For every project that an architectural firm undertakes, the greatest probability of an unfavorable outcome is that the firm will not be properly compensated for the services performed and the value it added to the project for the client. On international projects, there is also the risk that the firm will not be able to […]
The Quarterly eNewsletter of The AIA Trust —January 2018
Offering a 401(k) retirement plan for your practice to participate in is a great benefit. Getting your employees to appreciate and take advantage of this benefit is often a challenge. However, a retirement plan with engaged, informed and participating employees is a successful retirement plan.
Why buy life insurance? Life insurance is a smart decision for a number of reasons—not only as a financial tool to protect loved ones but also as a sound financial investment and planning tool.
Most people accumulate many possessions over the years. In the case of a loss or theft, this makes having a home inventory essential. You never know when disaster might strike—within minutes, cherished or valuable goods could be ruined. Keeping an archive of your belongings will accelerate the process of replacing damaged property. It will also […]
The AIA Trust just launched a brand new health coverage benefit for AIA members! At the beginning of 2014, the newest and largest phase of the Affordable Care Act (ACA) emerged, raising specific issues that affect everyone, especially those who are self-employed and those with a small staff. The new service offered to AIA members—just in […]
When a claim is brought against an architectural firm alleging that an injury or death was caused by the firm’s negligence, the firm suffers its own kind of trauma. Bodily injury cases invariably cause internal strife and force the firm to question its services. Often, a firm feels singled out for punishment, abused by the […]
Starting your own firm is a challenge; structuring it to survive is a formidable task. Architects contemplating starting their own professional practices as well as those who have created their firms recently need to know the practical, professional, ethical, legal, and insurance issues that a new firm faces. You can now learn what you need to […]
Of course not. No one plans an accident and while it is not plausible to presume one can escape an accident, it is entirely possible to prepare for it. Most people don’t understand the importance of having accident insurance. While auto insurance helps in the event of an accident, it may not cover all the […]