Lawyers’ Insurance 101

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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 it's fairly accurate and many of those businesses are law firms. So you may ask yourself, how do I protect my law firm from a hack? Mark sits [...]

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 same.  I need to make sure that the caller understands there really is no such thing as a tail “policy.” Clarification on this point is important [...]

By | 2018-01-31T10:03:34+00:00 January 31st, 2018|Lawyers' Insurance 101|0 Comments

A New Year’s Resolution Worth Keeping – No Suits Against Clients for Fees

You have heard it many times before but it is worth repeating because we are still receiving claims from attorneys who first sued their clients for fees and a malpractice counterclaim was asserted.  I have been handling claims for attorneys for about 18 years now and I can honestly tell you that once the matter [...]

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 more excited it seems to talk policy features than our General Counsel, Brad Dantic. Listen as Brad and Mark Bassingthwaighte share a lively discussion about the ALPS Basic, Preferred and [...]

Knock. Knock. Who’s There? Coverage for Subpoena Assistance

It’s Friday the 13th, or any other day of the month for that matter, and your local process server appears at your door with a subpoena for your attendance at a hearing and for the production of documents.  The subpoena requires information related to the representation of your former client, Ima Headache.  You may not [...]

Working With a Direct Writer

Many times friends or colleagues outside of ALPS ask me, “What’s the hardest part of your job?” A lot of people assume that it’s really hard talking to lawyers, but honestly  lawyers' malpractice insurance is very important to lawyers. They want to make sure they're getting a good policy for a competitive rate. I typically have [...]

ALPS In Brief Podcast-Episode 2: Insurance as an Investment, Not Just a Line Item

 Mark sits down with Julie Patterson, a longtime ALPS Business Development Representative, bringing with her two decades of experience helping law firms across the country understand the importance of selecting the right coverage to protect their law firms. In this episode Mark and Julie discuss legal malpractice insurance costs in terms of what a [...]

ALPS In Brief Podcast-Episode 1: A Cyber Breach – It’s Not If, It’s When.

ALPS In Brief, The ALPS Risk Management Podcast, is hosted by ALPS Risk Manager, Mark Bassingthwaighte. While in Missoula, Libby Benet, U.S. Lead for Beazley Product Solutions took the time to sit down with Mark to talk about the latest trends in cybercrime, including the rise of industrialized ransomware, and how prevention paired with protection [...]

Ask an Expert: Why Legal Malpractice Insurance Rates Go Up Every Year

DEAR INSURANCE CARRIER: I am a sole practitioner who started a law firm a couple of years ago.  I have been claims free, yet my legal malpractice insurance rates go up every year. This makes it hard to budget for my small business. The first year it went up 25%.  The second year it almost [...]

How Much Professional Liability Insurance Coverage Do I Really Need? Part II – Deciding What Policy Is Right For Your Firm

In Part I of my blog, I went through the issues you should consider when deciding how much insurance your firm needs. Part II will go over the features and benefits you should understand as you evaluate your existing insurance policy or shop for a new carrier. First and foremost, take advantage of your legal community [...]

By | 2017-11-17T11:47:37+00:00 October 10th, 2016|Lawyers' Insurance 101|0 Comments