We are a malpractice insurance company created by lawyers, run by lawyers, for lawyers. Unlike other insurance carriers, we only serve the Illinois lawyers malpractice market.
ISBA Mutual does not have agents or stockholders. All of the Members of our Board are Illinois lawyers who have the same needs as every lawyer and law firm insured by us. We are dedicated to fair and stable premiums, quality coverage, risk management, peer review and passing along the benefits of our successful operations to the lawyers and firms we insure in the form of dividends.
We are a mutual company. The bottom line is that our owners and policyholders are the same people. We are you!
In the 1980s, many commercial insurance companies either stopped offering lawyers malpractice insurance policies or imposed dramatic and prohibitive premium increases. The Illinois State Bar Association, concerned with these circumstances, believed it was in the public interest for Illinois lawyers to have access to malpractice insurance. To that end, the leadership of the Illinois State Bar Association created ISBA Mutual Insurance Company in 1988. The result: fairer premiums, better coverage, and a more responsive marketplace.
ISBA Mutual is a financially strong mutual insurance company with a stable, long-term outlook. You don’t have to take our word for it. A.M. Best, an independent financial rating service, rated ISBA Mutual as A (Excellent).