When your application form is received by your insurance company, underwriters and actuaries look at a number of factors to assess your firm’s potential risk, including your firm’s size, billings, location, clients, services provided, and project types. A study was conducted in 2011 to determine other important factors to which underwriters can look when assessing […]
The Quarterly eNewsletter of The AIA Trust —October 2018
If you’re the parent of dependent college students living away from home, you may not be aware that your homeowners policy will cover their personal property and personal liability.
Would you or your family be financially prepared if you were seriously injured – or worse – killed in an accident? While AIA Members can take every conceivable precaution to prevent an accidental death or injury, they still occur.
You may think you need flood insurance only if you live near water. Think again. Floods can be caused by heavy rainfall, melting snow, clogged drainage systems and broken levees. All it takes is a few inches of water to cause major damage to your home and belongings.
A joint venture is essentially a partnership, but only for a specific, and usually limited, purpose. Both partnership agreements and joint venture agreements usually allocate responsibility and compensation between or among the parties. Comprehensive joint venture agreements also address issues such as determining fault for performance that is deficient and establishing obligations for rectifying harm […]
It is never too late or too early to begin planning for retirement. As an architect, you have retirement planning concerns that are unique. Many of you are small business owners, and because of your profession, the time frame for retirement may be flexible and may likely include a gradual transition.
National Safety Month focuses on preventative measures that employees can take to maintain an accident-free workplace. In keeping with that mission, here are some best practices that you can incorporate into your daily routine to ensure the safety of you and your colleagues.
It seems that during each cycle of the state legislative sessions, efforts are made either to expand or reduce the business and professional liability exposures faced by construction-related professional service firms. In some instances, under the overall rubric of “tort reform,” efforts are made to redefine exposure and channel liability.