Whether your focus is psychotherapy or substance abuse treatment, psychiatrists face a variety of risks. An injury, theft, or a data breach could happen at any clinic. Business insurance protects your small practice from the financial impact of accidents and lawsuits. Some policies, such as workers' compensation, may be required by law.
Psychiatrists can save money on insurance by comparing quotes from top-rated providers.
Fill out Insureon's easy online application to get free quotes and advice from a licensed agent.
These policies cover the most common risks of mental health services.
This policy covers basic third-party risks, such as patient injuries and patient property damage. Bundle it with property insurance for savings in a business owner’s policy.
A BOP bundles commercial property insurance and general liability coverage under one plan. It's one of the most cost-effective types of commercial insurance for psychiatrists.
Most states require workers' comp for mental healthcare businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
Most states require commercial auto insurance for vehicles owned by or registered to a business. It helps cover the cost of an accident involving your business vehicle.
This policy helps psychiatric care businesses survive data breaches and cyberattacks. It can often be added to a business owner's policy or general liability policy for savings.
A small wellness clinic will pay less for insurance than a larger business.
Factors that affect premiums include:
It's easy to get business insurance for mental health professionals if you have your company information on hand. Our application will ask for basic facts about your business, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
Insureon's licensed insurance agents work with top-rated U.S. providers to find the right insurance coverage for your psychiatry clinic, whether you work independently or hire employees.