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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.

Tailored Coverage. Comprehensive Protection. Peace of Mind.

INSURANCE SOLUTIONS AS SPECIALIZED AS YOUR FIRM

Law Firm & Lawyer Malpractice Insurance
for Small Law Firms

WHEN YOUR REPUTATION IS ON THE LINE, YOU WANT INSURANCE
THAT EVOLVES WITH YOUR FIRM.​

Your firm is anything but small. Whether you specialize in a practice area or how you treat your clients, your experience sets you apart. We want you to protect what makes your firm unique by crafting a complete insurance solution that gives you the confidence to stay laser-focused on your practice.

Recommended Insurance Products for 2-4 Attorney Law Firms

Protect your ability to help people with these three types of insurance every smaller firm should carry.

ALPS Lawyers Malpractice Insurance

Lawyers' Malpractice Insurance

The Core Product for Any Law Firm

Lawyer's Professional Liability (LPL) is the most important insurance for attorneys to purchase.

Gain peace of mind with an application tailored for attorneys with our flagship, ALPS Property & Casualty Insurance. Our law firm experts also have access to a network of other carriers that offer protection to firms.

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Cyber Liability Insurance 

An Essential Layer of Protection 

Law firms must protect their digital footprint and ALPS has been at the forefront of providing lawyers with Cyber Liability Insurance policies.

When you safeguard your data with insurance options from ALPS, you protect the trust you build with your clients and ensure your reputation and livelihood are not at risk.

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Business Liability Insurance

Coverage for law firm operations

Combining general liability (different from your professional liability) and commercial property insurance, your firm gets a blanket of protection.

A smart choice for smaller firms because you work directly with clients, and your property has value. Get protected from client accidents and other uncontrollable scenarios.

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Workers' Compensation Insurance  

Mandatory in most states.

Don't let on-the-job injuries or illnesses impact more than productivity. Workers' Compensation Insurance provides financial protection from work-related employee injuries and illnesses.

Instead of having to defend yourself in court,  use workers’ compensation insurance to pay for an employee's job-related illness or injury.

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Employment Practices Liability

Protect your firm from the litigious nature of today's workplace.

Employment practices liability insurance (EPL) provides coverage for lawsuit expenses related to harassment claims, discrimination claims, and claims of wrongful termination. 

Attorneys are more aware than most that people today tend to sue first and sort out the details later.

Other Insurance Products Small Law Firms Might Need

You should consider these other standard business insurance solutions.

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Crime
Insurance

Protect your firm from any losses due to theft or fraud.

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Commercial Auto
Insurance

Recommended if an attorney or employee drives for the firm.

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Bonds for
Attorneys

Can be required for court cases, real estate cases, etc.

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Directors & Officers
Liability

Recommended if an attorney is a director or officer.

 

Smart Protection for Your Small Firm is Easy

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STEP 1

Select the Right Insurance For You.

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STEP 2

Take Advantage of Small Firm Resources

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STEP 3

Focus On What You Do Best

Not sure which insurance is right for your firm?

Answer 5 Questions and Get Personalized Recommendations That Fit Your Firm

TAKE THE QUIZ
 

YOU WORK HARD TO GROW YOUR PRACTICE.

WE MAKE IT EASY TO PROTECT WHAT YOU'VE BUILT.

Save-Time-with-One-Solution

Protect Your Work

With exclusive access to ALPS Property & Casualty, the largest direct writer of Legal Malpractice Insurance, you get access to insurance solutions no other agency can provide. 

 
Avoid-Insurance-Hassles

Protect Your Business

Stop wondering which insurance is right for you. We'll help you navigate which insurance you need, so you can spend your time with your clients.

Resources-to-Help-You-Improve

Resources to Help You Improve

We care about the entire lawyer. From a healthy law firm to a healthy you, ALPS cares about your well-being.

Deal-with-Law-Firm-Experts

Work With Law Firm Experts

Relax knowing you are partnering with the only national insurance company dedicated solely to solo and small firms.


You Deserve To Partner With A Company That Understands What it Takes to Build A Successful Small Firm. See What Others Have To Say.

 

 

THE ALPS GUIDE TO THE TOP 10 SHORTCUTS TO AVOID

Important Tips to Help You Avoid Common Malpractice Traps
Shortcuts

 

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Be Better At What You Do

Learn from 30+ years of experience analyzing and reducing risk for law firms. Work with the company trusted by more state bars than any other carrier.

 

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Get Advice From Experts In The Field

Every lawyer benefits from mentors and the practical advice that comes from experience. ALPS proudly features articles written for the lawyer of today.

 

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Learn To Up Your Game

Sample forms. Tailored webinars and CLE. Technology and business guides. Get a leg up through a wealth of resources available to help you be better at the practice of law.

 


Check Out This Valuable Content Created Just for Attorneys in Small Law Firms

Guide to Purchasing Legal Malpractice Insurance Resources

Guide to Purchasing Insurance

Learn the basics of how to insure the business risks of running your own law practice.

True Cost of Insurance Resource

5 Things That Impact the Cost of Your Insurance

Learn what goes into how much you pay for such an important part of protecting your firm.

Cyber Security Guide Resource

ALPS Guide to Cybersecurity

How to protect yourself and your firm while keeping the hackers at bay. Includes a printable checklist!

ALPS Guide to Managing Your Firm Resource

The Guide to Managing Your Firm

Learn to proactively manage the day-to-day aspects before they become too big to handle.

10 Shortcuts to Avoid Recession Related Claims Resource

The Top 10 Shortcuts to Avoid

Stay on top of the most common shortcuts & how to avoid common malpractice traps.

Sample Forms and Checklists Resources

Sample Forms & Checklists

Why recreate the wheel? It's easier to get back to work with these sample template forms.

5 Tips to Avoid Recession Related Claims Resource

Tips to Avoid Recession-Related Claims

Get the tools you need today to hopefully avoid a recession-related claim in the future.

ALPS Legal Blog Resources

The ALPS Legal Blog & Resources

Get relevant content to address the unique challenges faced by attorneys today.

ALPS InBrief Podcast Resources

ALPS in Brief Podcast Episodes

Get new ideas and hear the stories that teach valuable risk management (& life) lessons.

Path To Lawyer Wellbeing Podcast Resources

Path to Well-Being in Law Podcast Episodes

Entertaining & conversational, with recognized well-being pioneers in the legal space.

 

Choosing the right partner to protect your firm shouldn't have to be difficult. With ALPS, you can get some time back in your day to focus on why you got into this business in the first place - helping people.

ALPS is Law Firm Insurance Made Easy