Professional Liability Services, Inc.

What Professional Liability Services, Inc. does

Professional Liability Services, Inc. (PLSI) is a privately held independent insurance agency founded circa 1990 and headquartered in Solon, Ohio, specializing exclusively in Lawyers Professional Liability (LPL) insurance for solo practitioners and law firms. The firm operates with approximately seven employees and serves over 1,100 law firm clients across nine U.S. states—Ohio, Michigan, Indiana, Kentucky, Tennessee, South Carolina, Georgia, Arizona, and Florida—claiming a 98% annual client renewal rate. Its product suite centers on legal malpractice (errors and omissions) coverage, with complementary offerings including cyber insurance for lawyers, tail (extended reporting period) coverage, first-dollar defense options, and business owners' policies, alongside CLE-accredited seminars that double as an acquisition channel.

PLSI monetizes through standard insurance agency commissions on premium placed with a panel of more than twenty top-rated carriers, including Attorney Protective, StonePoint/StarStone, LawyerCare, and Travelers. Pricing is quote-based and varies by firm size, practice area, claims history, and state—solo practitioners typically pay $500-$3,000 annually, while larger firms may face premiums in the tens of thousands. The go-to-market is predominantly direct sales (phone, website application, and email submission), supplemented by in-person CLE seminars across Ohio metros; the agency does not use captive agents or third-party distribution partners. The underlying technology is a conventional multi-carrier quoting and policy management stack rather than a proprietary platform, and the firm's defensibility rests on human expertise in claims-made policy nuances and state-specific bar requirements rather than software differentiation.

The company has no disclosed parent, subsidiaries, institutional investors, M&A activity, funding rounds, regulatory actions, or leadership changes on record. Revenue, ownership structure, and headcount details beyond the approximate seven-employee figure are not publicly disclosed.

Name

Professional Liability Services, Inc.

Legal name

Professional Liability Services, Inc.

Website

https://attorneysliability.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

1–10 employees

Short description

Professional Liability Services, Inc. is an independent insurance agency specializing exclusively in legal malpractice insurance for attorneys and law firms across nine U.S. states, serving 1,100+ clients with a 98% renewal rate.

Ownership category

akta.pro rank

Product category

Professional Liability Insurance Brokerage

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Professional Liability (Errors & Omissions) (FSAJADAB)

akta.pro secondary industry

Professional Umbrella / Excess (E&O/D&O Wrap) (FSAJANAH)

Keywords

• Legal malpractice insurance
• Lawyers professional liability
• Attorney insurance brokerage
• Cyber insurance lawyers
• Law firm risk management

Headquarters

HQ city

Solon

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Insurance Commission Revenue: As an independent insurance agency, PLSI earns commissions from insurance carriers for placing and renewing professional liability policies for law firms. Commissions are typically a percentage of premium collected.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Professional Liability Services, Inc. (PLSI) is an independent insurance agency that specializes exclusively in Lawyers Professional Liability (LPL) insurance for attorneys and law firms. As an independent agency with access to over 20 top-rated insurance carriers, PLSI shops and places tailored legal malpractice policies, cyber insurance, tail coverage, first-dollar defense options, and business owners' policies for solo practitioners, small firms, mid-sized firms, and large firms across 9 U.S. states. The agency also offers CLE-accredited seminars as an educational and client acquisition channel.

Product overview

Professional Liability Services, Inc. is an independent insurance agency specializing exclusively in Lawyers Professional Liability (LPL) Insurance for attorneys and law firms. The core product is Legal Malpractice Insurance covering claims of negligence, errors, or omissions. The company offers Cyber Insurance as a complementary add-on covering data breaches and cyber threats. Additional policy features include Tail Coverage for retiring attorneys and First-Dollar Defense options. The agency tailors coverage for different firm sizes: Solo Practitioners, Small Firms (2-5 attorneys), Mid-Sized Firms (5-15), and Large Firms (15+). They also provide Continuing Education Seminars with CLE credits. Services are available across nine states: Ohio, Michigan, Indiana, Kentucky, Tennessee, South Carolina, Georgia, Arizona, and Florida.

Differentiator

Problem solved

Functional benefit

Products and services

• Legal Malpractice Insurance (Lawyers Professional Liability Insurance)
• Cyber Insurance for Lawyers
• Tail Coverage (Extended Reporting Period)
• First-Dollar Defense Coverage
• Business Owners Policies
• Continuing Legal Education (CLE) Seminars

Quantifiable outcome

• 98% client renewal rate
• +2 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Attorney ProtectivecoreTechnology or IntegrationInsurance carrier partner providing legal malpractice coverage options. Shown in carrier logos on homepage alongside other top-rated providers.
• StonePoint / StarStonecoreTechnology or IntegrationInsurance carrier partner offering professional liability coverage for law firms. Featured as one of the carriers accessible through the agency's network.
• LawyerCarecoreTechnology or IntegrationCarrier partner providing malpractice insurance solutions. Listed among the 'A' rated insurance companies PLSI works with.
• Travelers InsurancecoreTechnology or IntegrationMajor insurance carrier partner offering professional liability coverage. Featured in carrier network providing coverage options for PLSI clients.

Scale indicators8 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Lockton Companies: World's largest independent insurance brokerage with a specialty practice serving law firms. Overlaps on legal malpractice placements but serves a much broader client base across all insurance lines.
• Marsh McLennan: Global insurance broker with a dedicated lawyers professional liability practice. Competes for mid-sized and large firm placements but offers a far broader portfolio of insurance and risk services.
• USI Insurance Services: Large US insurance brokerage with mid-market specialty practices across professional lines. Competes for the small-to-mid law firm segment PLSI serves but offers a much wider product portfolio.
• Aon: Global professional services firm with a large insurance brokerage operation including legal malpractice placements. Competitor for larger law firm accounts but operates across all insurance and risk verticals.

Emerging players

• Hiscox: Specialty insurer with small business professional liability products, including offerings targeting law firms. Competes for direct placement with PLSI's carrier partners and increasingly invests in direct digital channels.
• Brown & Riding Insurance Services: Specialty wholesale insurance brokerage with strong professional lines expertise including legal malpractice. Acts more as a wholesale partner than direct competitor but placement overlap exists for larger accounts.

Direct peers

• CAMICO Mutual Insurance Company: Mutual insurance company providing professional liability insurance to CPAs and, in some offerings, lawyers. Competes for the same niche professional liability customer with similar specialization and risk management focus.
• Lawyers Mutual Insurance Company: Lawyer-owned mutual carrier writing legal malpractice insurance directly to solo and small firms, particularly in Kentucky and other southern states. Directly competes for the same customer and product, but as a carrier rather than a broker.
• Attorneys' Liability Assurance Society (ALAS): Risk Retention Group providing professional liability insurance specifically to law firms. Direct competitor in the legal malpractice niche with a similar focus on larger firms and complex coverage needs.
• The Bar Plan: Independent insurance agency/reciprocal exclusively serving lawyers and law firms with legal malpractice and related coverages. Closest direct competitor — same niche, same customer type, similar independent agency distribution model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/professional-liability-services-inc-

Revenue estimate

Valuation estimate

Number of profiles

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 Professional Liability Services, Inc.