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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

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 allow the lawyer to call his girlfriend to testify at trial. There may have been other witness who...

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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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4 min read

Can Lawyers Add Surcharges to Their Bills?

Two quick stories. Years ago, I had a plumbing emergency. The short version is I discovered a broken water line in my kitchen on a Thanksgiving eve....

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4 min read

Managing File Handoffs

Believe it or not, file handoffs can lead to trouble if not properly managed. It doesn’t matter if the handoff is from a partner to an associate,...

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6 min read

ALPS In Brief Podcast - Episode 15: 2017 ALPS Year in Review

ALPS recently released our 2017 Annual Report online. Mark Bassingthwaighte was able to sit down with ALPS CFO Sara Smith as she elaborated on a...

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1 min read

The Top 5 Wire Fraud Prevention Tips

1) Wire fraud fraudsters use spoofed email so learn to spot it. Although there are a number of ways to spoof email, it can be as simple as this. The...

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2 min read

Prospective Clients and the Conflicts They Bring

Consider the following. A lawyer was approached by a family who owned and operated a daycare center. They needed a lawyer because their son was...

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