As an architect, you know that starting with a comprehensive plan and building a good foundation is essential for success. You would never begin a project without a blueprint and process in place – but that’s exactly what many architects do when it comes to retirement planning. Many architects don’t know where to begin their…
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Employee Benefits Life & Health
Life Insurance – A Big Expense?
How confident are you about your knowledge of life insurance? According to LIMRA’s Life Insurance Barometer Study, fewer than 1 in 3 consumers believe themselves to be very or extremely knowledgeable regarding Life Insurance.
Read MoreESOPs Fable: an overview of what an ESOP is and what should be considered
The Fable A sheepdog getting to the end of her prime working years, was told by the farmer that her final task was to select an appropriate replacement. So, early the next morning, she began her search of the farm for a suitable heir to her position.
Read MoreNavigating the Risks and Exposures of Artificial Intelligence: Essential Insurance Coverage for AI-Related Claims
Artificial intelligence is transforming industries and streamlining processes at a dizzying pace. There’s a lot we don’t understand about AI, including the risks and exposures inherent in incorporating AI into our businesses and lives.
Read MoreComponent Programs & Special Incentives Uncategorized
2023 AIA Trust Component Grants Program: And the recipients are . . .
Once again standards were exceptionally high across the many excellent proposals received for the 2023 AIA Trust Component Grants Program. Over the last 17 years, Victor Insurance Managers, the partner-provider of the AIA Trust Professional Liability, Business Owners, and Cyber Liability Insurance Programs, have funded over $350,000 in grant awards made directly to components through…
Read MoreAIA Trust: New & Upcoming FOR YOU!
The AIA Trust is always working for you to ensure that all the benefits we offer you and your firms as AIA members are the best they can be. We have some updates for you:
Read MoreMoonlighting and Volunteer Services
The Victor and CNA professional liability insurance program does not recommend specific language on “moonlighting.” That is because the situations vary so greatly. The key is for an architecture service firm to have a workable provision in an employee handbook. There are very few instances where an employer is held liable for the actions of…
Read MoreDo you know? Key Factors in Developing an Internal Risk Management Process
From choosing your client to closing a project, your firm can take measured steps towards managing its risk. While unpleasant, the terms “insurance” and “litigation” have taught us how to better protect design firms by minimizing claim potential, or at least to develop stronger defenses if claims cannot be avoided.
Read MoreSafeguarding What’s Most Important
Never Too Soon to Start
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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