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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.

12 min read

ALPS In Brief – Episode 35: How to Assess Risk to Your Firm? Assess yourself!

ALPS Risk Manager Mark Bassingthwaighte sits down with Matt Sims, co-founder of Standpoint Decision Support Inc. to discuss risk assessment and some new technology that is helping lawyers maximize billable hours, save time, and reduce risks to...

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2 min read

Malpractice Insurance and the Dreaded Reservation of Rights Letter

I suspect having to deal with an allegation of malpractice isn’t something anyone would put on a list of “things I look forward to” for all kinds of...

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3 min read

How Failing to Plan for One’s Retirement Can Become A De Facto Plan to Fail

In light of my 60th birthday celebration soon becoming a memory, my wife and I have been spending a fair amount of time of late reviewing our...

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7 min read

The Basics of Buying Malpractice Insurance

I have yet to read an insurance policy that I would consider a great read. So let’s admit it, insurance policies are rather boring. I suspect few of...

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6 min read

Why You Want To Have Cyber Liability Insurance

Updated June 2023 An attorney’s decision to use a computer tablet, a cloud-based service such as Dropbox, a smart phone, a Wi-Fi network, or even...

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4 min read

When Passwords Fail - A Personal Story

Sometimes married couples see things differently and the only way to resolve the tension is by finally deciding to agree to disagree. That’s how...

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3 min read

Task Batching: How to Manage Hundreds of Emails Every Day

I could hear it in his voice — the frustration over trying to figure out how to deal with a never-ending flow of email was palpable. Unfortunately,...

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15 min read

ALPS In Brief - Episode 33: Responding to Violent Threats in the Workplace

Active shootings can happen anywhere, even in law firms. What can attorneys and their staff do to prepare and protect each other in these kinds of...

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1 min read

How to Create a Data Security Plan

The belief that a computer or network breach is a ‘when,’ not an ‘if’ is practically dogma now. Given this reality, every law practice, regardless...

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1 min read

Malpractice Insurance Basics: Part 1

Malpractice Insurance Claims made vs. Occurrence-based Coverage Before digging into the basics of legal malpractice insurance, I’m going to share a...

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4 min read

Cyber Crime: Why Your Ignorance is Their Power

Few law firms seem to fully appreciate the level of risk that attorneys and staff truly represent. Of course, the ultimate goal is to avoid having...

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2 min read

Beware of Personalized Email and Phone Scams

As the general population becomes ever more skilled at spotting and avoiding the various email and phone scams cybercriminals perpetrate, scammers...

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1 min read

Juice Jacking, What in the World???

As with any cyber threat, prevention starts with awareness of the risk. As a road warrior, I see people taking a particular and absolutely...

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