Avoid Insurance Hassles
You no longer need to navigate a challenging insurance world alone when you deal with the dedicated attorney insurance team at ALPS.
We've crafted solutions tailored to your firm
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.
Welcome to ALPS Insurance, the nation's leader in insurance for solo and small law firms
EASY, COMPLETE INSURANCE SOLUTIONS FOR YOUR FIRM
We understand that solo attorneys have to do it all. Explore the most common insurance solutions created just for the solo attorney.
Your firm is anything but small. Let us protect what makes you unique and craft an insurance solution as targeted as the focus you provide for your clients.
You're not "big-law," yet you face challenges that are growing increasingly complex. Protect the day-to-day aspects before they become too big to handle.
Take confusion out of the mix. All we do is insurance for law firms.
You no longer need to navigate a challenging insurance world alone when you deal with the dedicated attorney insurance team at ALPS.
Keep the focus on your clients when you choose a partner that provides you with one solution to protect your entire firm.
Relax knowing you are partnering with the only national insurance company dedicated to solo and small law firms.
You get access to insurance solutions no other agency can provide. All of them created just for attorneys and law firms.
ALPS Insurance provides you exclusive access to ALPS Property & Casualty -- the largest direct writer of Legal Malpractice Insurance and endorsed by more State Bars than any other carrier.
Choose from a library of resources all aimed at making you better at what you do as an attorney.
ALPS champions attorney wellness — protecting you is as important as protecting your firm.
From a 100% online legal malpractice application to a simple form to start a quote for the rest of your law firm's insurance coverage, it's easy to get started.
Whether you're a solo attorney accepting an Instant Quote for malpractice insurance or a small firm evaluating multiple coverages, you will receive a customized insurance proposal unique to your firm.
Once you accept your quote and your policies are issued, you will be welcomed and invited to share in all of the resources you need. You can relax knowing you're insured by a company that looks out for your law firm's best interests.
While it is the most important insurance for a solo attorney to purchase, lawyers' professional liability insurance (LPLI) can be confusing. This guide covers the basics and gets you started on the right foot.
Being informed on the impact of the various dates of your policy can make a difference in the short -- and long -- term.
Policy limits, deductibles, defense costs (oh my!). Understand what you get be getting for the money you are about to spend.
Solo Attorneys | 2-4 Attorney Firms | 5+ Attorney Firms | |
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Recommended Coverages | |||
Lawyers' Malpractice Insurance AKA Professional Liability Insurance. The core product for every law firm, this covers the professional services you offer to your clients |
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Cyber Liability Insurance Protection for your firm's digital footprint against the ever-evolving world of cybercrime. |
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Business Liability Insurance (other than professional services) Coverage for claims from operating a business - can include business property coverage too! |
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Workers' Compensation Insurance Mandatory in some states, WC protects from work-related employee injuries and illnesses. |
Only if you employ any staff |
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Employment Practices Liability Insurance This is liability coverage from employee lawsuits. It can also provide coverage for non-employee 3rd party claims. |
Recommended if you employ any staff or use contractors. |
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Crime Insurance Protection from theft, fraud, and burglary. Includes coverage for partner or employee theft. |
Recommended if your firm handles funds, data, or client information. |
Recommended if your firm handles funds, data, or client information. |
Recommended if your firm handles funds, data, or client information. |
Commercial Auto Insurance Liability and physical damage protection for vehicles used for firm business. |
Recommended if any members of the firm drive a vehicle on behalf of the firm. |
Recommended if any members of the firm drive a vehicle on behalf of the firm. |
Recommended if any members of the firm drive a vehicle on behalf of the firm. |
Attorney Bonds Common attorney bonds are Notary, Court, Fidelity, and Title agent/Real Estate closing bonds. |
Can be required for court cases, real estate cases, etc. |
Can be required for court cases, real estate cases, etc. |
Can be required for court cases, real estate cases, etc. |
Directors & Officers Liability Insurance Protects lawyers from personal losses if they are sued as a result of serving as a director or an officer of an organization. |
Recommended if attorney is a director or officer of an organization |
Recommended if attorney is a director or officer of an organization |
Recommended if attorney is a director or officer of an organization |
Get Solo Coverage | Get Small Firm Coverage | Get Larger Firm Coverage |
ALPS is more than just a malpractice insurance provider—we're a partner committed to helping solo and small firm attorneys thrive. Here’s why attorneys across the country choose ALPS:
1. We specialize in insurance for lawyers and law firms.
Unlike general insurers, ALPS is 100% focused on the legal community. That means every policy, process, and person is dedicated to protecting attorneys, especially solos and small firms.
2. We’re trusted by more state bars than anyone else.
ALPS is the only provider endorsed by more state bars than any other carrier. Those endorsements reflect the trust and confidence legal professionals and their associations place in us as their partner.
3. We handle claims the way lawyers would want them handled.
Our claims are managed in-house by experienced attorneys. We understand what’s on the line and treat every claim with the care and professionalism it deserves.
4. We help you minimize the risk of claims in the first place.
From free CLEs and risk management tools to practice tips and client education resources, we equip you with the tools to run a stronger, safer practice.
5. We make it easy to get covered.
Our online application is fast, simple, and designed to fit into a busy attorney’s schedule. You can get a quote, customize coverage, and secure your malpractice policy online—without a phone call.
6. We’re built for firms like yours.
While other insurers focus on large firms, ALPS is designed from the ground up for solo practitioners and small firms. That means tailored coverage, fair pricing, and service that understands your world.
A common misconception among some attorneys is that the likelihood of facing a malpractice claim is minimal, leading them to forgo insurance. However, even baseless allegations require a defense, which can be costly. The following numbers will vary between different states, practice areas, and across time. However, approximately 4% of private-practice lawyers in the U.S. will face an allegation of malpractice in any given year. Even if many of those allegations resolve without any loss being paid, those claims still have an impact. Claims can easily take 6 to 24 months to resolve, and defense costs on a claim with any merit can quickly exceed $25,000.
Beyond financial protection, malpractice insurance offers peace of mind, allowing attorneys to focus on their practice without worrying about potential claims. ALPS also provides risk management resources, such as CLE, practice forms, and templates, to help attorneys proactively mitigate the risk of a claim.
Please check out our blog titled, Why Purchasing Legal Malpractice Insurance Is Always a Good Business Decision.
While there is no formulaic way to determine the proper amount of coverage for a firm, a good place to start would be to select limits that allow you to feel comfortable with the amount of protection based on the type of work you perform and the amount of liability that could be imposed should you ever make an error.
ALPS offers you a few different ways to understand your coverage needs:
Blog Articles:
The Basics of Buying Malpractice Insurance
Insurance Coverage Every Small Law Firm Should Consider
Free Downloadable Guides:
ALPS Guide to Purchasing Lawyers Malpractice Insurance
The Top 5 Things That Impact the Cost of Your Insurance
Free 5-Question Quiz with Custom Recommendations
Which Business Insurance Product Is Right For Your Law Firm?