Lawyers’ Insurance 101

/Lawyers' Insurance 101

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 [...]

Why You Want to Avoid a Malpractice Insurance Coverage Gap

Legal malpractice insurance policies are claims-made and reported policies. This means coverage is afforded if a malpractice claim is made and reported during the policy period contingent upon the wrongful act giving rise to the claim having occurred on or after the policy’s retroactive coverage date. And a policy’s retroactive coverage date is usually the [...]

More Bang for your Buck! Supplementary Payments Under ALPS Premier LPL Policy

ALPS PREMIER Lawyers Professional Liability Policy provides four supplemental payments for an insured for specific situations.  Many insureds do not realize these benefits exist.  Do you know what benefits your policy provides? ALPS Premier Policy provides supplemental payment for Loss of Earnings, Disciplinary Proceedings, Subpoena Assistance and Public Relations Event. Put your policy to work [...]

ALPS In Brief Podcast – Episode 15: 2017 ALPS Year in Review

 ALPS recently released our 2017 Annual Report online. Mark Bassingthwaighte was able to sit down with ALPS CFO Sara Smith as she elaborated on a year that was marked by growth and excitement for the company. ALPS In Brief, The ALPS Risk Management Podcast, is hosted by ALPS Risk Manager, Mark Bassingthwaighte. Transcript: MARK: [...]

ALPS In Brief Podcast – Episode 13: Protecting the Public

While he was facilitating the State Bar of Nevada Strategic Planning, ALPS Executive Vice President Chris Newbold, also had the opportunity to sit down with Gene Leverty, Bar President. Nevada is contemplating requiring mandatory malpractice insurance as a condition of licensure. One of the reasons behind the move is to protect the public from engaging [...]

Engagement Letters Matter

Could there be a better time than spring to think about engagement letters?! The birds are singing, the flowers are out, the sun is shining, and it’s the perfect time to clean up those client files and make sure you’ve got all your ducks in a row. Engagement letters can be summarized in one simple [...]

ALPS In Brief Podcast – Episode 10: Why is mandatory malpractice insurance gaining ground?

ALPS Executive Vice President, Chris Newbold, recently sat down with Doug Ende, the Chief Disciplinary Counsel at the Washington State Bar Association in the Bar's Seattle offices. Doug was able to shed some light on mandatory malpractice insurance from a disciplinary perspective and how coverage not only protects attorneys but ultimately is a protection for [...]

Inside vs Outside Limits in 2 Minutes

If you've ever wondered what the difference is between inside and outside limits for legal malpractice insurance, ALPS Business Development Representative Kurt Whitmire provides a two-minute explanation. Transcript: Hi this is Kurt Whitmire, Business Development Representative for ALPS Insurance. Today I'm here to talk to you about the important topic of inside versus outside policy [...]

Help Us Help You!! Keep A Complete Copy of Every File

“I did not keep a copy of my file.” …   Those are some of the most tragic and disappointing words I can hear from an Insured as we are discussing the malpractice claim they recently reported.  Those nine little words can drastically change the outcome of a claim.  Defending a malpractice claim filed against an Insured [...]

ALPS In Brief Podcast – Episode 8: Cyber Coverage 2.0

 There are two types of businesses - those that have been hacked and those that don't know they've been hacked. This may sound like hyperbole, but it's fairly accurate and many of those businesses are law firms. So you may ask yourself, how do I protect my law firm from a hack? Mark sits [...]