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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

Crowdfunding – Is the Solicitation of Donations for Payment of Fees Ever a Good Idea?

Back in 2015, I was one of over 23,000 people who made a donation to a Kickstarter campaign for the Planetary Society’s LightSail project. The original goal was to raise $200,000 to be used for the continued development of a solar sail that would...

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18 min read

ALPS In Brief Podcast - Episode 12: The Introverted Lawyer

Professor Heidi K. Brown is a former construction litigator, author and self-described introvert. Mark was able to connect with Heidi, who is based...

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2 min read

The Phishing is Better than Ever

Remember the good old days when it was pretty easy to recognize a phishing attack? Who couldn’t determine that an email asking for verification of...

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11 min read

ALPS In Brief Podcast - Episode 11: Where Legal Tech is Heading

If you are not already aware, ALPS proudly partners with Clio, the easy-to-use cloud-based law practice management software company with over...

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4 min read

The Defining Moment of a Malpractice Claim

As a risk manager for the past 20 years, I’ve had more conversations with lawyers than I can keep track of and that were about more topics than I...

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2 min read

File Storage and a Hidden Conflict Trap

Some will find it difficult to swallow; but there may be potential conflict traps hiding somewhere on your network, particularly if you practice at...

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8 min read

ALPS In Brief Podcast - Episode 8: Cyber Coverage 2.0

There are two types of businesses – those that have been hacked and those that don’t know they’ve been hacked. This may sound like hyperbole, but...

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10 min read

ALPS In Brief Podcast - Episode 7: We Can All Use A Champion

ALPS, a professional liability insurance provider, interviewed me about why it is so important for lawyers to find and to be champions. The...

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3 min read

When Your Client Thinks “I Can Do Better”

Truth be told, I’ve been there as a client. It felt as if my legal matter wasn’t progressing as fast as I thought it should and it seemed to me that...

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5 min read

Understanding Tail Coverage

To this day I still get the occasional call from an attorney wanting to know how to go about purchasing a tail policy and my response is always the...

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8 min read

ALPS In Brief Podcast - Episode 6: Pursue the ‘Why’ Intentionally.

Last week the ALPS team gathered for a discussion about the company’s vision this year and beyond. Afterwards Mark sat down with ALPS CEO, David...

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1 min read

Managing the Password Headache

I have given a number of presentations on the general topic of cybersecurity that always include a discussion of password best practices. You know...

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8 min read

ALPS In Brief Podcast-Episode 5: What's your speed? 3 new policies to fit your needs.

ALPS is rolling out three new policy forms this year, offering legal malpractice insurance coverage options to fit your firm’s needs. No one is...

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