ALPS Parental Leave Coverage
Life takes us in different directions and sometimes that means taking a break from the practice of law. We’re here to help you when it’s time to hit play again.
This is why ALPS created Parental Leave Coverage.
We listened to lawyers, particularly women in the profession, who have struggled to take time away from the practice of law for extended maternity leave or to stay at home to raise children. Hearing this, we wanted to help overcome the hurdle of re-entering the profession.
DOES THIS APPLY TO YOU?
Here are just a few examples of who this coverage is designed to help:
Alison, a lawyer who left a multi-attorney firm to take 5 years away from the practice of law to care for her son. He recently started kindergarten and Alison is ready to re-join the firm and regain prior acts coverage.
Andrew, a lawyer who left a multi-attorney firm to take a year of paternity leave. When returning to practice, he decides to start a solo firm rather than returning to his previous firm but would like his prior acts to be covered.
Leah, a partner in charge of recruitment for her firm, looking for a unique benefit that offers flexibility and comfort to potential candidates that may want to hit pause in the future.
ALPS is the only carrier offering this coverage benefit to accommodate today’s lawyers.
Have control over your prior acts coverage and feel comfortable taking the time you need. If you are a current ALPS insured and would like more information about our Parental Leave Coverage, please ask your Account Manager.
If you are not an ALPS-insured attorney and would like to make this type of coverage available for your firm as a benefit to your employees, please contact us today and find out more about getting a quote from ALPS.
Frequently Asked Questions about ALPS Parental Leave Coverage
What is ALPS Parental Leave Coverage?
It’s a coverage option for attorneys seeking to regain their prior acts coverage following a parental leave from the practice of law. ALPS is the only carrier offering this coverage benefit to accommodate today’s lawyers.
Who is eligible?
Attorneys who took parental leave from a multi-member firm and who have not rendered any professional services during that leave. The attorney may be eligible to reinstate their prior acts coverage with the same firm, with a new firm or as a solo practitioner. Eligibility is subject to underwriting discretion.
Who is not eligible?
An attorney who renders professional services in any capacity while on extended leave is not eligible. This would not include work done as a member of a non-profit organization board, but may be subject to underwriting discretion.
An attorney who was formerly a solo practitioner and is seeking to regain prior acts coverage following a parental leave. Solo practitioners have the opportunity to purchase an Extended Reporting Period (ERP) Endorsement at the time they were eligible and should pursue the ERP to cover their exposure.
Additionally and subject to underwriting discretion, an attorney who has previous claims activity or disciplinary issues may be considered ineligible for this coverage.
How much does this coverage cost?
The cost is determined by our filed rates in each state, which relies on individual attorney characteristics, the exact date of coverage requested and other factors.