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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.

Solo attorneys deserve an insurance solution designed to make life easy

YOUR SUPERPOWER IS HELPING PEOPLE. OURS IS HELPING YOU.

Law Firm & Legal Malpractice Insurance
for Solo Practitioners

Solo attorneys have to do it all. Often that takes you away from the reason you went to law school in the first place: to help people. Getting new clients, taking care of current ones, running a business, and maybe even taking care of a family—it's all on you. We want to help you be successful by making it as easy as possible to work with us.

ALPS offers new solo attorneys affordable MALPRACTICE insurance through our First Flight program. Check out the details here.

Recommended Insurance Products for Solo Attorney

Protect your ability to help people with these three types of insurance every sole proprietor 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 a solo attorney to purchase.

Many solos can get a policy online with our flagship, ALPS Property & Casualty Insurance, in as little as 10 minutes. Our law firm experts also have access to a network of other carriers that offer protection to solo firms.

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Cyber Liability Insurance 

An Essential Layer of Protection 

Now, more than ever, solos must protect their digital footprint. 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 that 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 solos because you work directly with clients and your property has value. Get protected from client accidents and other uncontrollable scenarios.

Other Insurance Products Solos Might Need

Depending on your firm structure, you should consider these other standard business insurance solutions.

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Workers' Compensation Insurance 

Mandatory in most states if you have employees.

Icon representing employment practices liability insurance

Employment Practices Liability

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

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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 you or an employee drive for the firm.

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Bonds for
Attorneys

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

Icon representing directors and officers liability insurance

Directors & Officers
Liability

Recommended if you are a director or officer.

 

Smart protection for your Solo Firm is easy

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STEP 1

Select the Right Insurance For You.

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STEP 2

Take Advantage of Solo-specific Resources

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STEP 3

Focus On What You Do Best

Not sure which insurance is right for your solo firm?

Answer 5 Questions and Get Personalized Recommendations That Fit Your Firm

TAKE THE QUIZ
 

YOU WORK HARD AS AN ATTORNEY. LET US MAKE IT EASY TO PROTECT YOUR ENTIRE FIRM.

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 about which insurance is right for you. We'll help you navigate which insurance you need so your time can be spent 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 that wants to help solo attorneys be better at practicing law.


You Deserve To Partner With A Company Dedicated to Solo Attorneys. See What Other Lawyers Like You Have To Say.

 

THE ALPS GUIDE TO GETTING STARTED SOLO

Important First Steps To Getting Your Own Solo Practice Up And Running.

Get the answers to the most pertinent questions you should ask yourself before you hang your shingle.

Position yourself to open your practice with this free guide. It’s never too early to start planning! Includes sample waivers and forms

GoingSolo[1]

 

Icon of business people wearing superhero capesPosition Yourself For Success

Start your practice off on the right foot by developing an effective business plan. From creating a budget to choosing the best legal structure, give yourself the best chance to succeed.

Icon of law firm buildingManage The Business Side Of Law

Ensure your firm's long-term success by seeing the big picture of marketing and finance and reducing all of your risks.

Icon of successful attorneyBe A Better Lawyer

There’s a reason why more State Bars endorse ALPS than any other carrier. Learn from our 30+ years of experience in reducing risk for law firms.

 


Check Out More Valuable Content Created Just for The Solo Attorney

How to Start a Law Firm Resources

How to Start a Law Firm Resources

Everything you need to know about starting a law firm from the experts in protecting them.

Guide to Purchasing Law Firm 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!

Succession Planning Resources

Law Firm Succession Planning

Resources to help you put together a proactive plan and create a successful transition for your firm.

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