Lawyers Mutual has been in business since 1977. We've been providing continuous financial protection from professional liability to North Carolina lawyers longer than any other insurance company. Lawyers Mutual provides coverage to more than 7500 lawyers throughout the state.
The Company's financial strength is absolute. Lawyers Mutual's assets are invested conservatively, and its reinsurance is of the highest quality. The Company is financially solid. Since 1999, Lawyers Mutual has paid dividends fifteen times with more than $9.24 million dollars returned to policyholders. The Company has established substantial reserves for the payment of claims, and has a sufficient policyholder surplus for the long-term protection of its policyholders. Lawyers Mutual is a licensed carrier regulated by the North Carolina Department of Insurance.
Lawyers Mutual offers something no other insurers in the state provide - a broad program of claims prevention education at no cost to its policyholders. Our members receive alerts, newsletters, practice guides, handouts, a lending library of books and DVDs, and are invited to attend statewide seminars on loss prevention. As a CLE approved provider with the North Carolina State Bar, our free CLE programs represent a savings of hundreds of dollars for our insureds. We believe our commitment to provide continuing education to lawyers and their staff reduces malpractice claims.
As the first mutually owned insurance company for lawyers in the country, Lawyers Mutual has a reputation for leadership, professionalism and commitment to North Carolina lawyers by which other malpractice insurance providers must be measured. Our claims lawyers are leaders in the legal community, serving in local and statewide bar associations, as well as speaking and writing on a variety of legal topics. Our Board of Directors includes many leaders in the legal community, including past Presidents of the North Carolina Bar Association, the North Carolina State Bar and the North Carolina Advocates for Justice. We are pleased to sponsor the Chief Justice's Commission on Professionalism programs that are held across the state. We also recognize and value the many contributions of our insureds that meet the legal needs of the public.
Legal professional liability insurance is the only type of coverage we offer. As a result of doing one thing we do that one thing well. The officers and employees of Lawyers Mutual are always available to discuss your coverage or claims. We also provide education and resources to help you better serve your clients and the public.