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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

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 overhead, the presence of others who can provide personal and professional support, the opportunity for...

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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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4 min read

Do Prospective Waivers of Malpractice Actually Work?

As I often like to do, let me share two brief stories. The first involves a criminal defense lawyer. This lawyer represented a client who refused to...

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12 min read

ALPS In Brief Podcast – Episode 19: A Conversation with Brian Cuban, Author of ‘The Addicted Lawyer’

Addiction, substance abuse and the resulting professional and personal fallout can destroy careers and lives. As another wonderful addition to our ...

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1 min read

Why You Want to Avoid a Malpractice Insurance Coverage Gap

Legal malpractice insurance policies are claims-made and reported policies. This means coverage is afforded if a malpractice claim is made and...

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9 min read

ALPS In Brief Podcast - Episode 18: Diet and Exercise – A Manner of Living

Being busy is often an excuse for not taking care of ourselves, whether that means long days in the office or racking up the airline miles for...

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a lawyer is using public wifi despite the cybersecurity threats to his firm by doing so

4 min read

Public Wi-Fi – Should Lawyers Just Say No?

Public Wi-Fi networks are practically ubiquitous. They’re in airports, hotels, office buildings, coffee shops, restaurants, malls and many other...

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14 min read

ALPS In Brief Podcast - Episode 17: Studying Self-Medication and Seeking a Remedy

Patrick R. Krill, JD, LLM shifted from the practice of law to addiction counseling at the Hazelden Betty Ford Foundation. In partnership with the...

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2 min read

Two Factor Authentication Isn’t the Panacea Many Think It Is

Let me be very clear, two factor authentication (2FA) is an essential security tool that everyone should be taking advantage of when and wherever...

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10 min read

ALPS In Brief Podcast - Episode 16: Attorney Well-Being

Mark Bassingthwaighte sat down with ALPS’ Executive Vice President Chris Newbold earlier this year to discuss the topic of Attorney well-being....

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