From workers’ comp claims to malpractice lawsuits, psychology practices face numerous liabilities. Psychology insurance coverage can offer affordable business protection against common risks.
These policies provide coverage for common risks faced by psychologists.
General liability insurance covers risks common to any psychology practice, such as client injury. Bundle with property insurance for savings in a business owner’s policy.
A business owner’s policy bundles property insurance and general liability insurance. A BOP is often the most cost-effective type of commercial insurance for psychologists.
Workers' comp is required in almost every state for psychology practices with employees. It can help cover medical costs and lost wages for work-related injuries and illnesses.
Professional liability insurance for psychologists can cover legal expenses if a psychologist is sued for neglect, such as failure to recognize suicidal tendencies.