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Current company Isba Mutual Insurance Company
Insurance · 22 employees · Founded 1988 · Chicago, Illinois, United States
ISBA Mutual Insurance Company, founded in 1988 by the Illinois State Bar Association, specializes in professional liability insurance exclusively for Illinois attorneys. As a policyholder-owned entity, it focuses on serving its members rather than agents or stockholders, providing them with fair rates, superior client service, and legal education, including CLE credits. Its leadership, comprised of lawyers, ensures a deep understanding of the unique needs and risks legal professionals face, offering tailored coverage to protect against claims and lawsuits. Recognized for financial stability with an A (Excellent) rating by A.M. Best, ISBA Mutual stands out for its commitment to individualized pricing, exceptional claims handling, and innovative risk management, fostering long-term relationships with policyholders. The company is dedicated to elevating the practice of law, supporting educational and networking opportunities through the Illinois State Bar Association and local bar associations. This includes providing risk management resources, such as the Liability Minute newsletter, MCLE programs, and consultations, to empower lawyers to mitigate risks. ISBA Mutual\'s commitment extends to promoting diversity, equity, and inclusion within the company and the legal profession, supporting organizations and resources that uphold these values. As the leading provider of Lawyers’ Malpractice Insurance in Illinois, ISBA Mutual continues to be a stable, enduring partner for attorneys, emphasizing the importance of professional liability insurance in protecting their careers and ensuring the best possible representation for their clients. The company’s initiatives, like offering cyber liability insurance through partnerships and providing a wide range of risk management tools, highlight its comprehensive approach to serving the legal community.