The Quarterly Risk Report highlights issues that pose risk to associations and provides resources to help associations build knowledge, incorporate best practices, and avoid claims.
Active: 43
Potential: 31
74 claims were filed on the NAR Insurance Program in calendar year 2024, not including more than 30 notices of circumstance filed with Chubb before the 2023-24 policy expired.
14 Employment
13 Antitrust
11 Professional Standards
11 MLS
5 Discrimination
5 Cyber
4 Governance
4 Crime Loss
7 Other
Employment issues topped the list of claims, followed by antitrust, and a tie between MLS issues and Professional Standards for third place. Together, these claims comprised more than 60 percent of 2024 claims.
Check out NAR’s resources below in each of these areas to help prevent future claims.
An extended reporting period allows an insured to report claims for events that occurred while the policy was active, but that arise and are reported after the policy expires. For the expired Chubb policy, covered entities may file claims for actions arising from situations or decisions that occurred in or before 2024, or that were noticed to Chubb prior to December 31, 2024.
If a covered entity is threatened with a lawsuit or has received a demand, it should immediately notify the applicable carrier. For assistance in determining which carrier should be notified, please email insurance@nar.realtor. Refer to the contact information for each carrier, and always include the policy number when reporting a claim.
Covered entities in the NAR Insurance Program have access to Jackson Lewis’ EPLI Prevent & Protect Portal, including a legal helpline.
Discover best practices for conducting internal investigations, what member policies to put in place, & how to implement event & training protocols.
Learn how you can help reduce your risk for claims such as discrimination and sexual harassment in this informative and timely webinar.
These Guidelines are intended to assist associations develop employment policies required to obtain Professional Liability Insurance coverage.
Offensive behavior not only impedes the effectiveness of the Association, but can also create exposure to legal liability.
NAR's Member Experience team provides several resources to help REALTOR® associations manage ethics decisions.
An all-in-one hub for Professional Standards educational materials. Resources include videos, presentations, links to related NAR content & more.
Resources useful to associations for handling ethics complaints and arbitration requests.
A tool for continuing, consistent training of Grievance Committee, Professional Standards Committee, and BOD members.
This model citation policy and schedule of fines can be adopted by state and local associations.
The purpose of multiple listing is the orderly correlation and dissemination of listing information to participants so they may better serve...
Providing sellers and agents more options when marketing a property, and providing buyers and their agents equal access to important MLS information.
NAR is receiving reports from multiple sources that members are receiving an increased number of copyright infringement cease-and-desist letters. This is likely due to artificial intelligence making it easier for content owners to find uses of their works online.
Both members and associations should follow these best practices to mitigate the risk of copyright infringement claims.
Learn how to protect your website from infringement claims using a federal copyright law.
Learn how to obtain the necessary rights for your listing photos, and understand the rights granted to third parties such as MLSs.
These four risk management tips can help real estate professionals avoid costly copyright claims.
Learn how you can avoid infringing copyrights held by third parties, and review the proper way to license copyrighted materials.
Q: Are charitable foundations covered?
A: Yes. Coverage is provided for any foundation, charitable trust, political action committee, or organization qualifying as an exempt organization under Internal Revenue Code 501(c) that is controlled or exclusively sponsored by one or more covered entity.
Have coverage questions? Check out these Professional Liability Policy FAQs .
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