Therapy and Counseling Liability Insurance

What Is Therapist Insurance?

Therapist liability insurance is coverage for professionals who deliver all types of therapy services. It includes a variety of coverage types that protect you against common liability issues that can occur while performing your duties. Examples include a client getting injured on the premises, accusations of negligence, and data breaches. By having this coverage in place, you can focus on your area of expertise, knowing you're protected legally and financially should an incident happen while a patient is under your care.

Who Needs Therapist Insurance?

Every professional therapist benefits from securing therapist insurance. This includes:

• Licensed therapists
• Mental health professionals
• Psychologists
• Marriage counselors
• Pastoral counselors
• Rehabilitation counselors
• Social workers
• Physical therapists
• Occupational therapists
• Speech therapists

Specialty areas within therapy may have different risks, but common issues include misdiagnosis, negligence during treatments, failure to recognize potentially dangerous situations or document patient care properly.

What Type of Coverage Do I Need?

For comprehensive coverage protecting against various potential issues, your therapy practice may need several types of insurance. While many business insurance types are optional, they can be beneficial in protecting your practice from claims. Legal protection could prevent you from experiencing major financial losses. Common options for therapy practices often include the following:

• General liability insurance: As a professional therapist, you need general liability insurance in case you have claims arising for bodily injuries or property damage. For example, if someone falls and gets hurt at your clinic, the general liability insurance covers their medical care. You can roll this coverage into a business owner's policy, which includes general liability and commercial property insurance.
• Professional liability insurance: This business insurance for therapists protects against claims of malpractice. It covers you when someone accuses you of negligence while performing your therapy services or if you make a mistake.
• Workers' compensation insurance: You may be required to carry workers' compensation insurance to cover medical expenses for on-the-job injuries.
• Commercial auto insurance: Therapy services often take place in a clinic setting, but some therapists go to clients. For instance, a physical therapist may go to a client's home if they're homebound and recovering from an injury. You might also have multiple locations. If you own a company vehicle to travel between, you need commercial auto insurance to provide liability coverage.
• Data breach insurance: Data breach or cyber liability insurance is becoming increasingly important as cyberattacks escalate. This type of insurance provides financial protection for losses caused by a data breach. This can be particularly helpful if you store clients' data electronically.

How Much Does Liability Insurance for Counselors Cost?

Therapist insurance premiums vary from business to business, so it's important to get a personalized quote. Underwriters look at several variables that impact how much you pay for coverage. Some of the factors include:

• What types of therapy you provide
• Number of employees
• Building size
• Equipment covered
• Coverage amounts
• Deductible amounts

Get a Quote With Tivly

Focus on providing your patients with the best possible care by having the proper therapist liability insurance in place. Tivly makes it easier by matching you with the best insurance provider available. Call us at 877-907-5267 to get a quote.