Profit with Law: Profitable Law Firm Growth Why Your Law Firm Needs Effective Risk Management Strategies with Mark Bassingthwaite - 476
Shownotes can be found at https://www.profitwithlaw.com/476
If you think that your firm isn’t susceptible to a cyber attack, your whole practice is at risk.
Veeam blog columnist Cole Hanks writes that “up to 60% of small businesses fail after a successful cyberattack.” Many firm owners think their practice is too small to be of any importance to cyber attackers and malpractice, but that very thought can be very costly.
Join Moshe Amsel and guest Mark Bassingthwaite, a seasoned risk management expert with ALPS, as they delve into the crucial topic of risk management for law firms and ensure that you are educated and prepared to keep your firm from the aftermath.
In this episode, you can find:
- Insights into cyber security risks, like wire fraud and ransomware
- Essential tips on selecting the right malpractice insurance
- Vital steps law firms need to take to protect themselves
- The role insurance plays in safeguarding your firm’s future
Listen now to learn how to fortify your law firm against unforeseen risks and enhance your risk management strategies!
Chapters:
[00:00] Introduction to Risk Management with Mark Bassingthwaite
[03:00] Mark’s Journey into Risk Management
[06:22] Cybersecurity Risks in Law Firms
[07:10] It Can Happen to You: Real Life Wire Fraud
[11:23] Understanding Cyber Security Threats
[13:58] How Does Ransomware Apply to Me?
[15:47] Understanding Cybersecurity Threats and How to Prevent Them
[24:18] Malpractice Insurance Coverage Essentials
[26:33] ALPS and What They Can Do For Your Firm
[27:58] Malpractice Insurance: What is it and Why Should I Invest?
[34:14] The Importance of Being Thorough in Your Firm’s Risk Management
[35:49] Closing Thoughts and Key Takeaways
Resources mentioned:
Book your FREE strategy session today!: profitwithlaw.com/strategysession
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Check out our Profit with Law YouTube channel!
Learn more about the Profit with Law Elite Coaching Program here
Connect with Mark Bassingthwaite: Email | Website
Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/
To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.
Connect with Moshe on:
Facebook - https://www.facebook.com/moshe.amsel
LinkedIn - https://www.linkedin.com/in/mosheamsel/