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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.

4 min read

Checklists for Closing Your Practice and Winding Up Your Business

Common reasons lawyers close their practices include a medical disability, wanting to retire, a move out-of-state, or a career change. While the specific steps that need to be taken and the time frame involved can vary significantly depending upon...

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2 min read

Why Prioritize Wellness?

It should come as no surprise that wellness has become a front and center topic in recent years, particularly in the legal profession; but I have a...

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14 min read

ALPS In Brief – Episode 38: Empower Your Employees to Make Smart Security Decisions

As an organization or law firm of any size looking to build a cybersecurity plan, your first step should be training your staff — making everyone...

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2 min read

One Reason Why Reminders Never Hurt

I took a call worth sharing because the learning it provides serves as a good reminder about the perils that can arise from a failure to follow...

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2 min read

How to Avoid Getting Hoodwinked by Phony Help Desk Contact Information

I have two points to make with this short post and I’m going to start with the one that’s easier to swallow: fake help desks. Here’s the long and...

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6 min read

Why Effective Client Communication Is all About Details and Documentation

ABA MRPC Rule 1.4 Communication seems clear on its face. Attorneys are to keep clients reasonably informed about the status of their matters as well...

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22 min read

ALPS In Brief – Episode 36: What Lawyers Can Learn from Living on Mars

Featured in the hit Gimlet Media podcast, ‘The Habitat,’ Dr. Tristan Bassingthwaighte, architectural designer, space researcher, and resident of...

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2 min read

How to Avoid Ever Thinking “Oh, I Shouldn’t Have Said That”

I recently asked several of our claims attorneys to identify the top habits they felt new lawyers should develop from day one. With one exception,...

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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...

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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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