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.
The Quarterly eNewsletter of The AIA Trust —July 2019
When you’re looking for ways to make the most of your retirement savings, don’t overlook the advantages of rolling over eligible retirement plan accounts from previous employers into your current retirement plan account.
The AIA Trust released a new white paper on the crucial legal & professional considerations for architects regarding fiduciary duty. While there is no surprise about lawsuits founded upon professional malpractice, or the breach of a professional services agreement against design professionals, concerns may arise when a design professional is also sued for the breach […]
Many Americans are financially prepared with life insurance, but do not have a plan in place in the event of disability. Disability can affect you financially whether married or single, a firm owner or an associate, a parent or not. While life insurance is very important, you should also be prepared for the possibility of […]
Small firms and sole practitioners don’t have the luxury of in-house counsel or retained attorneys, yet small architecture firms confront many legal challenges such as negotiating and interpreting contracts and handling disputes with clients and contractors. LegaLine is the AIA Trust Legal Information Service, a specialized benefit for AIA members, ideal for small firms without […]
How can you manage anger or defuse a scary encounter on the road? An expert, Dave Melton, Transportation Safety Specialist at the Liberty Mutual Research Institute for Safety, says “Every day, thousands of drivers experience some form of road rage or aggressive driving.” Melton offers steps for avoiding a road rage situation—or getting away from […]
Disputes happen. Dissatisfied clients, construction firms with cost-recovery programs, injured third parties and other claimants often try to tap into the assets of professional service firms—and their insurers—to solve a real or perceived problem.