Lawyers’ Insurance 101

/Lawyers' Insurance 101

Malpractice Insurance and the Dreaded Reservation of Rights Letter

I suspect having to deal with an allegation of malpractice isn’t something anyone would put on a list of “things I look forward to" for all kinds of reasons, not the least of which is the emotional roller coaster so many experience throughout the life of a claim. Of course, once the claims reporting process [...]

Why You Want To Have Cyber Liability Insurance

An attorney’s decision to use a computer tablet, a cloud based service such as Dropbox, a smart phone, a Wi-Fi network, or even basic email in the furtherance of delivering legal services is not in and of itself unethical nor a poor business decision. The real concern is with what the attorneys who use such [...]

The Basics of Buying Malpractice Insurance

I have yet to read an insurance policy that I would consider a great read. So let’s admit it, insurance policies are rather boring. I suspect few of you have ever really taken the time to read completely through your homeowners or auto policy. There’s nothing necessarily wrong with this as long as your various [...]

Malpractice Insurance Basics: Part 1

Malpractice Insurance Claims made vs. Occurrence-based Coverage Before digging into the basics of legal malpractice insurance, I’m going to share a little insurance history in order to set the stage.  Prior to the 1970’s, legal malpractice policies were occurrence-based, which meant that if a malpractice policy was in force during the time the alleged malpractice [...]

Back To The Basics: To Report Or Not To Report? When in Doubt — Call ALPS

If you are an ALPS-insured firm and are unsure if you should report a situation, but it is on your mind, just call us and we can talk with you about your concerns and the issues involved in your specific fact pattern. Ultimately, it is your decision whether to report a potential claim but failing [...]

Cyber Security Month Round Up

October is National Cyber Security Awareness Month.  To get you on the right track, we've pulled together our favorite cyber-related podcasts from the past year. First, a conversation with Libby Benet, U.S. Lead for Beazley Product Solutions (this was also our very first podcast episode, btw). Libby talks with Mark about the latest trends in cybercrime, [...]

Timely Reporting Of Potential Legal Malpractice Claims Is So Important

Your ALPS policy is a “Claims Made and Reported” insurance policy. What does that mean? It means that as a condition precedent to ALPS’ obligation to defend or indemnify you, you must immediately report any claim, or something that could reasonably be expected to be the basis of a claim, to ALPS during your current [...]

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 policy period. The problem, however, is malpractice claims often don’t arise in the same year the actual misstep occurred. Prior acts coverage is what solves the problem.. In order to help [...]

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 little deeper into ALPS 30+ years of claims experience and what our data is telling us about women attorneys and their lower propensity toward malpractice claims. ALPS In Brief, [...]

Utah State Bar Endorses ALPS as the Legal Malpractice Insurance Carrier of Choice for Members.

Effective July, 1, the Utah State Bar announced its exclusive endorsement of ALPS to meet the malpractice insurance needs of its members.  The Bar was impressed by ALPS’ proven track record, financial stability, excellent policy coverage and proactive risk management practices. “Given its understanding and commitment to lawyers and the legal profession, we felt ALPS [...]