The American Bar Association does not endorse products or services of non-ABA entities.
Visit the ABA Standing Committee on Lawyers’ Professional Liability page to access information about legal malpractice insurers in your state. Information includes a state-by-state listing of carriers, policy language interpretations, cost factors for insurance premiums, and what to expect in purchasing LPL coverage. For additional information or questions, please contact the Committee's LPL Insurance Hotline at (312) 988-5754 or (312) 988-5755.
Minnesota Lawyers Mutual Company (MLM), a corporate sponsor of the General Practice, Solo & Small Firm Division, provides legal professional liability insurance and risk management services to attorneys in 34 states. MLM is committed to being an efficient, accountable and permanent practice management resource to the legal profession, exemplified by an AM Best rating of A (excellent) and a consistent dividend return for the past 18 years.
Whatever your risk, as an ABA member you qualify for discounted pricing through the ABA Member Advantage program. For more information, visit www.abanet.org/advantage/insurance.
One of the frequent challenges encountered by solo and small firm lawyers is the lack of insurance resources that are typically available to members of larger firms or corporations. Ample insurance coverage is a critical component of a sound financial plan. After all, as a solo/small practice lawyer, you know that you and your ability to earn an income are your most valuable assets. Help protect yourself and your assets by applying for ABE-sponsored insurance plans.
These plans are available exclusively to members, and they not only provide quality insurance coverage, they also give members an opportunity to give back to the legal profession.
Office Overhead Expense Insurance Plan *
As a proprietor of a solo or small firm, you know that the daily operations of your firm rely on you. The ABE-sponsored Office Overhead Expense Plan can provide up to $10,000 a month for eligible expenses in the event you become disabled and cannot work. You may have disability coverage for yourself but do you have it for your firm?
Disability Income Insurance Plans
Your most important asset is your ability to make money. If something prevents you from earning income, how will pay bills, save for retirement, and make daily purchases that are essential to maintaining your way of life? The ABE-sponsored Disability Income Plans can provide as much as $12,000 per month to help provide for lost income if you become disabled.
Term Life Insurance Plans *
Adequate life insurance is the cornerstone of a sound financial plan. As an attorney in a solo or small firm, and a member of the , you have access to apply for as much as $2,000,000 in coverage through the ABE-sponsored Term Life Insurance Plans. Choose the plan that best fits your needs. You can apply to lock in your rates with a 10 or 20-Year Level Term Life Insurance Plan.
Accidental Death and Dismemberment Insurance Plan *
Accidental death and dismemberment insurance is a great supplement to your life insurance coverage. In addition, it provides benefits for loss of speech and hearing that could affect your career. The ABE-sponsored Accidental Death and Dismemberment Insurance Plan can provide you with as much as $500,000 in addition to any other coverage you may have. Best of all, this policy is guaranteed-issue! No health questions or exams are required.
Hospital Money Insurance Plan *
Get an additional insurance plan payment when you need it most…when you are hospitalized. Many basic health care plans require co-payments of as much as 20% for hospital visits. Similarly, there are many plans that do not cover the wide variety of expenses associated with today’s hospital stays. From the very first day of your hospitalization, the ABE-sponsored Hospital Money Insurance Plan can provide you with as much as $500 per day of your covered hospitalization. You can also purchase additional surgical benefits that provide cash if you require surgery.
ABE Charitable Gift Fund (Donor-advised Fund)
As an attorney in a solo or small firm, you are juggling many tasks and your time is extremely valuable. Saving time whenever possible is probably quite appealing to you. When it comes to charitable giving, choose a process that makes your philanthropy exactly what it should be—easy! ABE has the answer for you with our Charitable Gift Fund. Read more about how the ABE Charitable Gift Fund (Donor-advised Fund) takes the work out of philanthropy while still allowing you to support your favorite charities.
* These insurance plans are underwritten by New York Life Insurance Company, on Policy Form GMR. All ABE-sponsored plans are group insurance plans, meaning coverage is issued to an ABA Member under a Certificate of Insurance. It is not provided under an individual policy, nor is it employer/employee insurance.