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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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solo and small firm resources

Yes, you! Everything you want to know about setting up your small firm for success, managing the billable hour (along with everything else!), customizable resources, and how-tos so you can fill in the blanks without missing a beat.

Lawyer realizing her firm is failing

5 min read

5 Reasons Solo Firms Fail

While law firms of all shapes and sizes can fail for any number of reasons, in my experience as a risk manager, there are a few reasons that solo law firms are especially susceptible to. The good news is that many of the reasons can be easily and...

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Confused Lawyer

4 min read

How in the World Can You Not Know Who Your Client Is?

From time to time, I get involved in conversations with lawyers who have called in with a question or concern, and as we talk through the situation,...

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A lawyer  sits on the floor applying for malpractice insurance online

4 min read

What You Need to Know Before Applying for Your 1st Malpractice Insurance Policy

Here at ALPS, we do try our absolute best to make sure the application process is as seamless and convenient as possible. That said, if you have a...

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A yellow lab and a black lab carrying a gavel together

2 min read

New Hampshire Bar Association endorses ALPS Insurance

We are thrilled to announce that as of December 1st, 2023, The New Hampshire Bar Association (NHBA) has named ALPS Insurance as an endorsed provider...

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Lawyers engaged in conflict resolution

3 min read

Why It’s Important to Have Attorney Accountability Built Into Your Firm’s Conflict Checking Process

What happens in your firm if there’s a hit during a conflicts check? Hopefully, the conflict concern is immediately brought to the attention of the...

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scrabble letters spell

7 min read

Why the Use of an Engagement Letter Should Never Be Considered Optional

Engagement letters seem to be one of those documents most lawyers intellectually appreciate the value of but often underutilize. This letter simply...

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Attorney realizing a misstep has occurred

3 min read

How to Avoid Common Co-Counsel Relationship Missteps

Co-counsel relationships are sometimes formed “on the fly,” meaning no thorough discussion as to who will be responsible for whatever occurs. This...

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Man caught in a trap.

6 min read

How to Avoid Common Conflict of Interest Traps

Particularly in the solo and small firm setting, conflict missteps are often not a “whoops, we missed that name” kind of thing. More often the...

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attorney delivering an engagement letter

3 min read

Why It’s Important to Document Scope of Representation

I know lawyers get tired of hearing it and risk folk like me get tired of always having to say it; but there is real value in documenting scope of...

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Making a decision

3 min read

What Non-Engagement Letters Really Do

Over the years I have found a real disparity among attorneys as to their willingness to write non-engagement letters. You know the one. It’s that...

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Trusted staff balancing the books.

3 min read

8 Safeguards to Ensure You Can Trust Your Law Firm Employees

I continue to be surprised at the number of times I learn that a law firm turned over complete oversight of client property to a non-attorney member...

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