Attorneys need protection, too.

COVERAGE OPTIONS

Outside Limits

With this coverage option, the limits of liability available to pay money damages such as settlement or judgment are not reduced by the costs incurred to defend a claim.  Additionally, the deductible is applied once per policy period, not on a per claim basis, but as one aggregate deductible, with the exception of a claim arising out of securities activites, wherein the deductible would apply on a per claim basis.

Inside Limits

Provides a less expensive premium but also reduces protection.  With this coverage option, the limits of liability available to pay money damages such as settlement or judgment are reduced by the costs of claims defense incurred in defending a claim.  Additionally, the deductible is applied to each and every claim, not as an aggregate deductible, per policy period.

OBLIC CLAIMS-MADE & REPORTED POLICY PROVIDES:

• Broad Prior Acts protection available, including for lateral hired attorneys
• Up to $25 million per claim and $25 million aggregate claims per policy (if eligible)
• Cyber breach coverage for all OBLIC policies at a $50,000 sublimit. Additional limits available for purchase.
• Flexible Extended Reporting Period Options
• Two Policy Options – (1) Defense costs outside limits of liability, or (2) Defense costs included within (inside)
  limits of liability (which reduces available limits to pay settlements or money damages)
• Disciplinary defense, subpoena assistance, cost reimbursement and claims repair coverages
• This description provides brief highlights and is subject to the coverage, conditions, and exclusions of the policy

As a business owner with a company to run, you know how difficult it is to get away.
What happens if you become disabled?
Could your business stay open while you were gone?
Would the business be able to continue paying the bills if you were not working?

You can help protect your business should you become too sick or hurt to work.

BUSINESS OVERHEAD EXPENSE INSURANCE BENEFITS

• Keeps your business running while you recover from a disabling injury or illness;
• Helps you have a financially sound business to sell, should you need to do so;
• Pays the bills associated with running your business—so you do not need to dip into assets;
• Insures up to 100 percent of your covered business expenses;
• Ensures premiums you pay for coverage are tax deductible;
• Offers coverage for both total and residual/partial disabilities;
• Can mean the difference between staying open and closing your doors;
• Maintains goodwill with customers, vendors and creditors; and
• Helps retain business value.

Is your law firm insured against common perils (i.e. unrelated to the legal services you provide)? The foundational insurance coverage for small and mid-size businesses is the Business Owner’s Policy (BOP).  It covers General Liability and Commercial Property losses which are two of the largest threats that law firms face daily.  We offer broad coverage designed for law firms, offered by several insurers, with optional solutions to customize coverages for your unique situation.

To learn more about the importance of Business Owners Insurance Policy coverage, click here.

Click here for RLI policy plan highlights.

Click here for CHUBB policy plan highlights.

We also specialize in court fiduciary and court judicial guarantee bonds.

The OSBA Insurance Agency (OSBAIA) and OBLIC have teamed with Tokio Marine HCC – Cyber & Professional Lines Group to offer a comprehensive cyber breach insurance policy to Ohio law firms. This coverage is in addition to the coverage offered in the OBLIC policy.

To learn more about the importance of Cyber Breach coverage, click here.

OBLIC policyholders:

Click here for policy plan highlights.

OBLIC non-policyholders:

Click here for policy plan highlights.

Protect yourself and your family from the devastating effects of a disability

Did you know that 50 percent of all home foreclosures result from a disability?
Did you know that you are 3.5 times more likely to be disabled during your working career than you are to die during your working career?

The Ohio State Bar Association Insurance Agency wants you to be prepared for the unexpected and is offering top quality “Own Occupation” disability insurance at significant savings for members only.

PLAN FEATURES

• “Own Occupation” definition of total disability for all specialties
• Optional residual disability
• Optional non-cancel-able and guaranteed renewable guarantees with your premium will not change prior to age 65
• Up to $15,000 per month available based on earnings
• Up to $4,000 available to attorneys with no income documentation during your first two years of practice
• Lifetime benefits available
• Females save even more

If you are interested in more disability insurance or a review of your existing coverage, contact the OSBA Insurance Agency,
and we will have one of our disability insurance specialists review your needs and provide you with a no-obligation quote.
It can mean the difference between staying open and closing your doors, allow you to maintain goodwill with your customers, vendors and creditors, and help retain your business value.

Claims arising out of the employment context are on the rise, and with some significant notoriety given the #MeToo movement.  Employment Practices Liability Insurance (EPLI) is designed to protect employers from these types of claims, and in some instances from similar claims asserted by non-employees, i.e claims of harassment or discrimination.  OBLIC and the OSBA Insurance Agency have partnered with several other insurance carriers to offer EPLI coverages and comprehensive risk management designed for Ohio law firms.  To learn more about Employment Practices Liability coverage, click here.

The OSBA Insurance Agency recognizes that you need to provide the best possible group health care coverage to your
employees.

Whether you have a group of two or more, our goal is to offer flexible affordable insurance plans that make world-class health care attainable for your practice. We offer a wide variety of Affordable Care Act (ACA) Compliant PPO Plans with a broad range of deductibles and co-insurance, including Health Savings Account (HSA) compatible plans.

There is a participation requirement that 50 percent of all eligible* employees must apply for coverage. The remaining
employees can waive coverage if they have a valid waiver, such as coverage through a spouse or Medicare.

Special enrollment periods

Regardless of whether you purchase insurance through the exchange or off-exchange, the annual open enrollment window applies. You cannot enroll outside of open enrollment unless you have a qualifying event, such as:

• Marriage;
• Becoming a U.S. citizen;
• Birth or adoption;
• Involuntary loss of other health coverage; or
• Permanent move to an area where new health plans are available (this only applies in most cases if you already had coverage prior to your move).

As of 2016, Healthcare.gov started requiring proof of eligibility for the most common qualifying events. Health insurance carriers also generally require proof of eligibility when people enroll off-exchange during a special enrollment period. If you experience a qualifying event and wish to enroll in a plan during your special enrollment period, be prepared to provide documentation of the qualifying event.

Now there’s a plan that puts your family’s needs first…just like you do. Nothing is more important than your family’s needs. And even though you continue to put your family’s needs first, your desire to protect them may be hindered by your ability to get proper life insurance.

PLAN HIGHLIGHTS

• Level term and whole life policies available
• Coverage cannot be canceled because of age or health
• Policies available that offer benefits due to critical and/or terminal illness
• Coverage becomes effective as soon as your application is approved and your first premium is paid
• You will never be singled out for a rate increase
• Your spouse can apply for coverage even if you do not