Field Guide to Insurance Issues for Associations (NAR Information Central)
(Updated February 2005)
Just like any business, associations and boards need 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, risk management, professional liability insurance, and more. Plus, find out about the initiative to create association health plans (AHPs), which can make it easier for your members to obtain affordable health insurance. (F. Heller, Manager, Archives & Virtual Library)
Contents:
How Much Insurance Do You Need? | Risk Management for Associations | About D&O Insurance | Small Business Health Plans (SBHPs) | Books & Other Resources
Insurance & Risk Management Resources from NAR
Time Sensitive Information Regarding the NATIONAL ASSOCIATION OF REALTORS® Professional Liability Insurance Program
Eight reasons to think of Legal Affairs: Learn how NAR Legal Affairs can help your association
How Much Insurance Do You Need?
Running the risks: It pays to know your appetite for risk before calculating your insurance coverage, (Association Management, Feb. 2004). Q
Insurance essentials: Insurance insiders explain why it's foolish to confuse "not-for-profit" with "not-at-risk", (Association Management, Jan. 2003). Q
Insurance shock: Think you're covered? So did some of your colleagues, (Association Management, Oct. 2001). Q
Run for coverage: Take advantage of changing conditions in the insurance market before it's too late, (Association Management, July 2001). Q
Insurance checkup: Is your association completely covered?, (Association Management, Oct. 2000). Q
Can volunteer boards really manage board risk?, (Association Magazine, Oct./Nov. 2003). Q
Managing risk with insurance, (Association Management, Mar. 2002). Q
Managing your association's risk, (Association Magazine, June/July 2000).
Risk management: slippery slope or moral imperative?, (Nonprofit World, May/June 1998). Q
Top property and casualty losses -- and how to avoid them, (Association Management, Oct. 1997). Q
Help leaders remain knowledgeable about association policies and operations, (REALTOR® Association Executive, Summer 1997).
Reduce your risk of liability: Worried about being sued as a board member? Here's what you need to know, (Nonprofit World, May/June 2003). Q
Be prepared: If you don't already have a risk management plan addressing all facets of your organization, it's time to get one, (Association Management, July 2002). Q
Leadership liability: Responsibilities and protections for your association and its volunteers under the law, (REALTOR® Association Executive, Summer 2002).
NAR's Small Business Health Plans website - Learn about the initiative to create small business health plans (SBHPs) and what they can do for your members.
AHPs Now!, (Coalition Supporting Access & Choice Through Association Health Plans).
The President's proposal for health security in the world's best health care system: Association health plans, (The White House).
Association health plans, (National Center for Policy Analysis, Oct. 2002).
Creating an insurance subsidiary: The whys, hows, and key factors to consider before embarking on the most complex-but potentially most rewarding-of insurance ventures, (Association Management, Oct. 1999). Q
eBooks & Other Resources
Books, Videos, Research Reports & More
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 800.874.6500 for assistance.
D&O: What You Need to Know, (Washington, DC: Nonprofit Risk Management Center, 1998).
Leaving nothing to chance: Achieving board accountability through risk management, (Washington, DC: Nonprofit Risk Management Center, 1998).
Association Liability, (Washington, DC: American Society of Association Executives, 1998).
Field Guides & More
These Field Guides and other resources in the Virtual Library may also be of interest:
Field Guide to Errors & Omissions Insurance
Field Guide to Insurance Availability
Field Guide to Association Management Issues & Trends
>> 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 to 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.
