Bar Plan Mutual Insurance Missouri (MO): Company description, Contacts, Locations , Reviews

The Bar Plan Mutual Insurance Company offers insurance products tailored for lawyers and law firms in the United States.

Their services encompass malpractice insurance, court bonds, group terms, lawyers’ business owner’s policy, and workers’ compensation.

Company description

When it comes to enhancing your practice, The Bar Plan stands out as an exceptional insurance partner.

Created by lawyers for lawyers, our comprehensive range of coverage options includes award-winning Lawyers’ Professional Liability and Court Bonds.

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Bar Plan Mutual Insurance Missouri

 

They also offer Business Owner’s Insurance, Workers’ Compensation, group term life and AD&D insurance, CLE, and risk management services, all backed by top-notch customer service.

The Bar Plan Mutual Insurance Company specializes in writing lawyers’ professional liability insurance in Missouri, Kansas, New Mexico, Tennessee, and Indiana.

In collaboration with our subsidiary, The Bar Plan Surety and Fidelity Company, They provide Court Bonds across all 50 states.

They operate as a mutual insurance company, owned by their policyholders, with a mission to deliver broad coverage at the most competitive rates while ensuring long-term financial stability.

Unlike many commercial carriers that enter and exit the market based on corporate goals, They have been a consistent presence, serving Missouri lawyers continuously since 1986.

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The Bar Plan Mutual
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Their unwavering focus is on the legal community, offering CLE seminars, a risk management hotline, practice management services, and active support for local bar associations.

Bar Plan Mutual Insurance Company Contacts

  • Website

http://www.thebarplan.com

3149653333

  • industry

Insurance

  • Company size

11-50 employees

  • Headquarters
St. Louis, MO
  • Founded
1986
  • Specialties
  1. Lawyers’ Professional Liability Insurance
  2. Court Bonds
  3. Risk Management Services
  4. Practice Management Services
  5. Workers’ Compensation
  6. Lawyers’ Business Owner’s Policy
  7. Group Term Life Insurance for The Missouri Bar

Address

  • (314) 965-3333.
  • TOLL FREE: (800) 843-2277.
  • 622 EMERSON RD, SUITE 100, ST. LOUIS MISSOURI 63141.

 

Locations 

Primary

1717 Hidden Creek Court, St. Louis, MO 63131, US

A.M. Best Withdraws Ratings of The Bar Plan Mutual Insurance Company

On April 14, 2015, at 04:57 PM Eastern Daylight Time, A.M. Best announced a series of rating adjustments for The Bar Plan Mutual Insurance Company (The Bar Plan) located in St. Louis, MO.

The changes include a downgrade in the financial strength rating from B++ (Good) to B+ (Good) and a reduction in the issuer credit rating from “bbb” to “bbb-”. Both ratings have been revised from a negative to a stable outlook. In addition, A.M. Best has withdrawn the ratings at the company’s request.

These rating actions are a result of The Bar Plan’s underwriting and operating performance experiencing unexpected deterioration in 2014. A.M. Best has expressed concerns regarding the company’s future operating results, pricing adequacy, and potential developments in large claims.

However, it’s worth noting that the ratings still indicate The Bar Plan’s supportive capitalization.

The ratings were determined using Best’s Credit Rating Methodology, which offers a comprehensive explanation of A.M. Best’s rating process and the criteria used in that process

The following key insurance criteria reports were employed:

  1. Assessment of U.S. Surplus Notes
  2. Rating of Insurance Group Members
  3. Risk Management and its Impact on Insurance Company Ratings
  4. Comprehending BCAR in the context of Property/Casualty Insurer

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