Psychiatrists face risks including patient injuries, property damage, and data breaches that expose client information. Psychiatrist insurance coverage pays expenses related to these risks and more.
These policies provide coverage for the most common risks of psychiatry.
A BOP bundles commercial property and general liability insurance under one plan. It's one of the most cost-effective types of commercial insurance for psychiatrists.
This policy covers basic psychiatrist risks, such as patient injury and patient property damage. Bundle with property insurance for savings in a business owner’s policy.
Workers’ compensation insurance is required in almost every state for psychiatry businesses that have employees. It can cover medical costs for work-related injuries.
This policy helps psychiatrists survive data breaches and cyberattacks. It can often be added to a business owner's policy or general liability policy for savings.
A client injury, property damage, or data breach of sensitive patient information can quickly turn into a draining lawsuit for a psychiatrist. Psychiatrist insurance can protect your small practice from having to spend thousands of dollars on a suit that could result in massive debt or bankruptcy.