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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

Managing Risk – The COVID-19 Vaccine Decision

Two different companies, Pfizer and Moderna, are the first to have developed approved vaccines to fight the SARS-CoV-2 virus (COVID-19). When I stop to think about it, this really is an amazing scientific feat given the world has only been...

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14 min read

ALPS In Brief – Episode 53: How to Handle Extraordinary Experiences

It was January of 2020 in Birmingham, Alabama. Jeremy woke to a noise in the middle of the night and went outside to investigate. He could see...

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4 min read

Why Lawyers Should Prioritize Housekeeping

Over the years I have visited more firms that I can remember; but no visit stands out more than the one that made me feel as if I had walked on to...

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3 min read

Why A Lawyer Should Never Try to Shoot from the Hip

As a kid, I always thought any Hollywood cowboy who could shoot from the hip and kill the villain was one tough hombre that no one in their right...

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16 min read

ALPS In Brief – Episode 52: Listening to Your Life Part 2

As Mark alluded to in Part 1 of Listening to Your Life, the journey isn’t over. Mark recaps the lessons learned over a season of cycling, exceeding...

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2 min read

A Risk Management Tip for Attorneys Who Act as Title Agents

Sometimes the teacher becomes the student, which is exactly what happened to me during a post CLE conversation between a panel member and an...

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3 min read

Why You Don’t Get It Both Ways with Of Counsel Relationships

Sometimes a call comes in that I feel compelled to write about and this is one of those times. The question seemed simple enough. Basically, the...

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2 min read

The Ultimate "Should I Report This" Malpractice Insurance Checklist

Here at ALPS, all of us who work in claims and risk management periodically take calls from lawyers unsure if they need to report a claim. While we...

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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...

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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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