LSBA Chooses ORLSI for Endorsed Lawyer's Malpractice Insurance
The Louisiana State Bar Association (LSBA) has made an important decision by choosing Old Republic Lawyers Specialty Insurance (ORLSI) as its endorsed malpractice insurance provider. This selection signifies a step forward in enhancing the insurance options for legal professionals in the state.
Enhanced Coverage and Benefits for Members
The LSBA's collaboration with ORLSI has resulted in an improved insurance program designed to provide better support for lawyers. As part of this partnership, the LSBA Insurance Program introduces several enhancements to policy coverages and perks. Noteworthy benefits include:
- A claims-free deductible opportunity that can ease costs for members,
- Additional opportunities for deductible discounts,
- A credit for standalone cyber liability policy premiums,
- Increased premium credits for risk management, and
- Flexible pricing parameters to cater to diverse needs.
Commitment to Supporting Louisiana Lawyers
Edward J. Walter, Jr., the LSBA Bar President, expressed his gratitude towards the LSBA Insurance Committee for their unwavering efforts in reviewing proposals and engaging with potential insurance carriers. "Their dedication over the past year has been invaluable in providing such an exceptional product for our members," he stated.
Mike Furlong, President of ORLSI, echoed this sentiment by highlighting the importance of their enhanced relationship with Gilsbar. He emphasized their commitment to offering comprehensive attorneys' professional liability coverage along with vital loss prevention resources tailored to the unique risks involved in legal practice.
Transition and Future Offerings
For LSBA members currently enrolled in the malpractice insurance program, these updates are expected to come into effect starting January 2026. New participants will also have the opportunity to receive quotes reflecting the enhanced endorsed policy from that same date.
Gilsbar's Role in the Transition
Ryan Haun, CEO of Gilsbar, expressed pride in continuing their partnership with the LSBA. He noted the organization's unwavering commitment to supporting Louisiana attorneys by negotiating superior coverage choices. Gilsbar aims to maintain stable insurance programs that provide competitive pricing for law firms across the state.
About Gilsbar and ORLSI
Gilsbar, established in 1959, specializes in delivering comprehensive insurance solutions for businesses and their employees. This includes consulting for employee benefits, commercial insurance, and managing association benefits. Their reputation as a leader in professional liability sales and administration is well-recognized.
The company has garnered accolades from various publications, including Inc. magazine for sustained growth, and has been recognized as a best workplace by Modern Healthcare and Business Insurance magazines. Furthermore, Gilsbar has received praise for its exemplary wellness programs in collaboration with organizations like WELCOA and the American Heart Association.
Old Republic Lawyers Specialty Insurance operates under the umbrella of the Old Republic International Corporation (NYSE: ORI), which stands among the top 50 shareholder-owned insurance companies in the nation and is included in the Fortune 500 list. Their policies are issued through an affiliate company dedicated to providing quality service.
Frequently Asked Questions
What type of insurance is being endorsed by LSBA?
The LSBA has endorsed malpractice insurance provided by Old Republic Lawyers Specialty Insurance (ORLSI).
What benefits are included in the new insurance program?
Benefits include a claims-free deductible opportunity, discount options, cyber liability credit, and flexible pricing.
When will the changes take effect for current members?
Current members will see these changes starting with their January 2026 policy effective dates.
Who is managing the transition for LSBA members?
Gilsbar is actively managing the transition and negotiating improved coverage offerings for LSBA members.
What is the significance of ORLSI’s endorsement?
The endorsement signifies enhanced resources and protections for attorneys, helping them navigate the complexities of legal practice.
