History
In 1954, the bar began offering members a group life insurance plan. Group health insurance was added in 1955 and a disability plan in 1959. Although there have been variations in the details of the coverage, life, health and disability plans have been continuously endorsed since the inception of the program. With the addition of Critical Illness and Accidental Death & Dismemberment (AD&D) plans, Virginia lawyers can secure the range of coverage needed to protect themselves, their careers, and their families.
The Virginia State Bar’s insurance program provides members with quality coverage at affordable prices. The purpose is not to compete with the commercial market but rather to leverage the group buying power to provide members with insurance they could not get elsewhere. Over the years, the primary beneficiaries have been sole practitioners and small firms.
Structure
The Lawyer Insurance Committee oversees the program.
With the help of the VSBMIC, the committee monitors the plans and the details of coverage. When necessary, the committee recommends changes. Any new plans are approved by the committee. The work of the committee and the administrator relieves attorneys of the time and expense of finding insurance products on their own.
Past evaluations of the VSB program by the VSB Insurance Committee, the executive committee, and the VSB Council have found that the plans are an important service to members of the bar. They concluded that…
The plans can improve the quality of legal services and even limit misconduct by allowing attorneys to provide their families and employees with superior insurance, particularly health insurance.
Parent Company
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