Business Details
46 Years
experience
Trusted Legal Malpractice Insurance in Oklahoma
OAMIC has been dedicated to protecting Oklahoma lawyers through specialized professional liability insurance since 1980. As the only policyholder-owned legal malpractice insurer based in Oklahoma, we combine deep local expertise with a mutual company structure that prioritizes the needs of our insureds. Our comprehensive coverage solutions include lawyers professional liability, employed lawyers liability, court bonds, office package policies, and workers compensation, all designed to address the unique risks faced by legal professionals.With over four decades of experience, we maintain a steadfast commitment to Oklahoma's legal community through personalized service, competitive pricing, and a proven track record of policyholder dividends. Our team of experienced underwriters and claims specialists works directly with attorneys to provide tailored risk management strategies and immediate support when needed most.
Services
Lawyers Professional Liability
Employed Lawyers Liability
Court Bonds
Office Package Policy
Workers Compensation
Cyber Liability
Employment Practices Liability
Notary Bonds
ERISA Bonds
Probate Bonds
Details
- Year established: 1980
Highlights and features
- We specialize exclusively in legal malpractice insurance for Oklahoma attorneys
- Our mutual company structure ensures policyholder ownership and benefits
- 40+ years of proven experience serving Oklahoma's legal community
- We offer comprehensive coverage packages beyond standard liability insurance
- Local claims handling with direct access to experienced professionals
What people say
Prompt inquiries answered
Knowledgeable and straightforward staff
Peace of mind priceless
Commitment experienced firsthand
Policyholder dividends for 25+ years
Services
Lawyers Professional Liability
Our core offering protects Oklahoma attorneys against claims arising from professional errors or omissions. Coverage includes defense costs, settlements, and judgments with flexible limits starting at $100,000 per claim. We provide worldwide protection and prior acts coverage for established practices. Policyholders benefit from included cyber liability coverage since 2013.
Employed Lawyers Liability
Designed for attorneys working in corporate legal departments, this policy covers claims related to employment-related legal work. Features include $100,000 minimum limits, worldwide coverage, and protection for non-lawyer staff actions. The policy transfers risk from individual attorneys to our specialized insurance protection.
Court Bonds
We offer both fiduciary and judicial court bonds with simplified purchasing processes. Our bonds cover various legal requirements including probate, appeal, injunction, and lost instrument situations. Competitive pricing and expert guidance ensure compliance with Oklahoma court requirements while maintaining cost-effectiveness for legal professionals.
Office Package Policy
Comprehensive property and liability coverage for law firms protects against claims like employment discrimination and wrongful termination. Includes valuable papers protection, business income coverage, and specialized limits for computer operations interruptions. Tailored to address Oklahoma law firms' unique operational risks.
Workers Compensation
Oklahoma-mandated workers compensation insurance protects law firms against financial losses from workplace injuries. Our policies include waiver of subrogation options, employer liability coverage up to $1 million, and specialized endorsements to meet contractual requirements with client entities.
People
Phil Fraim
President and CEO
Leading OAMIC since 1993, Phil Fraim has guided the company's growth while maintaining its mutual structure. With over 40 years of industry experience, he emphasizes personalized service and local expertise in protecting Oklahoma attorneys.
Isaac Fraim
Vice President, Director of Operations
Isaac Fraim oversees operations with a focus on maintaining OAMIC's commitment to Oklahoma legal professionals. His leadership ensures efficient policy administration and continued development of risk management resources for policyholders.
Carolyn Smith
Senior Vice President, Claims
With extensive claims experience, Carolyn Smith leads our claims department to provide prompt, fair resolution of legal malpractice claims. Her team ensures policyholders receive expert guidance during challenging situations.
Alejandro Quinones
Director of Finance
Alejandro Quinones manages financial operations with emphasis on maintaining OAMIC's strong financial position. His leadership supports the company's ability to pay claims and provide policyholder dividends.
Laura Stone
Director of Marketing
Laura Stone develops communication strategies that enhance policyholder engagement and deliver valuable risk management resources. Her initiatives strengthen OAMIC's connection with Oklahoma's legal community.
Questions
What makes OAMIC different from other legal insurers?
As Oklahoma's only policyholder-owned legal malpractice insurer, we combine local expertise with mutual company benefits. Our 40+ years of experience serving Oklahoma attorneys ensures deep understanding of state-specific legal risks.
Do you offer coverage for new law firms?
Yes, we provide tailored solutions for both new and established practices. Our lawyers professional liability policies start at $100,000 per claim limits with deductible options to suit different practice sizes.
How quickly can I get a policy quote?
Most online applications receive quotes within 24 hours. Our streamlined process allows Oklahoma attorneys to obtain coverage quickly through our convenient portal or PDF applications.
What additional products do you offer?
Beyond legal malpractice insurance, we provide court bonds, workers compensation, office package policies, cyber liability coverage, and employment practices liability protection to comprehensively serve law firms' needs.
How are claims handled?
Our Oklahoma-based claims team provides personalized support with direct access to experienced professionals. We prioritize prompt, fair resolution while maintaining policyholders' professional reputations.
Can I get policy modifications easily?
Yes, our online portal allows easy policy changes like adding/removing attorneys or adjusting limits. We also provide dedicated support for more complex policy modifications.
