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
To ensure your firm has the effective documentation needed to withstand future claims, attend the AIA Trust-sponsored session at the upcoming AIA National Convention in Philadelphia, Worth Its Weight in Gold: Effective Documentation at Light Speed.
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.
Since open enrollment for 2016 health insurance ends January 31st, now is the time to call or go online to receive a quote for your 2016 health insurance plan and rates. The AIA Trust Health Insurance Exchange will help you to calculate your premium subsidy in seconds (if you qualify), shop top-rated carriers across the […]
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 […]