With increasing frequency, architects and other design professionals are being asked (and in some cases, even required) to sign agreements in which they undertake to indemnify their clients against any loss that the clients may suffer in connection with projects for which the design professionals have provided services. In some cases, the indemnification clause is […]
The Quarterly eNewsletter of The AIA Trust —October 2018
All architects share the need for proper financial and retirement saving planning. For women architects, creating a sound financial and retirement plan is even more essential since issues like increased life expectancy, unforeseen changes in family structure, caring for aging parents, and the likelihood of outliving your spouse all present significant challenges for many female […]
Small firms are the most vulnerable to crises, disasters, and lawsuits. In fact, according to the US Chamber Institute for Legal Reform, more than 40 percent of small businesses were either involved in or threatened with a lawsuit due to A) administrative oversights or errors, B) undelivered services or C) poor quality of service, much […]
Today is an invigorating time to pursue best practices as they evolve to face challenges in the design professions. Architects in firms of all sizes are being inundated with ever expanding information and technologies to consider. How does one stay informed, engaged, and focused at the leading edge of best practices?
While there is not currently an association group plan nor customized health plan that the AIA Trust can offer to AIA members, there is some cause for optimism.
Assuring quality long term care for a loved one is far more complex than simply arranging for care and figuring out how to fund it. There are many legal and financial issues and obstacles that arise. While insurance is a key component to funding long term care, assuring quality care and dealing with the legal […]
A recent webinar, Virtual Architectural Practice—An Alternate Reality, presented by the AIA Trust in partnership with the AIA Practice Management Knowledge Community, showcased current virtual practitioners, a legal expert, and an insurance expert who shared their insights in a 90-minute session. The webinar was designed to help you understand the many benefits of a virtual […]
Every firm has a life-cycle. Professionals leave firms to practice individually or to join another firm; a firm might dissolve as a business entity or be acquired by or merge with another firm; or, firm owners may retire or be unable to continue providing professional services. These firm transitions require special protection, and they should […]