What is therapist insurance?
As a therapist, you are there to support your clients with their mental wellbeing. It is a complicated and important relationship that can involve a level of influence over the lives of others.
With that comes both responsibility and risk. If something were to go wrong, you and your business may end up facing a costly claim.
That is why therapist insurance usually has professional indemnity insurance and public liability insurance at its core.
Professional indemnity insurance for therapists is there to cover times where a client claims you have been negligent in your treatment, breached your professional duty of care, or have given them bad advice.
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Public liability insurance, on the other hand, is designed for times where a third party, including your clients, suffers an injury or has their property damaged in the course of your business activities.
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Alongside those policies, you may also want to consider business equipment insurance, to cover the cost of replacing your laptop, computer, or other essential equipment if they are lost, stolen or accidentally damaged.
Cyber insurance, meanwhile, can cover the associated costs of events such as hacking, malware attacks, and other data breaches. This includes data recovery, and the fees related to a breach of privacy claim if you were to lose sensitive and confidential information.
If you run your own therapists’ office, you may want to look into business buildings and contents insurance, to protect your commercial building and the fixtures and fittings inside.
Similarly, if your business premise were to become unusable, for example due to a flood or fire, business interruption insurance could help with your lost income.
And, if you have any non-family member employees based in the UK, you are legally required to take out employers’ liability insurance worth at least £5 million.
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