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Why You Should Never Say Never to Malpractice Insurance -The True Cost of...
I will admit I honestly don’t understand why a lawyer would ever decide to not buy a malpractice policy; but many lawyers do just that and the reasons I hear are many. Some try to justify their...
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Don’t Get Caught by a Legacy System Oversight
My first computer came with a built-in 5 ¼ inch floppy drive and the new 3 ½ inch disk drive that was just out. Suffice it to say I was more than a little excited! This was a DOS based system and I...
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How to Avoid the Legal Fee Suit Counterclaim
You finish a client matter. You believe you did good work and got a good result for your client. Then, as sometimes happens, you are forced to come to grips with the reality that this client has...
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ALPS and Virginia State Bar Celebrate 15 years of partnership
On October 27, 2015 ALPS and the Virginia State Bar commemorated 15 years of partnership.We understand just how important it is to you to have a strong, stable insurance provider. As the VSB’s...
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December 2015 ALPS 411 Blog Digest
Are You Happy? By Mark Bassingthwaighte, Esq.I am so curious about how others might respond to title of this post. I suspect more than a few would simply dismiss the topic viewing it as irrelevant. In...
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Never Minimize the Significance of Client Driven Indemnity Provisions!
I recently took yet another call from a lawyer wanting to know my thoughts about a new business opportunity. It’s the call that starts out with so and so company wants the lawyer to be their exclusive...
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Colorado Bar Association Announces Endorsement of ALPS as its Endorsed Direct...
In July of 2015, based on the unique and differing malpractice insurance needs of lawyers and law firms, the Colorado Bar Association (CBA), after an extensive due diligence process, endorsed two...
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How to Manage the Risks Associated with Substantive Errors
The American Bar Association Standing Committee on Lawyers’ Professional Liability has been providing a statistical analysis of claims data collected from various lawyer-owned and commercial insurance...
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How To Best Fill Out An LPL Policy Application
Filling out applications for Lawyers’ Professional Liability Insurance is about as appetizing as eating that fruit cake your great Aunt Reitha sent you for Christmas. While well meaning, and a “good”...
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How Long Do We Need to Keep Our Closed Files?
As a risk manager, this question is the one question I’m asked more than any other and I get it. Although my wife is a physician, she had to deal with the same issue. We were paying to store her closed...
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ALPS and SpeakWrite partner to serve policyholders
SpeakWrite offers cloud-based transcription service to ALPS customers.ALPS, the nation's largest direct writer of lawyers' malpractice insurance, and SpeakWrite, a cloud-based transcription service,...
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How Much Professional Liability Insurance Coverage Do I Really Need? Part I -...
The practice of law has evolved dramatically over the last 25 years with the explosion of technology. Technological advances have made the practice of law easier and increased its complexity. Society,...
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What You Need to Know Before 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...
View ArticleHOW MUCH PROFESSIONAL LIABILITY INSURANCE COVERAGE DO I REALLY NEED? Part II...
In Part I of my blog, I went through the issues you should consider when deciding how much insurance your firm needs. Part II will go over the features and benefits you should understand as you...
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How to Identify the Potential Clients You Really Should Say No To
Everyone makes a bad decision now and again. Unfortunately, if the bad decision was agreeing to take on a client that you really should have said no to, life just got a little more complicated. In...
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