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.
Company Details
- Employees
- 36
- Founded
- -
- Address
- Suite 300, Tigard,or 97224,united States
- Industry
- Insurance
- NAICS
-
Insurance Carriers and Related ActivitiesAgencies, Brokerages, and Other Insurance Related Activities
- Website
- osbplf.org
- Keywords
- Primary Professional Liability Coverage, Excess Professional Liability Coverage, Claims Defense, Repair, Practice Management, Loss Prevention, Personal Assistance through Oregon Attorney Assistance Program, CLE.
- HQ
- Tigard, OR
Professional Liability Fund Questions
Professional Liability Fund's website is osbplf.org
Professional Liability Fund's LinkedIn profile is https://www.linkedin.com/company/osb-professional-liability-fund
Professional Liability Fund has
36 employees.
View email and phone details for 36
employees at Professional Liability Fund.
Professional Liability Fund's industry is
Insurance
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Professional Liability Fund's categories are Insurance
Professional Liability Fund's founding year is 1978
