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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

Since 1998, Mark Bassingthwaighte, Esq. has been a Risk Manager with ALPS, an attorney’s professional liability insurance carrier. In his tenure with the company, Mr. Bassingthwaighte has conducted over 1200 law firm risk management assessment visits, presented over 600 continuing legal education seminars throughout the United States, and written extensively on risk management, ethics, and technology. Mr. Bassingthwaighte is a member of the State Bar of Montana as well as the American Bar Association where he currently sits on the ABA Center for Professional Responsibility’s Conference Planning Committee. He received his J.D. from Drake University Law School.

3 min read

How COVID-19 and a Recession Could Impact Malpractice Claims

During a recession, and for the three years following, there has historically been a huge spike in paid claims, which is a number that typically doesn’t return to a more normalized level until five years post-recession. In addition, and looking...

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1 min read

ALPS COVID-19 Risk Management Alert

While missed deadlines are always a risk management concern, the significant number of uncertainties brought about by the COVID-19 pandemic only...

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3 min read

How to Write a 'Closing Your Practice' Letter

Occasionally a lawyer will reach out to me wanting clarification on what should be covered in a letter notifying active clients, whose matters the...

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3 min read

Two Letterhead/Advertising Missteps You Don’t Want to Make

I’ll admit that advertising missteps rarely garner much attention from those who enforce the Rules of Professional Conduct. This shouldn’t be much...

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7 min read

ALPS In Brief — Episode 43: The Problem Lies with the Culture

ALPS Risk Manager Mark Bassingthwaighte shares two real-world stories of attorneys struggling with behaviors that often lead to malpractice claims....

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19 min read

ALPS In Brief — Episode 42: 5 Things That Blur Your Company’s 2020 Vision

ALPS Risk Manager Mark Bassingthwaighte sits down with ALPS CEO David Bell to discuss David’s past, ALPS future, why every company should have a...

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3 min read

Ethics and Disaster Recovery Planning

The ABA’s issuance of Formal Ethics Opinion 482 in September of 2018 finally made it quite clear. Lawyers have an ethical duty to develop a disaster...

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4 min read

ALPS In Brief — Episode 41: The Perils of Bad Follow Through

In this episode of ALPS In Brief, ALPS Risk Manager Mark Bassingthwaighte shares an insightful story of a dream cruise, a freak accident, and an...

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6 min read

What You Learn at the Office Stays at the Office — A Support Staff Confidentiality Primer

Trust, which is built upon a lawyer’s ethical duty to keep all information relating to the representation of a client confidential, is the hallmark...

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2 min read

Malpractice Insurance Basics: Part 2

Prior Acts Coverage With the short history lesson of Part 1 behind us, we can now start to dig into the basics of malpractice insurance. In order to...

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3 min read

How to Recognize When Rationalizations and Creative Lawyering Aren’t the Answer

I’ve heard all kinds of crazy comments from lawyers over the years. For example, during a CLE event with a state bar’s ethics counsel sitting next...

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2 min read

The Fallacy of Trying to Bring One’s Personal and Professional Lives into Balance

For years so many, myself included, have talked about the importance of trying to find a healthy balance between work life and personal life as a...

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2 min read

There’s Something “Phishy” about Certain Text Messages

For the sake of your clients, I hope you, and every other person who works at your firm, know full well what phishing attacks are and at least the...

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