Coverage Features
Professional liability insurance is the cornerstone of insurance coverage carried by mental health professionals like you. The threat of a liability claim is a significant risk to your reputation and livelihood, our policy includes the cost to defend and resolve claims, even frivolous ones. Get covered today!
Policy Checklist and Coverage Features
- Professional Liability coverage created specifically to address the exposures faced by mental health professionals like you, including psychoanalysts, psychologists, psychotherapists, and social workers
- This policy is written on an Occurrence Form — no need to buy tail coverage if you retire or stop practicing as a mental health professional
- Liability Limits available up to $5,000,000
- Claim/Defense expenses are in addition to and do not erode the limits of liability, protecting those limits in the event that you are faced with a covered judgment or settlement
- Zero Dollar Deductible — provides you immediate coverage with no out of pocket costs should a covered incident or claim occur
- Includes Combined Professional and Premises Liability*
- Policy includes feature which requires the carrier to obtain your consent to settle a claim (not available in all states)
- Severability of limits subject to overall aggregate limit of liability
- A rated carrier by A.M. Best –
* In Illinois, Premises Liability offered as a separate limit with limit options
- Loss of earnings due to court or other defense hearings — up to $500 per day
- Coverage for services on an Accreditation or Review Board
- Defense coverage for discrimination suits, for instance, if a client alleges they were discriminated against because of a protected class
- $25,000 limit for Punitive, Exemplary or Multiplied damages where insurable by law
- Covered insureds include:
- Psychoanalysts
- Spouse if a sole proprietorship
- Partnerships or joint ventures if named
- Corporations
- Administrative Hearings Coverage included for $5,000 limit with higher sublimit options available:**
- $10,000 | $25,000 | or $50,000
- Territory – Covers occurrences anywhere in the world if suits are brought in the U.S., its territories or possessions, Canada or Puerto Rico
- Full & Part Time Rates
** In Maryland, $5,000 coverage is not included but available for purchase
- Defense for Billing Errors & Omissions sub-limit options of $25,000 or $50,000***
- Defense for HIPAA sub-limit $25,000 ***
- Additional Insured coverages available for Managers or Lessors of Premises
- Claims arising out of Electroconvulsive Therapy if this is one of the services you perform
- Coverage for the prescribing of Prescription Medication
*** (not available in AZ, FL, CO)