NAR Patent Liability Insurance to Cover Local and State Associations, MLSs

To protect REALTOR® associations and their MLSs from patent litigation risk, one of the costliest forms of business risk today, the National Association of REALTORS® has added limited patent liability insurance to the NAR Insurance Program for associations and MLSs. The coverage, provided at no cost to associations, reimburses up to $50,000 in expenses to resolve patent litigation, both legal and settlement, including a $25,000 per claim retention. There is no sign up; all qualified REALTOR® associations and REALTOR®-owned MLSs are automatically covered.

Associations may increase coverage levels by purchasing excess insurance online at nar.aon.com. For more, contact Finley Maxson, 312-329-8381, fmaxson@realtors.org.

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All state and local REALTOR® association executives, association communication directors, regional MLS executives, and Government Affairs Directors receive RAE at no cost. Issues are mailed to the address found in NAR’s NRDS system. To update your REALTOR® AE Magazine subscription preferences, update your mailing address in NRDS.

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