Episode 282:
Welcome to episode 282 of the Grow Your Law Firm podcast, hosted by Ken Hardison. In this episode, Ken sits down with Mark Bassingthwaighte, Esq., Risk Manager at ALPS, an attorney’s professional liability insurance carrier.
In his tenure with the company, Mark has conducted over 1200 law firm risk management assessment visits, presented over 650 continuing legal education seminars throughout the United States, and written extensively on risk management, ethics, and technology. Mark 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. When he’s not helping lawyers mitigate risk, he’s enjoying all things Disney and lives in close proximity to the House of the Mouse
What you’ll learn about in this episode:
1. Importance of Cyber Insurance:
* Essential for all legal practices to protect against cyber threats.
* Smaller firms are also targets for cyber breaches with severe financial consequences.
2. Underwriting Process for Standalone Cyber Coverage:
* Thorough details about security measures are required.
* Risks of misrepresentation can lead to denial of coverage.
3. Compliance with Security Measures:
* Crucial to implement declared security measures for coverage.
* Warning against complacency to avoid serious consequences.
4. Accessibility to Risk Management Support:
* ALPS Insurance offers risk management services for legal professionals.
* Support available regardless of insurance status.
5. Specialization in Legal Insurance:
* ALPS Insurance provides tailored legal malpractice and cyber insurance.
* Increasing cyber threats emphasize the need for robust security measures and comprehensive coverage.
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