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Insurance Glossary

The world of insurance for law firms can be confusing, and difficult to navigate. We've created this glossary because these common insurance terms should be easy to understand.

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Mark Bassingthwaighte, Risk Manager

Mark Bassingthwaighte, Esq., serves as Risk Manager at ALPS, a leading provider of insurance and risk management solutions for law firms. Since joining ALPS in 1998, Mark has worked with more than 1200 law firms nationwide, helping attorneys identify vulnerabilities, strengthen firm operations, and reduce professional liability risks. He has presented over 700 continuing legal education (CLE) seminars across the United States and written extensively on the topics of risk management, legal ethics, and cyber security. A trusted voice in the legal community, Mark is a member of the State Bar of Montana and the American Bar Association and holds a J.D. from Drake University Law School. His mission is to help attorneys build safer, more resilient practices in a rapidly evolving legal environment.

3 min read

Why A Lawyer Should Never Try to Shoot from the Hip

As a kid, I always thought any Hollywood cowboy who could shoot from the hip and kill the villain was one tough hombre that no one in their right mind would ever want to mess with. I viewed those cowboys as heroes and would often pretend I was one...

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16 min read

ALPS In Brief – Episode 52: Listening to Your Life Part 2

As Mark alluded to in Part 1 of Listening to Your Life, the journey isn’t over. Mark recaps the lessons learned over a season of cycling, exceeding...

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2 min read

A Risk Management Tip for Attorneys Who Act as Title Agents

Sometimes the teacher becomes the student, which is exactly what happened to me during a post CLE conversation between a panel member and an...

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3 min read

Why You Don’t Get It Both Ways with Of Counsel Relationships

Sometimes a call comes in that I feel compelled to write about and this is one of those times. The question seemed simple enough. Basically, the...

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2 min read

The Ultimate "Should I Report This" Malpractice Insurance Checklist

Here at ALPS, all of us who work in claims and risk management periodically take calls from lawyers unsure if they need to report a claim. While we...

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15 min read

ALPS In Brief — Episode 51: You can’t spell DIVORCE without COVID

It’s no secret that society has seen an uptick in divorces since the start of the pandemic, but there have also been some silver linings in this...

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2 min read

How to Avoid the Small Firm Tail Coverage Trap

Just as with small businesses in every sector, small law firms have widely varying outcomes in terms of business longevity. Over the years, I’ve...

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3 min read

Ten Ways to Have a More Constructive Conversation with Your Clients

In the context of a conversation between an attorney and a client, effective communication occurs when both the attorney and the client feel they...

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19 min read

ALPS In Brief — Episode 50: Desperate Times Call For Desperate Measures

Over the 3 years following this global recession spurred by COVID-19, we’ll see a spike in bankruptcies, business dealings gone south, divorces, and...

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4 min read

Why Failing to Provide Mandatory Security Awareness Training is a Huge Misstep

I will admit that, at times and with topics such as cyber security, I can come across as overbearing to some and as a fearmonger to others. Speaking...

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8 min read

ALPS In Brief — Episode 49: Would You Send All Your Money to a Scammer? Maybe You Just Did.

A lawyer was waiting on a fax with all the information she needed to complete a wire transfer. Fax received, money sent. What she didn’t know? Her...

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2 min read

Why Lawyer Mediators and Criminal Defense Attorneys Should Consider Purchasing Malpractice Insurance

More than a few lawyers who exclusively practice in the mediation or criminal defense space believe that purchasing malpractice insurance is a waste...

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18 min read

ALPS In Brief — Episode 48: Is This My Life Now?

Lawyers become lawyers to help people. To right wrongs, to champion for justice. While law school prepares you substantively for the legal issues...

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