDental: Let retirement begin with a healthy smile
Your smile is the first thing that someone sees! The right dental insurance keeps your mouth healthy and saves1 on care, whether now or down the road. And your mouth health can impact your overall health, including your heart and respiratory system.2
Read MoreAvoiding 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…
Read MoreFour ways life insurance protects the people you love
You might be surprised how The AIA Trust life insurance coverage from New York Life Insurance Company can provide for you and your family.
Read MoreMaximize your savings through retirement planning
For architects, establishing a retirement plan for yourself and possibly for your firm, as well, is one of the most important actions you can take. If you have already done so, you are on the road to building a more secure retirement for yourself and your employees.
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