If you are a new lawyer beginning your legal career, you will want to be sure you comply with the requirements of Rule 1.4 of the Ohio Rules of Professional Conduct that a lawyer must inform a client at the time of the client’s engagement or any time subsequent to the engagement if the lawyer does not maintain professional liability insurance in the amounts of at least one hundred thousand dollars per occurrence and three hundred thousand dollars in the aggregate.
If you are practicing in a legal professional association, corporation, legal clinic, limited liability company, or limited liability partnership, you will need to comply with Section 4. Financial Responsibility, of Rule III. Legal Professional Associations Authorized to Practice Law of the Supreme Court Rules for the Government of the Bar of Ohio. Section 4 requires that the listed entities shall maintain adequate professional liability insurance or other form of adequate financial responsibility.
Ohio Bar Liability Insurance Company, owned and endorsed by the Ohio State Bar Association, is proud to have earned the trust of thousands of Ohio attorneys and law firms. To learn more about applying for coverage with OBLIC, click here, or call Rachel Ritchie, OBLIC’s new business underwriter.