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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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law practice management

3 min read

The False Sense of Security that Comes with Redundant Calendaring Systems

(Updated March 2024) In my experience, almost all lawyers have redundant calendars in place. Often there’s a primary master calendar and some sort of backup, which could be anything from a digital backup to a Day-Timer pocket calendar. Some...

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11 min read

ALPS In Brief Podcast – Episode 25: Avoiding Claims – 6 Practices Every Lawyer Should Implement

In this episode of the ALPS in Brief podcast, ALPS claims attorney Kobi Gibbs sits down with ALPS Risk Manager Mark Bassingthwaighte to offer...

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2 min read

Document, Document, Document

A lot of legal malpractice claims come down to a he-said-she-said between the lawyer and the client and, despite ethical obligation of candor...

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2 min read

When The Client Wants Your File Too

You’ve given it your all and your client has been pleased with how the matter progressed. However, now that things are wrapping up, this client...

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Attorney wearing a red sweater writing a letter.

2 min read

Disengagement Letters Verses Letters of Closure - Two Sides of the Same Coin

Client relationships can end for any one of a number of reasons, to include a matter has been resolved, the client no longer wishes to proceed, or...

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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...

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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

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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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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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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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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2 min read

Why You Must Immediately Report a Cyber Claim

It seems that every week, the news reports on yet another company that suffered a cyber breach. Law firms, even small firms, are not immune from...

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12 min read

ALPS In Brief Podcast – Episode 20: Can We Still Trust Photographic Evidence?

We may have reached, “a fairly critical point where traditional photographic evidence just isn’t as reliable as it used to be.” This according to...

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