Risk Management & Insurance Issues for Associations
(Updated April 2014)
Just like any business, REALTOR® associations need sound risk management practices and a good insurance plan to protect themselves and their members. Use this Field Guide to navigate the ins and outs of insurance for associations: how much coverage is enough, understanding risk management, professional liability insurance, and more. (F. Heller, Manager, Library and Archives)
Photo Credit: Derek Gavey
Insurance & Risk Management Resources From NAR
NAR’s 2014 Professional Liability Insurance Program — for associations and MLSs.
Benefits -- Insurance (NAR Human Resources Toolkit).
Health Care Reform topic page (Realtor.org) — Updates and resources on health insurance reform for REALTORS® and associations.
How Much Insurance Does Your Organization Need?
Does Your Association Have the Right Insurance Coverage? (Associations Now, Oct. 2011)
What Insurance Coverage Is Your Association Missing?, (Associations Now, Oct. 2010).
Get the best protection for your insurance dollar, (Nonprofit World, July/Aug. 2006). Q
Risk Management for Associations
Challenges of nonprofit risk management, (Risk Management, July/Aug. 2013). Q
Can your organization afford to lose $100,000? (Nonprofit World, May/June 2012). Q
Keep Your Volunteers Covered, (Associations Now, Mar. 2012).
Don’t take risks with social media, (Nonprofit World, July/Aug. 2011). Q
Risk Management Know-how, (Associations Now, Mar. 2010).
How much risk is right?, (Associations Now, Jan. 2011).
The "new" imperative for boards: risk oversight, (Association Law & Policy, Jan. 2011).
Fraud: How to prevent it in your organization, (Nonprofit World, May/June 2008). Q
Risk management: How to protect your assets, (Nonprofit World, Jan./Feb. 2008). Q
Improving your risk profile, (Associations Now, May 2007).
About D&O Insurance
An increasing target for claims, nonprofits seek more D&O coverage, (National Underwriter, Feb. 6, 2012). Q
D&O insurance: a primer, (American University Business Law Review, 2011/2012). Q
Do you need D&O/EPL insurance?, (Nonprofit World, May/June 2009). Q
D&O danger? Directors and officers insurance can be a lifesaver when it's needed. But experts say many association executives are surprised to find what their policies actually say when that time comes, (Associations Now, May 2008).
eBooks & Other Resources
The resources below are available for loan through Information Central. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Information Central at 800-8740-6500 for assistance.
Field Guides & More
These field guides and other resources in the Virtual Library may also be of interest:
Have an Idea for a New Field Guide?
Click here to send us your suggestions.
The inclusion of links on this field guide does not imply endorsement by the National Association of REALTORS®. NAR makes no representations about whether the content of any external sites which may be linked in this field guide complies with state or federal laws or regulations or with applicable NAR policies. These links are provided for your convenience only and you rely on them at your own risk.