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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.

2 min read

When The Client Wants Your File Too

You’ve given it your all and your client has been pleased with how the matter progressed. However, now that things are wrapping up, this client thought the time was right to let you know that once everything is finalized you are to turn over the...

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2 min read

Disengagement Letters Verses Letters of Closure - Two Sides of the Same Coin

Some may view this as me being nitpicky, but there is a difference between disengagement letters and letters of closure. Yes, while both serve to...

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1 min read

Why Would A Small Law Firm Be An Attractive Target For A Cyber Criminal?

Regardless of size, any and every law firm is an attractive target for a cyber criminal. Think about it. Law firms serve clients of all shapes and...

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1 min read

Cyber Security Month Round Up

October is National Cyber Security Awareness Month. To get you on the right track, we’ve pulled together our favorite cyber-related podcasts from...

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So What is Prior Acts Coverage?

Under a claims made and reported policy, an insured would have coverage for any covered malpractice misstep that occurs and is reported during a...

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3 min read

When Facing a Malpractice Claim, Please Try Not To Make Things Worse Than They Already Are.

For over 20 years now, I have worked for an insurance company that insures lawyers for their malpractice. Trust me when I say I get it. There are...

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2 min read

Top 5 Law Firm Cyber Security Quick Tips

When I first joined ALPS over 20 years ago, most of my risk management efforts were focused on proper file documentation, calendaring best practices...

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7 min read

ALPS In Brief Podcast – Episode 23: Have You Talked to Nancy Yet?

At ALPS we talk a lot about what makes us different. We can say with confidence that it is because we recognize our people as our greatest asset....

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2 min read

A Decision to Share Office Space Can Be a Great One, Except When It Isn’t.

Some attorneys prefer working in an office share setting. And look, I get it. The reasons for doing so can be compelling. There’s the savings on...

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3 min read

Rethinking Your Backup Strategy in Light of Ransomware Threats

(Updated May 19, 2023) You’ve got a very serious problem on your hands should your firm’s computer network ever become infected with ransomware,...

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Are women attorneys a better insurance risk?

8 min read

ALPS In Brief Podcast - Episode 21: Are Women Attorneys a Better Risk?

In this episode of the ALPS In Brief podcast, ALPS Risk Manager Mark Bassingthwaighte sits down with ALPS Underwriting Manager Leah Gooley to dig a...

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12 min read

ALPS In Brief Podcast – Episode 20: Can We Still Trust Photographic Evidence?

We may have reached, “a fairly critical point where traditional photographic evidence just isn’t as reliable as it used to be.” This according to...

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1 min read

The Top Five Risk Tips for Solo Attorneys

1) In accordance with ABA Model Rule 1.3, plan for your death or disability by designating a successor attorney. There is an obligation to prevent...

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