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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

5 min read

Microsoft Teams for Lawyers

Background

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3 min read

How To Address The Shadow IT Problem

What is shadow IT? Let me start with a story I heard recently. A law firm had in place a written policy that set forth a list of approved services,...

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3 min read

Insider Threats: How to Reduce the Risks From Within Your Organization

This blog post is in partnership with LMG Security. With professional hackers and cybersecurity criminals posing a constant threat to law firms big...

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6 min read

The Risks That Come with Serving on a Corporate Board

Underwriters in the legal malpractice insurance space often exercise caution when reviewing applications of firms that have one or more attorneys...

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4 min read

Why It’s Important To Keep Your Emotions In Check After Learning a Malpractice Claim Is In The Works

It’s quite normal for an attorney to have an emotional response after learning a malpractice claim is on the way. Problems arise, however, if the...

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4 min read

Are You Giving Your Clients Non-Verbal Cues About Your Competency as a Lawyer?

The number of times I’ve observed or heard about a problematic nonverbal interaction with a client (to which the involved lawyer or staff member was...

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11 min read

ALPS In Brief - Episode 58: The Vera Project

Mark Bassingthwaighte: Hello, I’m Mark Bassingthwaighte, the risk manager here at ALPS. And welcome to another episode of ALPS In Brief, the...

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5 min read

What Lawyers Should Be Thinking About before Entering into an of Counsel Relationship

The term “of counsel” has multiple meanings. It has been used as an honorary designation for retired partners, a special designation for firm...

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3 min read

Why Don't Malpractice Policies Typically Cover Consulting Work? Understanding the Ancillary Services Coverage Concern

Market forces drive change and, at times, even bring about innovation. So, in response, when a lawyer or firm decides to adjust the business model...

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2 min read

What Lawyers Need to Know About Amazon Sidewalk

Call me crazy, but I simply don’t trust that Big Tech has my best interests at heart with everything they do. In fact, I think it’s quite the...

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1 min read

Debut Demo of the first-of-its-kind Virtual Ethics Risk Assessment at the ABA’s 46th Annual National Conference on Professional Responsibility

Missoula, Montana, June 3, 2021 —ALPS, the nation’s largest direct writer of lawyers’ malpractice insurance, today launched a free virtual resource...

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2 min read

Why Documenting What You’re Not Retained to Do Can Be Important Too

In my experience, too many lawyers appear to be quite comfortable running with an assumption that their client’s understanding of what the scope of...

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3 min read

Buying Insurance For A House Already On Fire

On February 23, 2021, the Montana Supreme Court issued an opinion delivered by Justice Laurie McKinnon in ALPS Prop. & Cas. Ins. Co. v. Keller,...

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