Where Smart Architects Manage Risk ®
As the premier risk management resource for AIA members, the AIA Trust focused its 2017 efforts on enhancing its library of online practice resources and launching several new programs—all available 24/7 on the AIA Trust website to assist members with their practices. The AIA Trust website is organized by career stages to make it easy for AIA members to find pertinent benefits and resources no matter where they are in their careers.
- Developed the new AIA Trust Guide to Virtual Practice—a treasure-trove of invaluable pointers and considerations for this burgeoning approach to architectural practice, highlighting the many requirements and questions to consider when starting or working in a virtual practice.
- Cyber webinar held and published on the AIA Trust website to help members learn how to avoid the professional and business liability implications of this increasing digital threat.
- Published 15 synopses about evolving risks to make it easy for members to acquaint themselves with new risks and how to manage them—and to reference AIA Trust white papers for details.
- New series of “practice guides” about emerging risks published to AIA Trust website, including An Architect’s Guide to Using Drones, An Architect’s Guide to Buying Cyber Liability Coverage, and An Architect’s Guide to Virtual Practice.
- Published over a dozen new articles online about risk issues for firms, including pro bono work, small firm management tips, in-house quality control programs, employee benefit issues, employee risk management training, employee onboarding, materials transparency, copyright law issues, and more.
- The new HR Outsourcing, or Professional Employer Organization (PEO) Program, Xcel HR, was launched to handle burdensome HR responsibilities for members—as requested in the last member needs survey. The new program offers a significant discount and valuable extra benefits to AIA members through customized services proposals.
- Produced the first-ever AIA Trust video for the AIA Trust website and presentations, to give members and components a broad overview of the many benefits, programs, and resources developed and made available to them on the AIA Trust website.
- A new term life insurance program negotiated with highly competitive rates was offered to AIA members through New York Life Insurance Company.
AIA Trust & The AIA
To familiarize AIA members and components with the many benefits and resources available to them through the AIA Trust, it works in partnership with the AIA, sponsoring many programs and events. The 2017 collaborative ventures include:
- Now in its 18th year, the AIA Trust-CNA/Schinnerer Component Grants program awarded $15,000 directly to AIA Components—and now topping more than $287,000 in total grant awards! The 2017 program grant winners were AIA Austin, AIA Chicago, AIA San Mateo, AIA Detroit, and AIA Rochester.
- 2017 Grassroots awards luncheon in Washington, sponsored in conjunction with CNA/Schinnerer.
- CACE Annual Meeting in Portland, presenting the new AIA Trust video to overview the expanded free risk management resources and benefit programs offered to AIA members and components, sponsored in conjunction with CNA/Schinnerer.
- Small Firm Exchange collaboration including sponsorship of the AIA Conference lounge hosting six mini-educational sessions about technology issues facing small firms, how to streamline small firm management, managing sustainable design and materials transparency, residential design and how to avoid claims, top 10 contract issues that get every architect into trouble, and retirement challenges. In addition, the AIA Trust sponsored the SFx regional representatives meeting, and provided regular Scan newsletter contributions .
- Knowledge Leadership Assembly (KLA) Conference roundtables about AIA Trust programs and resources with a link to the new AIA Trust video.
- Practice Management Knowledge Community (PMKC) Digest and email sponsorship, contributing articles and information on a variety of risk management topics. In addition, participated in a joint presentation at the Chicago Architecture Biennial and social media collaboration.
- The A’17 AIA convention exhibit about the wide variety of risk management resources available free on the AIA Trust website, offering seated massage and free gifts along with benefit program information for members.
- Offer of guaranteed issue $15,000 life insurance policy to all new architect members with premiums paid for by the AIA Trust for the first full year and six months free of LegaLine to serve as a Practice Coach to first-time members.
- The AIA Trust quarterly electronic newsletter, Managing Your Risks, providing timely insights and tips on practice issues to AIA members who manage firms. Articles are organized by topic, accessible on the website for future reference and for AIA component reprint. Members can sign up for free online!
- 2017 AIA Strategic Council luncheon, sponsored in conjunction with CNA/Schinnerer.
About the AIA Trust
The AIA Trust may have started as the purveyor of insurance and retirement benefit programs for AIA members. However, it has now become the premier risk management resource for AIA members.
The AIA Trust is one of the largest enterprises allied with The American Institute of Architects and currently maintains more than 10,000 policies and plans––many serving additional members within firms and member families, with a dollar volume of more than $100 million managed by AIA Trust providers. The AIA Trust operates on a break-even basis, using no AIA dues dollars and reimbursing the AIA for all overhead costs. The net of operating expenses is frequently invested in AIA Member and Component activities and benefits, including the development of practice resources. For a complete listing of all AIA Trust practice resources, click here.
The AIA Trust was established 65 years ago to provide quality benefits to AIA Members. It was formed as a separate entity from the AIA due to IRS regulations governing ERISA trusts. The Trustees, who are AIA members and one component executive, along with the Executive Director, work with independent consultants to evaluate new and ongoing programs to ensure the best available plans are offered to members and components. The AIA Trust negotiates and monitors these agreements and serves as a member advocate. For a complete listing of all AIA Trust programs, click here.
Kirsten R. Murray, FAIA, Chair
John Rogers, FAIA, Chair-elect
Stephan Castellanos, FAIA, Secretary-Treasurer
Diane Harp Jones, Hon. AIA, Trustee
Thomas Bradley Benjamin, AIA, Trustee
Terrence O’Neal, FAIA, Trustee
Anne Marie Decker, Trustee
Ann Casso, Hon AIA, Executive Director
STATEMENT OF PURPOSE
It shall be the purpose and the policy of The AIA Trust to develop and make available at the greatest possible value, insurance and benefit programs for members and components of the American Institute of Architects; and to serve as a risk management resource for the practice of architecture in cooperation with the Institute.
GOALS OF THE AIA TRUST
- Identify & address current and future AIA member and component needs for benefit programs.
- Offer risk management tools to enhance members’ architecture practices.
- Be recognized as a valuable risk management resource and benefits provider within the Institute.
- Remain financially stable.
AIA TRUST 2018 PLANS
- Continue to expand the online library of risk management resources for AIA members.
Working with member knowledge communities, the AIA Risk Management Committee, the new Center for Practice, and other member groups, the AIA Trust continues to identify ways to strategically meet members’ risk management needs, developing and offering webinars, guides, articles, and other resources.
- Emphasize member value.
Working with outside expert-consultants, the AIA Trust evaluates marketplace opportunities and current program offerings to ensure the highest level quality and responsiveness to members.
- Emphasize member service.
Working with its program providers, the AIA Trust identifies program enhancements to assist members in their practices by addressing member needs promptly and accurately.