Insurance for Counsellors and Therapists

Everyday, more organizations and individuals are spotlighting the importance of mental health. As a counsellor or therapist, you know the impact of your profession. While you set up others to thrive, your business is not immune to risks.

Why Do I Need Insurance as a Therapist or Counselor?

We live in a time when lawsuits are all too common. If a client believes that a decision you made caused them harm, what would you do?

You also have clients walking in and out of your office during all types of weather. If someone were to trip and fall walking into your office, they may injure themselves and need medical attention.  

How Much Does Insurance for a Counsellor or Therapist Cost? 

What you will pay for insurance as a counsellor or therapist will depend on the types and amounts of coverages you choose, as well as where your business is located and other relevant factors. You can request a custom quote by filling out our online form here, or you can call one of our local offices to start the process.

Professional Liability Insurance 

As a therapist, you may offer advice to clients on a regular basis. Professional liability insurance can help protect you if a client believes that a mistake you made in connection with your professional services caused them harm and decides to sue you.

Professional liability insurance is also known as Errors and Omissions Insurance.  

Is a BOP the Right Choice for My Business? 

A BOP, or business owner’s policy, typically bundles two common insurance coverages- general liability and commercial property. Usually, these policies come with a cost savings compared to buying the coverages separately. Depending on what insurance carrier you go through, additional coverages may be available to add-on to a Business Owner’s Policy, such as data breach insurance. In order to see how much your business will pay for a BOP, you can request a quote.

General Liability Insurance

General liability insurance typically covers bodily injury to third parties, such as customer slips and falls, and can also cover copyright infringement. If clients are visiting you in person, or if you are advertising and creating marketing materials, you should talk to your local agent about general liability coverage.

Cyber Insurance

As a counselor or therapist, you are entrusted with a great deal of sensitive client information. While cyber-attacks are increasingly common, cyber liability insurance can help to provide you with protection from data recovery costs, reputational damage, and income loss if your clients’ data and records are exposed.

Do I Need Insurance If My Office is Located in My Home?

You should consider getting commercial insurance coverage for your counseling or therapy business if clients are coming to your home or if you have employees working in your home, as your homeowners’ policy may not provide coverage for a home-based business.

Insurance Quotes for Counsellors and Therapists

When it comes to insurance quotes for your business, it helps to have options. At Cross Insurance, we have relationships with the nation’s leading carriers as well as regional insurers. Before reaching out for a quote, it is helpful to gather some information about your business to save time. Your local insurance agent will likely ask you for the following, although they may ask for more information:

• Your business location
• Number of employees
• Claims history

 

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This article is for general informational purposes only and is not to be relied upon or used for any particular purpose. Cross Insurance shall not be held responsible in any way for, and specifically disclaims any liability arising out of or in any way connected to, reliance on or use of any of the information contained in this article. The information contained or referenced in this article is not intended to constitute and should not be considered legal, insurance, accounting or other professional advice, nor shall it serve as a substitute for the recipient obtaining such advice. The views expressed in this article are that of its author and do not necessarily represent the views of Cross Financial Corp. and its subsidiaries and affiliates (“Cross Insurance”) or Cross Insurance’s management or shareholders.