Any professional practice includes risk. How a firm handles that risk is critical to its profitability, and essential to its viability. According to Victor O. Schinnerer & Company, Inc., which manages the AIA Trust-sponsored CNA professional liability insurance program, four techniques are paramount to a firm to pursuing its preferred future.
The Quarterly eNewsletter of The AIA Trust —April, 2016
Now that tax season is over, it is an ideal time to take a closer look at your financial structure and tidy up where needed. Here is an easy way to help you get on track for your future.
The AIA Trust has just published two new white papers to their website, one exploring the risks associated with contractor terminations and the other about the risks associated with design/build teams.
Spring is a great time to make a green resolution: recycling. If you aren’t currently recycling at your home and office, take this opportunity to consider how many resources are saved and what a hugely positive impact recycling makes—and take the necessary steps to get involved.
First off, do you even need life insurance? If anyone currently relies on you financially, you should have life insurance.
Would you like to minimize costly and destructive problems for little more than a dollar a day? When you’re a subscriber to the AIA Trust LegaLine service, their experts can provide you with information to help negotiate and interpret contracts, manage risks and prevent lawsuits, improve client communication, resolve or mitigate disputes with clients, employees, […]
In order to better understand how the insurance carriers attempt to meet the professional liability insurance and risk management needs of design professionals, the AIA, the AIA Trust, the American Council of Engineering Companies (ACEC), and the National Society of Professional Engineers (NSPE) conduct an annual survey and interviews of insurance carriers.
Recently, there have been disputes and judicial decisions addressing the responsibility of architecture firms to understand the composition, performance, and availability of specified products, materials, and systems. In most cases, absent an affirmative statement by the architecture firm that it will determine the attributes of components specified for a design, courts have not unreasonably extended […]
A one-hour webinar sponsored by the AIA Trust in conjunction with Victor O. Schinnerer & Co. will be held on February 10, 2016 at 1 PM eastern to address how architecture firms should handle the complexity of their employment conditions and practices. Participants will earn one AIA Continuing Education Credit.
Sometime around the age of 50 or thereafter, we start to think more seriously about retirement. After all, the kids (if we have them) are out of the house or relatively self-sufficient, we’re at the peak earning stage of our careers, and thoughts of soon having time for whatever we please are becoming more and […]