Cba Insurance Agency

Name

Cba Insurance Agency

Legal name

CBA Insurance Agency

Website

https://cbainsurance.org

Company type

Private

Founded year

1994

Operating status

Operating

Ownership category

akta.pro rank

Product category

Insurance Brokerage Services

NAICS

Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Professional Firms BOP (Office/Professional) (FSAJAFAE)

akta.pro secondary industries

Retail (Personal Lines) Insurance Brokerage (FSAEADAA), Mid-Market Commercial Package (Package Policies) (FSAJAFAB)

Keywords

• Legal malpractice insurance
• Cyber liability insurance
• General liability insurance
• Insurance brokerage services
• Professional liability coverage

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Insurance Brokerage Commissions: CBA Insurance Agency acts as a broker earning commissions from multiple insurance carriers for placing insurance policies. The agency receives quotes from various top-rated carriers and receives compensation when policies are bound through their agency.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

CBA Insurance Agency operates as an insurance brokerage firm that shops the market on behalf of clients and provides complimentary, no-obligation quotes from multiple top-rated insurance carriers. Its core offering is Legal Malpractice Insurance for law firms of all sizes, locations, and practice areas, paired with Cyber Liability Insurance and General Liability Insurance for the legal profession. The agency also distributes Health, Life, Disability, Long-Term Care, Vision, Dental, Medicare, and Pet Insurance, plus wealth management and retirement planning services to CBA members, their families, and their employees through partner relationships.

Product overview

CBA Insurance Agency operates as a multi-product insurance agency platform offering 12 distinct insurance and financial services tailored to the legal community. The core portfolio centers on professional liability products (Legal Malpractice Insurance) and cyber/digital protection (Cyber Liability Insurance, General Liability Insurance), complemented by personal insurance offerings (Health, Life, Disability, Long-Term Care, Vision, Dental, Medicare, and Pet Insurance) and wealth management services. Services are delivered through strategic partnerships with third-party providers including IXSolutions (health/ancillary), True Wealth Strategies (wealth management/life insurance), Irwin Cohen Group (disability insurance), and MetLife (pet insurance), with premium financing available through Imperial PFS. The agency acts as a broker connecting law firms and legal professionals with top-rated insurance carriers.

Differentiator

Problem solved

Functional benefit

Products and services

• Legal Malpractice Insurance Professional liability coverage for law firms of all sizes, locations, and practice areas, providing complimentary no-obligation quotes from multiple top-rated carriers. Includes claims-made policy options, retroactive-date continuity, and extended reporting endorsement (tail coverage).
• Cyber Liability Insurance Coverage for digital threats impacting the legal industry, including data breaches, hacking, phishing attacks, and fraudulent wire transfers. Provided in collaboration with leading Cyber Liability Insurance carriers.
• General Liability Insurance Comprehensive coverage for third-party claims of bodily injury, property damage, business furniture/equipment, and personal injury such as slander and libel.
• Health Insurance Group and individual health plan options for CBA Members, their families, and employees through partnership with IXSolutions, including Individual Health, Group Health, COBRA, Medicare, Vision, and Dental coverage options for employers with 2 to 2,000 employees and individuals.
• Life Insurance Fully underwritten life insurance for CBA Members, families, and employees through True Wealth Strategies, with options including Term Life, Whole Life, Universal Life, and Employer-Sponsored Plans.
• Disability Insurance Individual and employer-sponsored disability insurance programs with CBA Member discounts, delivered through partnership with Irwin Cohen Group, designed specifically for lawyers and law firms.
• Wealth Management & Retirement Planning Customized financial and insurance planning services including wealth management, investments, retirement planning, and life insurance, delivered through a dedicated advisor via partnership with True Wealth Strategies.
• Long-Term Care Insurance Long-Term Care Insurance solutions including Traditional Long-Term Care Policies, Hybrid Life & Long-Term Care Plans, and Employer-Sponsored Programs delivered through True Wealth Strategies.
• Vision Insurance Vision insurance coverage for CBA Members, families, and employees, offered through the partnership with IXSolutions.
• Dental Insurance Dental insurance coverage for CBA Members, families, and employees, offered through the partnership with IXSolutions.
• Medicare Coverage Medicare coverage options for individuals, available through the agency's partnership with IXSolutions.
• Pet Insurance Comprehensive pet insurance with exclusive CBA Member discounts, covering unexpected vet bills, accidents, and illnesses, offered through partnership with MetLife.

Quantifiable outcome

• Receive competitive quotes from multiple top-rated carriers within 2-3 business days
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• IXSolutionscoreStrategic or Co-development PartnerCBA Insurance Agency has partnered with IXSolutions, a Chicago-based company, to offer comprehensive health and ancillary insurance solutions. IXSolutions provides group and individual health insurance, COBRA, Medicare, vision, and dental coverage options for employers with 2 to 2,000 employees and individuals seeking coverage.
• True Wealth StrategiescoreStrategic or Co-development PartnerCBA Insurance Agency partners with True Wealth Strategies and their Financial Representative Michael Taff to offer wealth management, retirement planning, life insurance (term, whole life, universal life, employer-sponsored plans), and long-term care insurance solutions (traditional policies, hybrid life & LTC plans, employer-sponsored programs) to CBA Members.
• Irwin Cohen GroupcoreStrategic or Co-development PartnerCBA Insurance Agency has teamed up with Irwin Cohen Group to deliver personalized disability insurance designed specifically for lawyers and law firms. Irwin Cohen Group is recognized as a leading disability insurance resource within the legal community, offering both individual and employer-sponsored programs.
• MetLifecoreStrategic or Co-development PartnerCBA Insurance Agency has partnered with MetLife to offer comprehensive pet insurance that provides peace of mind for lawyers and law firms. MetLife is a leading name in pet insurance offering reliable protection with flexible plans covering unexpected vet bills, accidents, and illnesses.
• Various Top-Rated Insurance CarrierscoreChannel Partner/ Reseller/ DistributorCBA Insurance Agency works with multiple top-rated insurance carriers for legal malpractice insurance. The agency does not work with carriers having an A.M. Best rating lower than 'A- (Excellent)'. Carriers provide coverage for legal malpractice, cyber liability, and general liability insurance.
• Imperial PFSminorGTM or Marketing PartnerImperial PFS provides premium financing services for CBA Insurance Agency clients who prefer to spread their insurance premium payments over time rather than paying annually. A variable APR applies and a down payment is required to bind coverage.

Scale indicators2 records

Recent moves6 records

Broad incumbents

• USI Insurance Services: Large national broker with a dedicated professional services practice that places legal malpractice, cyber, and commercial coverage for law firms. Competes head-on for mid-market law firm accounts that CBA Insurance Agency targets.
• Marsh McLennan: Global broker with a substantial professional liability practice serving law firms of all sizes. Represents the upper bound of competitive pressure for larger firm clients CBA Insurance Agency cannot serve.
• Arthur J. Gallagher: Major broker with dedicated professional and management liability practices including lawyers' professional liability. Competes for the same middle-market law firm placements.
• HUB International: Mid-market-focused broker with professional liability practices serving law firms regionally and nationally. Comparable as a multi-product broker competing for the same Chicago/Midwest accounts.
• Lockton: Largest independent broker with professional services expertise, serving law firms on malpractice and cyber lines. Comparable as a sophisticated alternative broker for mid-to-large firms.

Direct peers

• Herbert H. Landy Insurance: Long-standing broker affiliated with the Massachusetts Bar Association and other legal associations, focused on lawyers' professional liability and personal insurance for attorneys. Comparable niche legal-vertical broker with bar-association distribution.
• ABA Insurance (American Bar Association): National insurance program run in affiliation with the American Bar Association, offering professional liability and personal lines to bar members. Closest direct peer given shared bar-association captive-distribution model and legal-vertical specialization.
• Pearl Insurance: Specialty broker that operates association-affiliated insurance programs including bar association offerings. Highly comparable as an association-sponsored broker with multi-line personal and professional products.

Emerging players

• Attorney Protective (Hanover Insurance Group): Specialty carrier/affiliated program focused exclusively on lawyers' professional liability. Comparable as a legal-malpractice-focused offering, though it operates more on the underwriting/affinity side than pure brokerage.

Others

• IXSolutions: Chicago-based health and ancillary insurance specialist and current partner of CBA Insurance Agency. Adjacent enabler providing the health/vision/dental/Medicare product line rather than a direct competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks4 records

Key highlights5 records

Customer concentration

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 Cba Insurance Agency