Mistakes Happen – Not Having Proper Coverage Doesn’t Have to be One of Them.
Behavioral health is a rewarding career, but it has its risks in today’s litigious society like many professions. In recent years, behavioral health professionals have increasingly been subject to malpractice suits. Malpractice claims must be defended, even when they are groundless or fraudulent, and the cost of defending yourself in such a lawsuit can be prohibitive.
There are many built-in benefits, including $35,000 of state licensing board defense coverage, increased limit options, and $5,000 per deposition (up to $35,000 per year) for expenses related to a legal request to provide a deposition on behalf of your clients.
If you rent office space or have clients come to your home, you need general liability insurance to protect yourself. If one of your clients is injured in your office or while entering or leaving your office building, you are at risk of being sued.
This protection is a critical option protecting you and your practice if injury or property damage occurs to others as a result of your business operations. This coverage provides up to $1,000,000 of protection per occurrence and up to $3,000,000 protection per year covering property damage, personal and bodily injury, fire legal liability, medical costs, and payments, damages to premises rented to you, and legal defense costs.
Cyber Liability Insurance is a must if you keep your client data on your computer, your cell phone, or your office files. Even if you use a warehouse, a mover, or data storage provider, you can be held responsible for data breaches caused by them. You could be sued for a data breach, and be subject to state and federal fines and penalties of up to $250,000. And, your clients can also sue you for damages of $25,000 – plus, you even risk jail time of 10 years!
Coverage includes legal defense costs, state and federal fines and penalties, damages, computer security breach expert audit, client/patient notification costs, and ID theft protection subscriptions for victims/clients.
Prefer to Speak to Someone?
Call 855-385-2160 to speak with a licensed insurance agent to get a quote, apply, renew, or get more information on the insurance protection and solutions we offer to behavioral health professionals.