LSBA Partners with ORLSI for Enhanced Insurance Solutions
The Louisiana State Bar Association (LSBA) has made a significant leap forward in protecting its members by selecting Old Republic Lawyers Specialty Insurance (ORLSI) as its endorsed malpractice insurance provider. With this partnership, LSBA aims to elevate the standards of insurance coverage available for legal professionals.
Enhanced Policy Coverages for Lawyers
The collaboration between LSBA and ORLSI introduces robust enhancements to the insurance program designed specifically for lawyers. Members can now benefit from improved policy coverages and perks that cater to the evolving needs of today’s legal landscape.
Key Benefits Offered by the New Program
The LSBA Insurance Program, now backed by ORLSI, comes with a plethora of advantages that include:
- A claims-free deductible opportunity, allowing attorneys to reduce out-of-pocket expenses.
- Additional deductible discounts, making insurance more affordable for members.
- Standalone cyber liability policy premium credit, addressing the growing threat of cyber incidents.
- Higher risk management premium credits, rewarding proactive approaches to risk.
- Flexible pricing adjustments, ensuring that policy parameters meet the diverse needs of law firms.
Commitment from LSBA Leadership
Kevin C. O'Bryon, Chair of the LSBA Insurance Committee, expressed gratitude for the hard work put forth by members who meticulously reviewed potential carriers. Edward J. Walter, Jr., the LSBA Bar President, praised the committee's commitment, stating, "I am extremely grateful for their dedication to providing an outstanding product for our lawyers." This sentiment underscores the importance of strong leadership within the LSBA.
What This Means for Current and New Members
Current LSBA members who are part of the malpractice insurance program will start receiving notifications regarding these changes in advance of their policy renewals. The upgrades will reflect in policy effective dates beginning in early 2026.
Welcoming New Participants to the Program
New members looking to join the program can look forward to quotes featuring the newly endorsed policies as well, starting January 2026. This opens the door for enhanced protections for an even broader range of lawyers.
Comments from Industry Leaders
Mike Furlong, President of Old Republic Lawyers Specialty Insurance, expressed enthusiasm about the enhanced relationship with Gilsbar and the LSBA. He stated, "We are excited to work closely with LSBA to provide attorneys with the professional liability coverage they need, along with services that include tailored loss prevention materials." This dedication to supporting legal professionals is evident in ORLSI's continued efforts.
Long-Standing Commitment from Gilsbar
Ryan Haun, the CEO of Gilsbar, also emphasized the company's commitment to LSBA and its members. Gilsbar has a rich history of supporting attorneys in Louisiana, focusing on stable programs that offer competitive pricing and coverage options that are accessible to various law firms. Haun affirmed, "Gilsbar is honored to serve LSBA members during this transition and enhance their offerings."
About Gilsbar and ORLSI
Established in 1959, Gilsbar is recognized for its robust insurance solutions tailored for businesses and their employees. With a strong emphasis on employee benefits consulting, commercial insurance, and management of association benefits, Gilsbar is also a leading authority in professional liability sales and administration. Their commitment to corporate responsibility has earned multiple accolades, highlighting them as a standout employer and a leader in wellness programs.
Old Republic Lawyers Specialty Insurance, part of Old Republic International Corporation (NYSE: ORI), stands as one of the nation's largest insurance businesses, known for its extensive experience and reputable offerings. These qualities make them a trusted partner for legal professionals in their insurance needs.
Frequently Asked Questions
What prompted LSBA to choose ORLSI as their malpractice insurance provider?
The LSBA selected ORLSI for their extensive experience and ability to offer enhanced coverages tailored to the needs of lawyers.
What are the key benefits of the new insurance program?
Benefits include a claims-free deductible opportunity, additional discounts, cyber liability premium credits, and flexible pricing.
When will the new policy updates take effect?
Current LSBA members will see changes reflected in their policy effective dates starting in January 2026.
How can new members participate in the insurance program?
New members will be eligible for quotes under the enhanced insurance policies starting in January 2026.
What other services does Gilsbar provide?
In addition to malpractice insurance, Gilsbar offers employee benefits consulting and commercial insurance consulting services.
