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Insurance Glossary

The world of insurance for law firms can be confusing, and difficult to navigate. We've created this glossary because these common insurance terms should be easy to understand.

ALPS LEGAL BLOG

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1 min read

Why Would A Small Law Firm Be An Attractive Target For A Cyber Criminal?

Regardless of size, any and every law firm is an attractive target for a cyber criminal. Think about it. Law firms serve clients of all shapes and sizes in every sector of our economy and thus a significant amount of the data residing on law firm...

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1 min read

Cyber Security Month Round Up

October is National Cyber Security Awareness Month. To get you on the right track, we’ve pulled together our favorite cyber-related podcasts from...

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10 min read

ALPS In Brief Podcast – Episode 24: Train the Brain: Why Lawyer Mindfulness is Good Business

Jeff Bunn, lawyer, wellness expert and owner of the Mindful Law Coaching and Consulting Group, presents the business case for investing in attorney...

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2 min read

Timely Reporting Of Potential Legal Malpractice Claims Is So Important

Your ALPS policy is a “Claims Made and Reported” insurance policy. What does that mean? It means that as a condition precedent to ALPS’ obligation...

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2 min read

So What is Prior Acts Coverage?

Under a claims made and reported policy, an insured would have coverage for any covered malpractice misstep that occurs and is reported during a...

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3 min read

When Facing a Malpractice Claim, Please Try Not To Make Things Worse Than They Already Are.

For over 20 years now, I have worked for an insurance company that insures lawyers for their malpractice. Trust me when I say I get it. There are...

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2 min read

Top 5 Law Firm Cyber Security Quick Tips

When I first joined ALPS over 20 years ago, most of my risk management efforts were focused on proper file documentation, calendaring best practices...

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7 min read

ALPS In Brief Podcast – Episode 23: Have You Talked to Nancy Yet?

At ALPS we talk a lot about what makes us different. We can say with confidence that it is because we recognize our people as our greatest asset....

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2 min read

A Decision to Share Office Space Can Be a Great One, Except When It Isn’t.

Some attorneys prefer working in an office share setting. And look, I get it. The reasons for doing so can be compelling. There’s the savings on...

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3 min read

Don't Be a Jerry

Missoula, Montana is home base to ALPS, the largest direct writer of attorney legal malpractice in the nation. Montana is also the home of some of...

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16 min read

ALPS In Brief Podcast – Episode 22: Project Rural Practice, Progress and Projections

ALPS Executive Vice President, Chris Newbold, caught up with former State Bar of South Dakota President and business transaction and estate...

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3 min read

Rethinking Your Backup Strategy in Light of Ransomware Threats

(Updated May 19, 2023) You’ve got a very serious problem on your hands should your firm’s computer network ever become infected with ransomware,...

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Are women attorneys a better insurance risk?

8 min read

ALPS In Brief Podcast - Episode 21: Are Women Attorneys a Better Risk?

In this episode of the ALPS In Brief podcast, ALPS Risk Manager Mark Bassingthwaighte sits down with ALPS Underwriting Manager Leah Gooley to dig a...

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