2016: Where Smart Architects Manage Risk
As the premier risk management resource for AIA members, the AIA Trust focused its 2016 efforts on enhancing its library of online practice resources and benefits. Numerous resources continue to be developed and added, including webinars, white papers, an A/E attorney database, and other educational materials. All are 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.
New! AIA Trust Practice Resources
- Launched AIA Trust Legal Network to offer AIA members and their firms an easy way to identify qualified A/E Construction Lawyers to help in handling a pending claim or another A/E legal matter.
- Added Legal Network section on “tips” for architects working with attorneys and going to court.
- Published three new white papers about critical risks – including digital risks such as BIM, the risks inherent in design-build teams, and contractor termination lawsuits and how to avoid them.
- Sponsored AIA Trust seminar at 2016 convention, Worth Its Weight in Gold: Effective Documentation at Light Speed.
- AIA Trust Webinars were conducted and added to the AIA Trust website including one about copyright law for continuing education credit and a new overview of AIA Trust benefits and resources.
- “Key person” life insurance information added to AIA Trust website to increase member understanding about this important coverage.
New! AIA Trust Member Benefit Programs
- Launched a new Cyber Liability Insurance to address emerging coverage gaps as a result of increased reliance on technology and electronic data in design firms.
- Launched a new HR Outsourcing, or Professional Employer Organization (PEO) Program, Xcel HR, to handle the often burdensome HR responsibilities for members – as requested in the recent member needs survey. The new program offers a significant discount and valuable extra benefits to AIA members through customized services proposals.
- Launched a new term life insurance program with dramatically improved and highly competitive rates for AIA members through New York Life Insurance Company.
- Launching a new travel assistance program with special member pricing for 24/7 global emergency services anywhere in the world while traveling on business or pleasure.
- Launching a new individual short term disability plan that includes maternity coverage in response to member requests.
- Implemented a new online shopping portal to make it easier for members to apply for multiple programs – and a new online account management function for members to review their plans.
The AIA Trust and the AIA
To acquaint AIA members and components with the many member benefits and resources available to them through the AIA Trust, the Trust works in partnership with the AIA, sponsoring many programs and events. The 2016 collaborative ventures include:
- In its 17th year, the AIA Trust-CNA/Schinnerer Component Grants program awarding nearly $15,000 directly to AIA Components – and now topping more than $270,000 in total grant awards! The 2016 program grant winners are: AIA Kansas, AIA Newark & Suburban, AIA Columbus, AIA Memphis, AIA Washington DC, and AIA California Council.
- 2016 Grassroots awards luncheon in Detroit, sponsored in conjunction with CNA/Schinnerer.
- 2016 AIA Strategic Council luncheon, sponsored in conjunction with CNA/Schinnerer.
- CACE Annual Meeting in Louisville, presenting the new AIA Trust website and an overview of the expanded free risk management resources and benefit programs offered to AIA members and components, sponsored in conjunction with CNA/Schinnerer.
- Small Firm Exchange app, AIA Kinetic, continued for the last several years, along with sponsorship of their new AIA National Convention lounge providing five mini-educational sessions about professional liability and cyber liability coverage, avoiding legal dilemmas, effective management strategies, and employee benefits.
- The YAF Connection sponsorship of the Young Architect’s Forum email newsletter sent to young member architects including articles on current risk management topics and employee benefits.
- Knowledge Leadership Assembly (KLA) Conference sponsorship, with a presentation about AIA Trust programs and resources.
- Practice Management Knowledge Community (PMKC) Digest sponsorship including an article about Intellectual Property Rights on what architects should do to protect themselves.
- The AIA National Convention exhibit promoting the wide variety of free risk management resources available on the 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.
- 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.
- College of Fellows Tournament sponsorship for Latrobe Scholarship.
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 nearly 12,000 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 more than 60 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.
Jamie Aycock, AIA, Chair
Kirsten R. Murray, FAIA, Chair-elect
John Rogers, FAIA, Secretary-Treasurer
Diane Harp Jones, Component Executive, Trustee
Stephan Castellanos, FAIA, Trustee
Thomas Bradley Benjamin, AIA, Trustee
Terrence O’Neal, FAIA, Trustee
Ann Casso, Hon AIA, Executive Director
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 member and component needs for risk management programs and benefits.
- Provide risk management tools to enhance members’ architecture practice.
- Serve as the indispensable insurance and benefits resource for AIA members and components.
- Be recognized as a valuable risk management resource and benefits provider within the Institute.
- Remain financially stable.
AIA TRUST 2017 PLANS
- Continue to expand the repertoire of risk management resources for AIA members. The AIA Trust continues to develop valuable new risk management resources for to AIA members and looks forward to working with member knowledge communities, the AIA Risk Management Committee, and the new Center for Practice to develop ways to strategically meet members’ needs. New webinars and other resources will be developed, including risk management guides, alerts, and briefs.
- Emphasize programs of value. Working with outside expert-consultants, the AIA Trust continually evaluates marketplace opportunities and current program providers to ensure their responsiveness to members and quality products.
- Emphasize Member Service. Working with its program providers, the AIA Trust will continue to identify improvements and resources to assist members in their practices and ensure that member needs are addressed as promptly and accurately as possible.