Marriage Family Therapy Insurance. As a marriage and family therapist, you help your clients manage and overcome problems with their families and romantic relationships. But working intimately with clients and their personal lives can present certain risks for your practice.
To protect your practice, you need marriage family therapy insurance coverage for your most common risks. That way, you have the peace of mind that no matter what unexpected turn comes your way, you have the means to handle the damages and still keep your practice afloat.
Marriage family therapy insurance protects your practice from lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now.
marriage family therapy insurance is designed to provide financial protection from the risks that come with this job. Whether you provide marriage and family therapy full-time, part-time or have a temporary contract there is always a risk of possible liability claims arising following incorrect advice or guidance given. This insurance provides coverage for such claims as well as for damage, loss or theft of any equipment you use in this profession.
Here are some of the most basic therapy insurance coverages:
Professional Liability Insurance: Also know as errors and omissions (E&O), this provides coverage for damages or accidents resulting from carelessness or negligence of marriage and family therapists when performing their duties. Professional indemnity insurance protects these professionals from claims by dissatisfied clients, providing a financial safeguard from litigation.
Professional liability can offer some or all of the following coverages:
Commercial General Liability: General liability covers you for anything that happens to anyone that comes into contact with your practice, other than claims that come from the way you do your job. Sometimes, general liability coverage is referred to as "slip and fall" insurance.
Workers Compensation: Do you have employees? workers comp insurance is a legal requirement for any non-owner employees and is designed to protect your staff against injury or while performing their job.
Business Owner's Policy (BOP): This marriage family therapy insurance combines property and general liability coverage in one policy that usually costs less than purchasing them on their own. BOPs are a smart way for marriage and family therapists to save money on two insurance policies that they usually have to purchase to meet regulatory requirements. The coverage you get with a BOP is likely more thank you would get if you bought CGL and business property insurance separately, and BOPs offer this coverage for a discounted premium.
Business Property Insurance: As a therapist, you might have rent a small office. You have lit candles in the treatment room and one of them is knocked over and catches fire. The landlord sues you for fire damage to that space as well as water damage to the adjacent spaces because the sprinklers turned on. Property insurance protects you against claims for property damage to the extent you are liable up to your marriage family therapy insurance policy limits.
Libel and Slander Insurance: Libel and slander are the terms used to describe an individual making allegations or accusations about another person. They cover the written word (libel) and the spoken word (slander). As an example an article appears in a quarterly email newsletter which accuses a local marriage and family therapist of selling goods that are unfit for use. They seek compensation from you for libel.
Sexual Misconduct/Abuse: The marriage family therapy insurance policy pays for costs to defend you against allegations of sexual misconduct, up to the applicable limit of liability, for amounts you are legally obligated to pay as a result of covered claims involving acts of sexual misconduct related to your professional services.
Commercial Auto Insurance: Sometimes marriage and family therapists need to travel to work, whether going to assist clients in their homes, or moving between multiple offices. Also, there are work related errands to run to: picking office supplies, cashing checks, going to business lunches, or visiting a tax specialist. Commercial vehicle insurance will protect you by helping you to pay for costs associated with bodily injury and property damage from auto accidents.
There's no time like the present to ensure that your investment i your practice are protected from the risks of claims - warranted or not. A solid and comprehensive marriage family therapy insurance policy can provide the protection you need, and peace of mind.
Perhaps you have the next great idea for a product or service that you know will appeal to your local area. Maybe you want to contribute to the economic growth of your community. Whatever the reason is, if you're thinking about starting a small business, it's important to understand pertinent information relating to small businesses in the United States; namely economic information and insurance regulations. After all, if you want your small business to succeed, you have to understand the economic trends organizations of a similar size in your area.
Likewise, you want to ensure that your small business is well protected with the right business insurance and that you are in compliance with the rules and regulations that pertain to commercial insurance in your region.
Read up on economic statistics and insurance information that relates to small business owners in the United States.
Here's a look at some information that was compiled by the Small Business Association (SBA) regarding the economic data that pertains to small businesses in the United States:
In the business world, there are many risks faced by company's every day. The best way that business owners can protect themselves from these perils is by carrying the right insurance coverage.
The The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight.
Commercial insurance is particularly important for small business owners, as they stand to lose a lot more. Should a situation arise - a lawsuit, property damage, theft, etc. - small business owners could end up facing serious financial turmoil.
According to the SBA, having the right insurance plan in place can help you avoid major pitfalls. Your business insurance should offer coverage for all of your assets. It should also include liability and casual coverage. The SBA recommends the following insurance plans for small business owners:
Get informed about small business professional services insurance, including Professional liability, aka errors and omissions (E&O insurance), that protects your business against claims that a professional service you provided caused your client financial loss.
Let's face reality. People today are claims conscious, resulting in a significant share of malpractice lawsuits against professionals.
Liability resulting from the rendering of or the failure to render professional services is excluded in most liability coverage forms. This means that a policy covering a account's or lawyers' office will cover liability arising out of the maintenance or use of the premises, but specifically exclude liability arising out of the rendering of a professional service or the omission of such a service.
In addition to the professions in which actual physical or mental injury may be caused to clients, certain other professions are exposed to claims for malpractice.
Claims may be brought against lawyers, accountants, architects, and similar professional persons for errors or omissions in their professional capacity. Errors & Omissions insurance pays damages that might be awarded to a plaintiff alleging professional negligence.
Professional liability policies are made available to such risks, and these policies provide essentially the same protection as is afforded under the physicians, surgeons or dentists professional liability policy.