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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.

15 min read

ALPS In Brief — Episode 51: You can’t spell DIVORCE without COVID

It’s no secret that society has seen an uptick in divorces since the start of the pandemic, but there have also been some silver linings in this unlikely space. Katie Mazurek is a Bozeman, Montana-based attorney with Element Law Group. Focusing on...

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2 min read

How to Avoid the Small Firm Tail Coverage Trap

Just as with small businesses in every sector, small law firms have widely varying outcomes in terms of business longevity. Over the years, I’ve...

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3 min read

Ten Ways to Have a More Constructive Conversation with Your Clients

In the context of a conversation between an attorney and a client, effective communication occurs when both the attorney and the client feel they...

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19 min read

ALPS In Brief — Episode 50: Desperate Times Call For Desperate Measures

Over the 3 years following this global recession spurred by COVID-19, we’ll see a spike in bankruptcies, business dealings gone south, divorces, and...

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4 min read

Why Failing to Provide Mandatory Security Awareness Training is a Huge Misstep

I will admit that, at times and with topics such as cyber security, I can come across as overbearing to some and as a fearmonger to others. Speaking...

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8 min read

ALPS In Brief — Episode 49: Would You Send All Your Money to a Scammer? Maybe You Just Did.

A lawyer was waiting on a fax with all the information she needed to complete a wire transfer. Fax received, money sent. What she didn’t know? Her...

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2 min read

Why Lawyer Mediators and Criminal Defense Attorneys Should Consider Purchasing Malpractice Insurance

More than a few lawyers who exclusively practice in the mediation or criminal defense space believe that purchasing malpractice insurance is a waste...

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18 min read

ALPS In Brief — Episode 48: Is This My Life Now?

Lawyers become lawyers to help people. To right wrongs, to champion for justice. While law school prepares you substantively for the legal issues...

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3 min read

How to Avoid Problems with Third Party Payors

A lawyer called me wanting to discuss third-party payors because his representation of his client had just ended, and he didn’t know what to do with...

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3 min read

Why You Should Prioritize Taking Care of Yourself

The best risk management advice I will ever have to offer is simply this: Never minimize the importance of taking care of yourself. I know it sounds...

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3 min read

How To Start Drafting an Electronic Document Retention Policy

I suspect more than a few law firms, particularly in the solo/small firm space, have yet to take the necessary time to draft and write up a...

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3 min read

A Tale of Two Calls – Insuring Past and Future Exposures

Two calls that I recently took almost back to back really surprised me. The first came from an attorney who was retiring in another month or so. He...

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