Minnesota Lawyers Mutual Insurance Company (MLM), established in 1982, provides stable malpractice insurance and risk management services to lawyers.
With over $190 million in assets and a surplus of $200 million, MLM operates in 15 states and has returned $77 million in dividends over 35 years.
MLM was created during a time of turbulent insurance markets, with the support of the Minnesota State Bar Association and contributions from individual lawyers.
Today, MLM remains committed to serving the legal community as a reliable insurance provider.
The purpose of this article is to be the ultimate guide in providing information about Minnesota Lawyers Mutual Insurance Company ratings, reviews, financial stability, and customer care contacts like phone numbers and email addresses not forgetting their claim process and careers.
How to file a claim with Minnesota Lawyers Mutual Insurance
To file a claim with Minnesota Lawyers Mutual Insurance Company (MLM), you first have to go to the claims page and then follow the following steps
Here is a breakdown of what happens in each step of the Minnesota Lawyers Mutual Insurance claims process, based on the information on their website that looks like this
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Step 1: Welcome
On the welcome page, you will be greeted with a brief overview of the claims process and a link to the claims form.
Step 2: Contact Info
The contact information page requires you to enter your details such as full name, residential address, telephone number, and email.
If you have legal representation, you must also supply your attorney’s name and contact details.
Step 3: Claim Information
The claim information page requests specifics regarding the claim. This includes the incident’s date and time, an account of the supposed negligence or malpractice, and the claimant’s name and contact details.
Additionally, you are required to attach a copy of the legal complaint or relevant documentation, when applicable.
Step 4: Attachments
On the attachments page, you can upload any supporting documentation for your claim, such as a copy of the complaint, a copy of the settlement agreement, or any other relevant documents.
Step 5: Submit
Once you have completed all of the steps and attached any relevant documentation, you can submit your claim.
Once you have submitted your claim, MLMIC will investigate the claim and decide whether to cover the claim and, if so, how much to pay. You will be notified of MLMIC’s decision in writing.
Please note that claims can also be submitted online at any time, day or night.
Another alternative way is to Call the MLMIC claims department at (800) 422-1370 and they will be able to guide you on what to do.
Minnesota Lawyers Mutual Insurance phone number and operating hours
The Minnesota Lawyers Mutual Insurance phone number is (800)422-1370.
The website for Minnesota Lawyers Mutual Insurance indicates their business hours are:
Monday to Friday from 8:00 AM to 5:00 PM Central Standard Time.
These hours pertain to the Edina, Minnesota office of MLMIC. Should you need to contact the claims department after these hours, you can leave a voicemail, and your call will be responded to on the following business day.
Minnesota Lawyers Mutual Insurance Address
Minnesota Lawyers Mutual Insurance Company’s address is 333 South Seventh Street, Suite 2200, Minneapolis, MN 55402
Minnesota Lawyers Mutual Insurance headquarters
Their headquarters are in the Greater Minneapolis-Saint Paul Area, Great Lakes, Midwestern US.
Minnesota Lawyers Mutual Insurance Company portal
Their portal is located on the website. You can access it here
Minnesota Lawyers Mutual Insurance Dedicated Helpline Staff Phone number
The company has a toll-free line and encourages its customers to use it. The number is (855) 692-5146 (Toll Free)
Minnesota Lawyers Mutual Insurance AM Best Reviews
The Minnesota Lawyers Mutual Insurance Company (MLM) has established a strong reputation in the industry, underscored by the positive evaluations from AM Best, a notable credit rating agency specializing in the insurance sector.
AM Best has affirmed MLM’s Financial Strength Rating at ‘A’ (Excellent), which speaks to the company’s solid financial stability and its ability to meet its ongoing insurance obligations.
Furthermore, the Long-Term Issuer Credit Rating has been upgraded, reflecting an improved outlook on the company’s ability to meet its senior financial commitments.
Such endorsements are a testament to MLM’s prudent financial management and its commitment to providing reliable coverage for its clients.
The consistent upgrades and positive outlook revisions indicate a trajectory of financial improvement and operational resilience.
This is particularly reassuring for policyholders who rely on MLM for their professional liability needs, as it suggests a robust ability to support lawyers even in complex claim scenarios.
The company’s singular focus on lawyers’ professional liability insurance allows it to hone its expertise and services, ensuring a tailored approach that has evidently resonated well with its clientele, as reflected in these favorable analytical assessments.
Minnesota Lawyers Mutual Insurance careers
For those who are interested in getting a Job at the company, always follow their LinkedIn account and you will be able to see when they alert you about new jobs and opportunities.
Minnesota Lawyers Mutual Insurance reviews
MLMI is a good option for legal professionals seeking specialized insurance coverage and strong customer support.
Hereunder are the pros and cons of the insurance company
Pros of Minnesota Lawyers Mutual Insurance Company
- Specialized coverage for legal professionals
- Strong financial stability
- Comprehensive services
- Excellent customer support
Cons of Minnesota Lawyers Mutual Insurance Company
- Limited offerings for non-legal professionals
- Higher premiums than general insurers
- Limited online quoting options
Minnesota Lawyers Mutual Insurance Company (MLMI) line of business
Minnesota Lawyers Mutual (MLM) is dedicated to addressing the professional liability needs of lawyers, focusing particularly on small to mid-sized law firms. Their product offering centers around the Lawyers’ Professional Liability policy, crafted to be both exhaustive and all-encompassing, ensuring robust protection for their clients.
Key Features of MLM’s Policy
Full prior acts coverage
This feature protects claims related to incidents that occurred before the policy was purchased, assuming continuous coverage.
First dollar defense
Policyholders have their defense costs covered without a deductible, providing immediate financial support in case of a claim.
– Predecessor firm coverage: This extends coverage to include the activities of any firm that has merged with or been acquired by the insured’s current firm.
– Innocent insured protection: Safeguards individual members of a firm who were unknowingly involved in wrongful acts.
– Supplementary payment coverage: Offers additional payments outside of the limits of liability for specified expenses.
– Limits of liability: MLM provides high limits of coverage, with options available up to $10 million.
– Broad definition of “professional services”: Ensures a wide range of legal activities are covered under the policy.
– Worldwide coverage: Offers protection for claims initiated and settled in the United States, its territories, or Canada.
It is important to note that the availability of these coverages, along with other products and services offered by MLM, may be subject to state or other applicable legal limitations and the company’s underwriting criteria.
FAQs
What types of insurance does Minnesota Lawyers Mutual Insurance Company offer?
Minnesota Lawyers Mutual Insurance Company caters exclusively to the insurance needs of the legal community, providing a suite of policy options such as Professional Liability, Cyber Liability, and comprehensive Business Owners’ Policies, along with Workers’ Compensation and Employment Practices Liability insurance tailored for law practices and attorneys.
How can I obtain a quote from Minnesota Lawyers Mutual Insurance?
To obtain a quote from Minnesota Lawyers Mutual Insurance, simply navigate to their official website, complete the quote request form, and one of their specialized agents will reach out to you.
They’ll engage in a detailed discussion about your unique insurance requirements and offer you a personalized quote tailored to your situation.
What discounts does Minnesota Lawyers Mutual Insurance offer to policyholders?
Minnesota Lawyers Mutual Insurance provides a range of discounts for their policyholders, including reductions for a claims-free history, participation in risk management programs, discounts for new clients, group rates through legal associations, and savings for bundling multiple insurance policies together.
The criteria to qualify for these discounts differ, so for detailed information on your eligibility, it is advisable to directly contact Minnesota Lawyers Mutual Insurance or consult with your insurance representative.
Does MLMI provide services beyond insurance coverage?
Yes, the company extends its services beyond mere insurance provisions. It offers a suite of risk management resources, legal education programs, and loss prevention support to legal practitioners.
Their commitment is to equip their clients with the necessary expertise and tools to proficiently manage the intricacies of legal practice.
What sets MLMI apart from other insurance providers?
Minnesota Lawyers Mutual Insurance distinguishes itself by focusing on the legal sector, drawing on over 40 years of experience to cater to the distinct needs and risks faced by legal practitioners.
The company is known for its robust service offerings, reliable customer support, and dedication to risk management for its clients.
