Insurance For Therapists
Professional Liability Insurance For Therapists
The profession of therapy demands personal interaction with people on a day-to-day basis and therapists face situations daily where you are open to the possibility of charges of wrongdoing. Your clients could hold you responsible for damages they have received, resulting from an alleged negligent act, error, omission or malpractice arising out of your professional capacity as a therapist.
In the unfortunate event that such an allegation is made, a Professional Liability policy will provide coverage for defense costs and expenses and any subsequent damages awards making this type of insurance essential for all healthcare professionals.
For those therapists that are employed by a Healthcare Service provider, the Professional Liability coverage placed by their employers will provide coverage for those incidents arising while the therapist is acting within the scope of their duties performed on behalf of the employing entity.
In addition to the coverage provided by an employers Professional Liability policy, it is also advisable for Therapists to consider purchasing an individual Professional Liability policy for the following reasons:
Do I have enough coverage?
Today's astronomical malpractice awards can quickly exceed coverage limits. If you, as an individual, are named in a malpractice lawsuit and your legal costs and settlement or judgment exceeds the limits under your employer's policy, you may be required to make up the difference. An individual policy will provide additional coverage up to the limits selected (typically $1,000,000 per claim / $3,000,000 annual aggregate).
Am I covered when I am off-duty?
