Even if not at fault, a psychologist could end up facing a damaging lawsuit from a patient who claims your advice caused harm. Whether dealing with a malpractice claim or an injury at your office, psychologist insurance provides peace of mind and protection against unexpected costs.
These insurance policies cover common risks faced by psychologists.
A general liability policy covers risks common to any psychology practice, such as a patient who trips over a loose rug and suffers an injury during an initial consultation.
A business owner's policy, or BOP, is a cost-effective way for psychologists to buy general liability coverage and commercial property insurance together.
Professional liability insurance covers legal defense costs related to negligence, such as a claim that therapy worsened a patient's mental health. It's also referred to as malpractice insurance.
Most states require workers' comp for psychology practices that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
A cyber liability insurance policy covers financial losses from data breaches and cyberattacks. It's strongly recommended for psychology practices that store personal information.
Commercial auto insurance covers the cost of an accident involving a vehicle owned by a psychology clinic. Most states require this coverage for business-owned vehicles.
It's easy to get business insurance for your psychology clinic if you have your company information on hand. Our application will ask for basic facts about your practice, such as revenue and number of employees. You can apply 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 psychology practice, whether you work independently part-time or run a group practice.