The Oregon State Bar Board of Governors created the Professional Liability Fund in 1977 pursuant to state statute and with approval of the membership. The PLF first began operation on July 1, 1978, and has been the mandatory provider of primary malpractice coverage for Oregon lawyers since that date. The PLF provides coverage of $300,000 per claim/$300,000 aggregate to every attorney engaged in the private practice of law in Oregon. This coverage includes defense costs and, in addition, there is a $50,000 claims expense allowance. The PLF's philosophy is that a program of this type must be mandatory for all lawyers in private practice in the state, as purely voluntary participation could result in adverse selection and a concentration of only the "bad" risks, leading to financial instability. Over time, the cost of coverage provided by the PLF has proved to be less than the cost of comparable commercial coverage.
View Top Employees from Professional Liability FundWebsite | http://www.osbplf.org |
Revenue | $13.9 million |
Employees | 35 (28 on RocketReach) |
Founded | 1978 |
Address | Suite 300, Tigard, Oregon 97224, US |
Phone | (503) 639-6911 |
Fax | (503) 684-7250 |
Technologies |
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Industry | Insurance, Primary Professional Liability Coverage, Excess Professional Liability Coverage, Claims Defense, Repair, Practice Management, Loss Prevention, Personal Assistance through Oregon Attorney Assistance Program, CLE |
Web Rank | 4 Million |
Keywords | Legal Department Marketing Statements, Pdf Disengagement Letter, Sample General Counsel Disengagement Letter Termination Of Engagement, Sample Disengagement Letter, Oregon Multnoma County Eviction Initial Appearance |
Competitors | COPIC Companies, Cooperative of American Physicians, Inc., Medical Society of the State of New York, NCMIC, SVMIC - State Volunteer Mutual Insurance Company |
SIC | SIC Code 811 Companies, SIC Code 81 Companies |
NAICS | NAICS Code 54 Companies, NAICS Code 541 Companies |
Looking for a particular Professional Liability Fund employee's phone or email?
The Professional Liability Fund annual revenue was $13.9 million in 2024.
28 people are employed at Professional Liability Fund.
Professional Liability Fund is based in Tigard, Oregon.
The NAICS codes for Professional Liability Fund are [54, 541].
The SIC codes for Professional Liability Fund are [811, 81].