Oklahoma Attorneys Mutual Insurance Company

What Oklahoma Attorneys Mutual Insurance Company does

Oklahoma Attorneys Mutual Insurance Company (OAMIC) is a policyholder-owned mutual insurance company founded in 1980 and headquartered in Edmond, Oklahoma. It is the only Oklahoma-based lawyers professional liability (LPL) insurer and serves as the endorsed Preferred Provider of the Oklahoma Bar Association. The company insures more than 2,300 law firms across Oklahoma, selling claims-made professional liability coverage with limits starting at $100,000 per claim and deductibles beginning at $1,000, alongside employed lawyers liability (ELL) coverage for in-house counsel. Its product portfolio extends to court bonds, office package policies, workers compensation, employment practices liability, title agent E&O, tail coverage (Extended Reporting Endorsement), and a remote online notary platform called Notary Hub; cyber liability is bundled at no additional charge since 2013.

OAMIC distributes through direct sales via its online portal (portal.oamic.com), phone, and email, with no commissioned sales staff. Pricing is quote-based and annually billed, with the mutual structure enabling the return of excess funds to policyholders through dividends — over $37M has been returned since 1994. Technology infrastructure is a standard web-based portal for account management, payments, and claims reporting, supplemented by Google Analytics; no AI or ML capabilities are evident. The company holds a Demotech A Double Prime (highest) financial stability rating, with $66.1M in admitted assets and $46.5M in policyholder surplus.

Revenue is generated primarily through recurring annual insurance premiums across LPL, ELL, and ancillary products. The mutual ownership model means there are no external shareholders; governance is by a Board elected by policyholders. As the sole Oklahoma-domiciled LPL carrier with 40+ years of state-specific claims data (over 3,000 legal malpractice claims defended), OAMIC operates in a protected geographic niche, serving a long-tail of 2,300+ law firms rather than concentrated enterprise accounts. Reinsurance partners back higher-limit cyber coverage, and partnerships with Clio (legal practice management software) and RLI (personal umbrella) extend the ecosystem beyond core LPL.

Name

Oklahoma Attorneys Mutual Insurance Company

Legal name

Oklahoma Attorneys Mutual Insurance Company

Website

https://oamic.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

11–50 employees

Short description

Oklahoma Attorneys Mutual Insurance Company (OAMIC) is a policyholder-owned mutual insurer founded in 1980, serving as the only Oklahoma-based provider of lawyers professional liability insurance for over 2,300 law firms across the state.

Ownership category

akta.pro rank

Product category

Legal Malpractice Insurance

NAICS

Insurance Carriers (5241), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Fire, Marine & Casualty Insurance (6331), Surety Insurance (6351)

akta.pro primary industry

Professional Liability (E&O) (FSAJAGAC)

akta.pro secondary industries

Technology Errors & Omissions (Tech E&O) / Professional Liability (FSAJAOAC), Professional Liability (E&O) Reinsurance (FSAOADAH)

Keywords

• Lawyers professional liability
• Legal malpractice insurance
• Attorney liability coverage
• Mutual insurance company
• Professional indemnity insurance

Headquarters

HQ city

Edmond

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Insurance Premiums: OAMIC generates revenue through annual insurance premiums for lawyers professional liability (LPL), employed lawyers liability, and supplementary products including court bonds, office package policies, workers compensation, cyber liability, employment practices liability, and title agent E&O. As a mutual company owned by policyholders, premiums are set to maintain financial stability while returning excess funds to members through dividends.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Oklahoma Attorneys Mutual Insurance Company (OAMIC) is a policyholder-owned mutual insurer that underwrites and sells lawyers professional liability (LPL) insurance and employed lawyers liability (ELL) coverage to Oklahoma attorneys, with ancillary products including cyber liability, court bonds, office package policies, workers compensation, and employment practices liability. As the only Oklahoma-based LPL insurer, founded in 1980, OAMIC distributes policies directly through its online portal and inside sales team, billing annually and returning excess capital to policyholders as dividends.

Product overview

Oklahoma Attorneys Mutual Insurance Company (OAMIC) offers a suite of insurance products centered on lawyers professional liability (LPL) coverage as its core product, with additional ancillary products designed to protect law firms and attorneys. The main products are Lawyers Professional Liability (LPL) for private practices and Employed Lawyers Liability (ELL) for corporate-employed lawyers. The product portfolio includes add-on coverages such as Court Bonds, Office Package Policy, Workers Comp, Cyber Liability (bundled free with LPL), Employment Practices Liability (EPL), Title Agent E&O, Tail Coverage (Extended Reporting Endorsement), Notary Hub, and Personal Umbrella Policy offered through an RLI partnership.

Differentiator

Problem solved

Functional benefit

Products and services

• Lawyers Professional Liability (LPL) Primary professional liability insurance policy for Oklahoma lawyers and private practices, covering legal malpractice claims with limits starting at $100,000 per claim, $1,000 deductible, claims expense allowance, worldwide coverage, and prior acts coverage.
• Employed Lawyers Liability (ELL) Professional liability policy for lawyers employed by corporations, companies, or organizations rather than in private practice, with limits starting at $100,000 per claim, $10,000 deductible, worldwide coverage, prior acts coverage, and coverage for non-lawyer employees.
• Court Bonds Court fiduciary and court judicial guarantee bonds offered to law firms as a simple and cost-effective bonding solution for court-related obligations.
• Office Package Policy Combined property and general liability coverage tailored for law firms, protecting tangible assets and intangibles such as loss of earnings, with general liability limits ranging from $500,000/$1,000,000 to $2,000,000/$4,000,000 aggregate.
• Workers Compensation Oklahoma-statutory workers compensation insurance that protects law firm employees from financial hardship caused by workplace injuries.
• Cyber Liability Cyber liability insurance automatically included with base limits on every OAMIC LPL policy at no additional charge since 2013, with higher limits available for purchase.
• Employment Practices Liability (EPL) Coverage that protects law firms from workplace litigation including discrimination, wrongful termination, and harassment claims.
• Notary Hub Online platform connecting users with licensed remote online notaries (RON) in Oklahoma for document notarization.

Quantifiable outcome

• 96.2% policyholder retention rate maintained every year
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered minor.

• Third-Party Property & Casualty PartnerminorOthersOAMIC offers office package policies and workers compensation insurance through a third-party partner specializing in property and casualty insurance for professional groups.
• CliominorGTM or Marketing PartnerOAMIC offers its insureds a 10% discount on Clio, the world's leading cloud-based legal practice management software. This partnership provides risk management benefits by encouraging proper calendaring systems to prevent administrative errors.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Beazley: Specialty insurer with a significant global professional liability franchise, including lawyers E&O. A direct competitor to OAMIC for higher-limit Oklahoma firm accounts, but distributes through brokers and operates at much greater scale.
• CNA Financial: Large national commercial P&C carrier that writes lawyers professional liability among its broader management-and-professional-liability portfolio. Competes with OAMIC for larger Oklahoma firm accounts but offers LPL as one of many lines.
• Hiscox: Specialty insurer with a strong professional indemnity and lawyers professional liability offering for small and mid-sized law firms. Overlaps with OAMIC's core segment across the U.S., including Oklahoma, but as part of a broader small-business insurance portfolio.

Regional players

• North Carolina Lawyers' Mutual: North Carolina-specific mutual legal malpractice insurer serving NC attorneys. Operates the same specialty-only LPL model and is highly comparable by mutual structure, customer base, and policy design.
• Attorneys Insurance Mutual of the South (AIMS): Alabama-based mutual legal malpractice insurer serving attorneys across the Southeast with a comparable specialty focus. Closest analog by structure, scale, and product focus, but operating in a different territory.
• Lawyers Mutual Insurance Company of Kentucky: Kentucky-state-bar-affiliated mutual insurer that underwrites lawyers professional liability and related coverages for Kentucky attorneys. Operates an essentially identical state-bar mutual model to OAMIC, differing only by geography.
• Texas Lawyers' Insurance Exchange: Texas-specific lawyers professional liability insurer organized as a reciprocal/affinity exchange, operating the same state-bar-affiliated LPL model as OAMIC but serving a different geography. Comparable as the most direct analog by line of business, customer type, and mutual/affinity structure.
• Minnesota Lawyers Mutual Insurance Company: Minnesota-based mutual providing LPL coverage and ancillary products to Minnesota attorneys. A close structural and product-line peer to OAMIC, with the same single-state focus and bar-association ties.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/OKAttorneysMIC

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oklahoma Attorneys Mutual Insurance Company