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Malpractice insurance offered in 5 States

The Bar Plan by the Numbers

Court bonds offered in all 50 states

Missouri* in force bonds at the end of 2022 increase in business over 2020 52%

The Bar Plan is the endorsed carrier for LPL and Court Bonds by The Missouri Bar, and a Preferred Provider of The Tennessee Bar Association *As reported by the Missouri Department of Commerce & Insurance, using 2022 statistics. **The Bar Plan’s risk management hotline is provided free to all.

2 State Bar Associations

4,529 30%

Our risk managers assisted 145 attorneys with ethics and malpractice issues through our FREE risk management hotline**

Provided 19 continuing legal education (CLE) webinars enabling MO & KS attorneys to meet their full annual CLE requirements for a single fee of only $110.

2022 was a year of transition for The Bar Plan. We sold our office building of more than 25 years and downsized into a more modern and advanced office space designed for how we work and function today. We also transitioned to a new, comprehensive administrative software that consolidates all of our departments onto a single platform, improves automation and efficiencies and allows us to provide a better experience for our customers. This includes advanced online features and capabilities.

Transition is never easy, but our team took these challenges in stride and produced a very solid year for The Bar Plan with an increase in Direct Written Premium, and Net Income of $324K. We recognize that our transition was also shared by our customers and brokers, and we thank you for your patience and flexibility. We are committed to providing a first-rate experience for you that includes 24/7 online and self-help features that are important to you, and this transition has only just begun. Stay tuned.

Karen R. McCarthy President and CEO

The Bar Plan has made numerous changes to keep costs low for our policyholders

Statutory Statements of Admitted Assets, Liabilities, & Surplus

Statutory Statements of Operations & Changes in Surplus

The Bar Plan has maintained an “A” “Exceptional” Financial Stability Rating from Demotech, Inc. since 2012. The Bar Plan earned its “A” “Exceptional” rating based on a strong balance sheet, key financial indicators, and demonstrable financial stability.

Demotech, a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers, was the first company to review and rate these types of companies since 1985. Demotech assigns accurate, reliable and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurers and Title companies. FSRs are a leading indicator of financial stability, providing an objective baseline of the future solvency of an insurer. Unlike other ratings agencies, Demotech focuses on objective measures rather than subjective measures that often unfairly penalize regional, specialty companies. Demotech’s philosophy is to review and evaluate insurers based on objective financial criteria rather than solely on financial size.