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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.

6 min read

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...

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1 min read

The Top 5 Wire Fraud Prevention Tips

1) Wire fraud fraudsters use spoofed email so learn to spot it. Although there are a number of ways to spoof email, it can be as simple as this. The...

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2 min read

Prospective Clients and the Conflicts They Bring

In the legal profession, failing to properly manage conflicts of interest with prospective clients can lead to ethical dilemmas, compromised client...

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18 min read

ALPS In Brief Podcast - Episode 12: The Introverted Lawyer

Professor Heidi K. Brown is a former construction litigator, author and self-described introvert. Mark was able to connect with Heidi, who is based...

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11 min read

ALPS In Brief Podcast - Episode 11: Where Legal Tech is Heading

If you are not already aware, ALPS proudly partners with Clio, the easy-to-use cloud-based law practice management software company with over...

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8 min read

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...

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10 min read

ALPS In Brief Podcast - Episode 7: We Can All Use A Champion

ALPS, a professional liability insurance provider, interviewed me about why it is so important for lawyers to find and to be champions. The...

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5 min read

Understanding Tail Coverage

To this day I still get the occasional call from an attorney wanting to know how to go about purchasing a tail policy and my response is always the...

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8 min read

ALPS In Brief Podcast - Episode 6: Pursue the ‘Why’ Intentionally.

Last week the ALPS team gathered for a discussion about the company’s vision this year and beyond. Afterwards Mark sat down with ALPS CEO, David...

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8 min read

ALPS In Brief Podcast-Episode 5: What's your speed? 3 new policies to fit your needs.

ALPS is rolling out three new policy forms this year, offering legal malpractice insurance coverage options to fit your firm’s needs. No one is...

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3 min read

My Former Client Posted What???

No one enjoys hearing feedback about themselves that is critical in nature; but don’t get me wrong. Sometimes we need to hear that we’re not meeting...

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6 min read

ALPS In Brief Podcast-Episode 4: Opening a Law Firm? Think About Protecting Your Future.

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2 min read

Conflicts of Interest: How Past Representations Can Become a Current Problem

I’ve taken numerous calls over the years from attorneys seeking assistance as they try to work through a conflict situation. These are the calls...

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