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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.

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insurance for law firms

7 min read

The Basics of Buying Malpractice Insurance

I have yet to read an insurance policy that I would consider a great read. So let’s admit it, insurance policies are rather boring. I suspect few of you have ever really taken the time to read completely through your homeowners or auto policy....

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6 min read

Why You Want To Have Cyber Liability Insurance

Updated June 2023 An attorney’s decision to use a computer tablet, a cloud-based service such as Dropbox, a smart phone, a Wi-Fi network, or even...

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1 min read

Malpractice Insurance Basics: Part 1

Malpractice Insurance Claims made vs. Occurrence-based Coverage Before digging into the basics of legal malpractice insurance, I’m going to share a...

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3 min read

Back To The Basics: To Report Or Not To Report? When in Doubt — Call ALPS

If you are an ALPS-insured firm and are unsure if you should report a situation, but it is on your mind, just call us and we can talk with you about...

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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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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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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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3 min read

Utah State Bar Endorses ALPS as the Legal Malpractice Insurance Carrier of Choice for Members.

Effective July, 1, the Utah State Bar announced its exclusive endorsement of ALPS to meet the malpractice insurance needs of its members. The Bar...

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1 min read

Why You Want to Avoid a Malpractice Insurance Coverage Gap

Legal malpractice insurance policies are claims-made and reported policies. This means coverage is afforded if a malpractice claim is made and...

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4 min read

More Bang for your Buck! Supplementary Payments Under ALPS Premier LPL Policy

ALPS PREMIER Lawyers Professional Liability Policy provides four supplemental payments for an insured for specific situations. Many insureds do not...

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6 min read

ALPS In Brief Podcast - Episode 15: 2017 ALPS Year in Review

ALPS recently released our 2017 Annual Report online. Mark Bassingthwaighte was able to sit down with ALPS CFO Sara Smith as she elaborated on a...

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9 min read

ALPS In Brief Podcast - Episode 13: Protecting the Public

While he was facilitating the State Bar of Nevada Strategic Planning, ALPS Executive Vice President Chris Newbold, also had the opportunity to sit...

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