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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.

5 min read

The Problem With Taking Practice Management Shortcuts

When traveling on business, it can be so easy to grab a burger and fries at a local drive-thru verses taking the time to find a place where I can stop and enjoy a far healthier meal. Of course, there’s nothing wrong with a burger and fries now and...

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13 min read

ALPS In Brief – Episode 63: Relationships and First Impressions

Transcript: Hello, I’m Mark Bassingthwaighte, the risk manager here at ALPS, and welcome to the latest episode of ALPS in Brief, of the podcast...

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3 min read

How to Secure Your Smartphone

Smartphones can be a significant cybersecurity risk, in part because many owners take a lackadaisical view when it comes to properly securing them...

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2 min read

How to Avoid the Counterfeit Trust Account Check Scam

Counterfeit checks are more of a problem than most realize. Scam artists create millions of these checks each year and while there are a wide...

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3 min read

Theft of Client Funds and the Interplay Between Bad Actors and Innocent Insured Coverage

A question that occasionally comes up concerns insurance coverage for the loss of client funds. This is a particularly troublesome concern due to...

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4 min read

How To Fire a Client And Move On

Sometimes when a lawyer calls in, there is a despondency in the voice that comes across loud and clear. The lawyer isn’t always aware of it; but...

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3 min read

Why You Really Do Need to Create and Keep a Copy of All Your Files

I won’t keep you waiting and wondering. In my mind, the reason is self-evident. If you ever find yourself having to deal with a malpractice claim...

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4 min read

6 Things I Wish Lawyers Understood About Malpractice Insurance

Look. I get it. Insurance policies aren’t the most interesting reads out there. No policy is ever going to hit the New York Times bestseller list....

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14 min read

ALPS In Brief – Episode 62: When Life Winks

Hello, I’m Mark Bassingthwaighte, the risk manager with Alps and welcome to another episode of ALPS In Brief, the podcast that comes to you from...

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3 min read

I Had No Idea My Client Was Going To Do That!

I love a good story, particularly when a valuable lesson can be learned from its telling. Here are two memorable ones. A long-term client reached...

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5 min read

Quality Control in the Practice of Law

Back in the 80’s, Wendy’s aired a commercial that has remained a personal favorite and can still bring a smile to my face to this day. Here’s the...

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3 min read

6 Aspects of Attorney Departure Every Firm Must Know

A number of books have been written on the topic of attorney departure, many of which provide a plethora of valuable information on everything from...

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8 min read

ALPS In Brief – Episode 61: A Dirty Little Secret About Conflict Resolution Claims

ALPS Risk Manager Mark Bassingthwaighte shares the illuminating story of a law firm, their longstanding wealthy client who couldn’t close the deal...

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