ALPS Corporation
- Company typePrivate
- Founded1993
- HeadquartersMissoula, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
ALPS Corporation firmographics
Firmographics- Name
- ALPS Corporation
- Legal name
- ALPS Corporation
- Website
- https://alpsinsurance.com
- Company type
- Private
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
ALPS Corporation industry classification
Industry- Product category
- Legal Professional Liability Insurance
- NAICS
- Insurance Agencies and Brokerages (52421), Insurance Carriers (5241)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Professional Umbrella / Excess (E&O/D&O Wrap) (FSAJANAH)
Keywords
Where ALPS Corporation is headquartered
LocationHeadquarters
- HQ city
- Missoula
- HQ country
- United States
- HQ region
- North America
Markets served
ALPS Corporation business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Legal Malpractice Insurance Premiums: Primary revenue stream from legal professional liability (LPLI) insurance premiums for law firms. Sold as annual policies with renewal cycles. This is the flagship product and core revenue driver.
- Commercial Insurance Products: Additional insurance products including Cyber Liability, Business Owner's Policy (BOP), Workers' Compensation, General Liability, Employment Practices Liability, Crime Insurance, Commercial Auto, Surety Bonds, Directors & Officers Liability, and Employed Lawyers Liability. Sold as annual policies alongside malpractice coverage.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Quote-based annual insurance policies tailored to firm size and risk profile |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
ALPS Corporation product offering
Product offeringCore offering
ALPS Corporation writes and distributes a specialized portfolio of insurance products targeted exclusively at law firms and attorneys in the United States, with legal malpractice (professional liability) insurance as the flagship. The portfolio extends to cyber liability, business owner's policy, workers' compensation, general liability, employment practices liability, crime, surety bonds, commercial auto, directors & officers liability, and employed lawyers liability, sold on annual policies directly to solo and small firms via online quoting and inside-sales channels.
Product overview
ALPS Corporation is an insurance company offering a comprehensive portfolio of insurance products exclusively for law firms and attorneys. The core offering is Legal Malpractice Insurance, the nation's leading coverage for solo and small law firms, which serves as the flagship product around which additional coverage options are bundled. The product suite includes cyber insurance, business owner's policies, workers' compensation, general liability, employment practices liability, crime insurance, attorney bonds, commercial auto insurance, and directors & officers liability. These products are designed to work together as a complete insurance solution for law firms of all sizes, from solo practitioners to firms with 5+ attorneys.
Differentiator
Problem solved
Functional benefit
Products and services
- Legal Malpractice Insurance ALPS's flagship product providing professional liability coverage for attorneys and law firms against claims of negligence or errors in legal services. Sold as annual policies, tailored to practice areas, firm size, coverage limits, and risk profile, with applications completed online.
- Cyber Insurance Coverage protecting law firms' digital footprint against cybercrime, including data breaches and cyber liability.
- Business Owner's Policy (BOP) Combined commercial coverage bundling property and liability protection tailored for law firms into one convenient policy.
- Workers' Compensation Insurance Coverage protecting employers from work-related employee injuries and illnesses, mandatory in some states.
- General Liability Insurance Coverage protecting against claims of bodily injury or property damage during normal law firm operations, separate from professional liability.
- Employment Practices Liability Insurance (EPL) Protection against employee lawsuits including claims of discrimination, harassment, and wrongful termination.
- Crime Insurance Protection for law firms from losses due to theft, fraud, and burglary committed by employees and outside entities, covering client data and funds.
- Bonds for Attorneys Surety bonds for attorneys including Notary, Court, Fidelity, and Title agent/Real Estate closing bonds.
- Commercial Auto Insurance Liability and physical damage coverage for vehicles used in a law firm's business operations.
- Directors & Officers Liability Insurance Protection for lawyers from personal losses if sued for serving as a director or officer of an organization.
- Employed Lawyers Liability Miscellaneous E&O coverage for professional legal services offered as an in-house attorney.
Quantifiable outcome
- Approximately 4% of private-practice lawyers face a malpractice allegation each year, with claims taking 6-24 months to resolve and defense costs easily exceeding $25,000 even on meritless claims
- +2 more outcomes
Companies that use ALPS Corporation
Customer profileSegments3 records
Ideal customer profiles3 records
ALPS Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
ALPS Corporation partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- State Bars (Multiple)coreALPS holds endorsements from more State Bars than any other insurance carrier. These endorsements represent formal recognition and recommendation of ALPS insurance products to bar members. The State Bar endorsements are a core GTM channel, providing significant trust and credibility within the legal community. Attorneys are referred to ALPS through their bar associations as a trusted provider of legal malpractice and related insurance coverage.
Scale indicators7 records
Recent moves5 records
Expansion highlights5 records
ALPS Corporation competitors and assessment
Company assessmentDirect peers
- Beazley: Beazley is a specialty insurer with a strong professional liability and E&O book, including legal professional liability. Comparable to ALPS as a specialty writer targeting professionals with claims expertise.
- Hiscox: Hiscox is a specialty insurer focused on small businesses and professionals, including legal malpractice and professional E&O for solo/small firms. Its small-business focus and digital distribution model directly mirror ALPS's approach.
- Minnesota Lawyers Mutual Insurance Company: Minnesota Lawyers Mutual is a bar-affiliated legal malpractice writer. Like ALPS, it is built around serving lawyers specifically, leveraging bar relationships and practice-area-specific underwriting — the closest niche comparable.
- Hanover Insurance Group: Hanover is a national P&C carrier with a dedicated Lawyers Professional Liability program serving solo and small law firms. It competes head-to-head with ALPS for the same small-firm legal malpractice customer.
Broad incumbents
- Markel Group: Markel is a specialty insurer with a meaningful professional liability book, including E&O for professionals. Comparable as a specialty-focused incumbent with the capability to compete for niche professional segments like legal malpractice.
- CNA Financial: CNA is a major U.S. commercial P&C carrier with a well-established Lawyers Professional Liability program. Comparable as an incumbent offering legal malpractice to law firms through agents and brokers.
- Travelers: Travelers is a large commercial P&C insurer offering Lawyers Professional Liability as part of its management liability portfolio. Comparable as a broad incumbent competing for the same law firm accounts via broker channels.
- AIG: AIG is a global insurer with a substantial professional liability franchise, including legal E&O. Comparable as a broad incumbent with greater resources that overlap with ALPS's core professional liability offerings.
- Chubb: Chubb is a global P&C insurer with a professional liability offering for law firms. Comparable as a broad incumbent insurer with multi-line solutions that overlap with ALPS's bundled commercial package to law firms.
- AXA XL: AXA XL is a large specialty P&C insurer with a professional liability E&O book, including legal malpractice exposure. Comparable as a broader portfolio carrier that competes in the same professional liability category.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
ALPS Corporation social profiles
Digital presenceALPS Corporation compliance and trust
Trust signalCompliance1 record
ALPS Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
ALPS Corporation leadership team
Management profileNumber of profiles
Profiles1 record
ALPS Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ALPS Corporation M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ALPS Corporation
What does ALPS Corporation do?
ALPS Corporation writes and distributes a specialized portfolio of insurance products targeted exclusively at law firms and attorneys in the United States, with legal malpractice (professional liability) insurance as the flagship. The portfolio extends to cyber liability, business owner's policy, workers' compensation, general liability, employment practices liability, crime, surety bonds, commercial auto, directors & officers liability, and employed lawyers liability, sold on annual policies directly to solo and small firms via online quoting and inside-sales channels.
Is ALPS Corporation a public or private company?
ALPS Corporation is a private company. It is classified as unknown and is currently operating.
When was ALPS Corporation founded?
ALPS Corporation was founded in 1993. It employs 101 to 250 people.
Where is ALPS Corporation based?
ALPS Corporation is headquartered in Missoula, United States, in the North America region.
How does ALPS Corporation make money?
Two revenue lines are on record. Legal Malpractice Insurance Premiums are the primary driver. The others are commercial Insurance Products.
Who are ALPS Corporation's main competitors?
Direct peers on record are Beazley, Hiscox, Minnesota Lawyers Mutual Insurance Company and Hanover Insurance Group. Broad incumbents are Markel Group, CNA Financial, Travelers, AIG, Chubb and AXA XL.
Does ALPS Corporation have an API?
No public API is recorded for ALPS Corporation.
What industry is ALPS Corporation in?
ALPS Corporation's product category is Legal Professional Liability Insurance. Its primary akta.pro industry code is FSAJANAH, Professional Umbrella / Excess (E&O/D&O Wrap). Its NAICS code is 52421 and its SIC code is 6411.