Why Buy Professional Liability Insurance From FLMIC?
- History. FLMIC has a history of helping its insureds and the legal profession. During the early 1980s, commercial insurance companies stopped offering lawyers professional liability insurance in many states, including Florida. As a result, The Florida Bar created FLMIC to assure the perpetual availability of legal professional liability insurance for Florida attorneys who meet and comply with responsible underwriting and risk management standards. In 1998, FLMIC separated from control by The Florida Bar. Click here for a more detailed account of FLMIC's history and relationship to The Florida Bar.
- Mutual Company. FLMIC is owned by its policy holders and governed by a 17 member Board of Directors, all of who are currently Florida attorneys.
- Financial Stability. The Company's strong financial position is recognized and confirmed by A.M. Best's "A" (Excellent) Rating.
- Local. FLMIC's directors practice in all areas of the state and are knowledgeable of local issues impacting the practice of law. FLMIC only provides professional liability coverage to attorneys licensed in Florida.
- Cost. Premiums are influenced by the company's actual loss experience in Florida.
- Commissions. No commissions paid to agents. FLMIC operates on a direct basis, thus reducing operating expenses and premium costs.
- Professionals. Administered by insurance, investment and accounting professionals available to assist insureds with questions while providing prompt personalized service.
- Board of Directors. An elected Board of Directors, who are currently all attorneys and leaders in the legal community, control the company.
- Individual Counseling. Individual claims and risk management counseling to resolve or defend a possible malpractice situation.
- Direct Communication. Direct communication with underwriting staff for coverage information and quotes.
- Memberships. FLMIC is a member of the National Association of Bar Related Insurance Companies (NABRICO) and the National Association of Mutual Insurance Companies (NAMIC).
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