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When the Psychiatrist or Psychologist Needs Insurance

Like any other medical practitioner or therapist, a psychiatrist and a psychologist needs a good professional liability insurance policy to shield them from the exposures they face on a daily basis.

RELATED: professional liability for those in the dental industry

In a nutshell, this is what the coverage involves.


Professional Liability for the Psychiatrist

This form of insurance coverage protects a psychiatrist from allegations of damages resulting from malpractice as well as errors in providing or failure to provide professional services.


Professional Liability for the Psychologist

A psychologists’ professional liability policy can cover damage claims in regard to injury due to possible malpractice, or mistakes in providing  or failure to provide professional services.


Of particular note is that a claim related to professional liability insurance usually is subject to the time span within the term of the policy. A common dilemma arises when a claim involving something that occurred while the policy was in effect is filed only after the policy has been terminated. The resolution to this would be an extended professional liability policy that allows claims to be submitted even after the time span of the existing policy has been terminated.

For more information about psychiatrists or psychologists professional liability coverage, please speak to one of the knowledgeable commercial specialists at PRIME Insurance.

PRIME Insurance is a three-generation family-run independent agency. We’re proud to partner with many of the leading underwriters – recognized companies like ACE, AmTRUST, ASI, ASSURANT, CHUBB, CNA, Employers, FOREMOST, Liberty Mutual, MetLife, PROGRESSIVE, Safeco, StillWater, Travelers, USLI, ZURICH and more. This gives us the ability to provide all forms of nationwide coverage and bonds at competitively lowest quotes. Visit us on our online insurance website or email us at PRIME [at] primeins [dot] com or call us at 732-886-5751 and HAVE A PRIME DAY™!


Summary: A psychiatrist or psychologist needs to have the necessary insurance coverage that protects against malpractice or errors or omissions claims, just as any other medical doctor. Prime Insurance summarizes the insurance here.





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