Virginia Mental Health Counseling Insurance Policy Information
Virginia Mental Health Counseling Insurance. Mental health counselors typically deal with clients who suffer from depression, anxiety, stress, grief, or suicidal tendencies. Because their services are advice-based, what they say - or fail to say - could lead to various lawsuits, especially if they fail to coordinate treatment with other professionals, such as psychiatrists.
Virginia mental health counseling insurance provides coverage for a worst-case scenario that jeopardizes your mental health counseling practice. This gives you peace of mind, because you know that you are protected if a client ever claims that you were negligent or gave the wrong advice.
Virginia mental health counseling insurance protects your practice from lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now.
Types Of Insurance For Mental Health Counselors
Below is a list of the most common Virginia mental health counseling insurance policies available:
General Liability Insurance - If your clients visit your premises for a session and get hurt - you could be held liable. Slip and fall is a common claim under CGL, and most landlords will require you to carry this type of insurance to lease office space. This Virginia mental health counseling insurance protects you in the event that your actions cause bodily injury or property damage to a third party.
Professional Liability Insurance - This Virginia mental health counseling insurance protects mental health providers against the cost implications of negligence, errors and omissions and malpractice claims by their patients. Such a claim may be the result of a patient's claim that you did not do something you should have, or did do something you should not have, in the course of your practice. It may be a breach of contract claim concerning the services you were contracted to provide.
As a VA mental health counselor, a malpractice or negligence lawsuit could be brought against you when you least expect it. At that critical moment, nothing in the world will be more reassuring than knowing you have insurance coverage to help pay legal fees court costs and any damages.
Commercial Property Insurance - Property insurance offers coverage for damages to your VA offices. It also offers additional coverage for everything that is attached to your building. This includes equipment and fixtures that service your premises, exterior signs, clocks and lights that you own. Note that this policy also covers leased buildings. You can even buy coverage for your business property like furniture and computers.
Sexual Abuse Liability - Unfortunately, we live in litigious times where help or advice can be misconstrued. Sexual abuse liability coverage specifically defends you against sexual claims. These types of claims are frequently excluded from a regular liability policy, but separate coverage or a rider on your existing policy can add it to your Virginia mental health counseling insurance portfolio. Even if you're sure that you'd never need this coverage, it can also cover anyone who works for you.
Workers Compensation Insurance - As a mental health counselor with employees, you will usually be required by your state to purchase this insurance to cover your business from the liabilities and costs of on-the-job illnesses and injuries. When an employee gets hurt at work, VA workers comp can pay for:
- Employee medical costs
- Employee salaries while they are unable to work
- Your legal expenses if an employee sues you for contributing to the injury
- Funeral costs and support income for families of deceased employees
Assault Coverage - Violence in the workplace is a tragic reality. If you become the victim of a violent action at work or on your way to or from work, this coverage will reimburse you for your medical expenses or damage to your property up to the applicable limit.
Loss Of Documents - It is possible that at some point during your career you will misplace or damage important documentation relating to clients. This insurance has been developed to look after such a loss of documents. Should the loss of such documents breach terms from the Data Protection act or important data is lost it can cause grave situations for both you and your clients.
VA Mental Health Counseling Insurance
As a mental health counselor, your advice is relied upon by your patients. Consequently the law requires that you exercise the required skill to an appropriate level expected by your profession. You are only human and mistakes do happen.
Even when you do everything you can to help patients who come in your door, there is no telling when clients might feel dissatisfied with the advice that you have given that they decide to take some punitive action. Then you would have to defend yourself against court charges. This could be an expensive proposition. Virginia mental health counseling insurance provides the funds you need to clear your name.
Virginia Economic Data & Small Business Insurance Information
If you're planning on starting a business, a lot of planning and factors need to be taken into consideration. Of course, having a great business model and offering valuable products and services are all keys to your success; however, there's something else that you need to take into consideration: where you're going to set up shop.
In order to reap the success that you hope for, you need to choose a location that offers favorable conditions for your specific business. If you operation isn't located in a location that can benefit from what you plan on offering, you aren't going to achieve the success that you desire.
For entrepreneurs who are thinking about Virginia as a location for their headquarters or a branch of their company, it's important to familiarize yourself with the economic trends in the commonwealth. It's also essential that you have a keen understanding in regard to the type of insurance coverage you'll need to carry to protect yourself, your clients, and your employees.
Business Economic Trends In Virginia
In regard to job growth, VA exceeds the rate of national job growth. As of February 2019, unemployment rates were at a historic low in The Volunteer State, with a rate of 3.2% throughout the state; 0.1% lower than the last historic low of 3.3% in October of 2018. That's lower than the national unemployment rate, which was reported to be 3.8% in February of 2019. Economists are forecasting continued job growth throughout the state into 2019.
The Commonwealth of Virginia has seen a dramatic upswing in economic growth in recent years. As of late 2019, the unemployment rate had fallen to a record low of just 2.9 percent; a significant difference compared to the national unemployment rate, which was 3.7 percent. In a one-year period, nearly 65,000 jobs were added. In 2019, the unemployment rate and economic growth of the state continues to be positive, and it expected to remain in the green well into 2019 and the future.
In regard to areas that offer the most favorable conditions for business owners, there are several. Metropolitan areas, including northern (Arlington, Fairfax, etc...), central (Richmond, Ashland, Lynchburg, etc...), and southern (Chesapeake, Newport News, Hampton, Norfolk, etc...) all afford great opportunities for entrepreneurs. However, virtually any location in the Commonwealth of Virginia can be considered favorable for business owners.
Industries that offer great promise in Virginia include:
- Education and training
- Information technology
- Travel and tourism
Commercial Insurance Regulations & Limits In VA
The Virginia Bureau of Insurance regulates insurance in Virginia. Just like any other state in the country, there are regulations in place regarding commercial insurance. Business owners are required to carry certain types of coverage to protect themselves, their clients, and their employees.
Small businesses with 2 or more employees are required by VA state law to have workers comp insurance coverage.
If you use certain types of motor vehicles for business-related purposes, you'll also need to invest in commercial auto insurance coverage to protect your drivers, as well as other drivers on the road.
Additional Resources For Medical Insurance
Discover small business insurance for medical and dental professionals. Medical malpractice insurance is a type of professional liability that protects health care professionals from liability causing in bodily injury, medical expenses and property damage.
- Ambulatory Surgical Center
- Art Therapy
- Assisted Living Facilities
- Dental Lab
- Dental Office
- Diagnostic Imaging Centers
- Healthcare Facilities
- Home Medical Equipment Dealers
- Marriage & Family Therapy
- Medical Laboratories
- Medical Marijuana Dispensary
- Medical Practice
- Mental Health Counseling
- Occupational Therapy
- Physicians Office
- Skilled Nursing Facilities
- Speech Therapy
- Substance Abuse Counseling
Health care providers are the most trusted individuals in our society. Ironically, they are the same ones who can do the greatest harm. They actually have the right to invade our bodies with knives and to poison us with chemicals - all in the name of health care and with the goal of relieving our symptoms and hopefully bringing about a cure.
While the actions of these professionals normally benefit us, insurance coverage must be available for the times when mistakes happen and things go wrong. These professionals and their facilities have extensive property exposures that are becoming more and more intricate and whose values are increasing exponentially.
The 'one size fits all' approach that once could have applied to insurance for health care providers and their facilities no longer applies.
Professional liability offers protection against claims of malpractice for all sums that the medical professional becomes legally obligated to pay as damages because of rendering or failing to render professional services.
Professional and medical malpractice exposures are the most expensive and difficult of all exposures for health care providers. The commercial general liability policy excludes these exposures so separate coverage is needed. Most professional liability policies are written on a claims-made basis and, as a result, tail coverage and retroactive dates are important coverage issues to be aware of when evaluating the insured’s coverage needs and comparing coverages.
The coverage provided is often called medical malpractice. For decades, many involved in the health care field and insurance companies that provide insurance coverage to providers have stated that malpractice lawsuits have created an ongoing crisis of restricting insurance availability, due to loss of insurance companies that write the coverage and significant rate increases.
As a result, state legislatures have taken the following actions to address the situation:
Imposed a dollar limitation of liability for malpractice suits.
Modified statutes of limitation to limit the number of years that a suit may be brought against a physician following a negligent act.
Modified when the statute of limitations takes effect. An example is beginning from a negligent act's occurrence rather than from its discovery.
Passed laws to modify tort law procedures and doctrines that relate to malpractice.
Because of differences in law by state it is important to know the states in which the covered health care providers are licensed and regularly practice. Some health care providers may practice in multiple states because of their particular specialty, their reputation or the demand for their services. Some hospitals may have ownership in facilities or provide services to patients that are outside of their main location state.
Minimum recommended small business insurance coverage: Business Personal Property, Business Income and Extra Expense, Employee Dishonesty, Money and Securities, Accounts Receivable, Computers, Physicians and Surgeons Floater, Valuable Papers and Records, General Liability, Employee Benefits, Professional, Umbrella, Hired and Non-owned Auto & Workers Compensation.
Other commercial insurance policies to consider: Building, Earthquake, Equipment Breakdown, Flood, Leasehold Interest, Real Property Legal Liability, Computer Fraud, Forgery, Cyber Liability, Employment-related Practices, Business Automobile Liability and Physical Damage and Stop Gap Liability.
Request a free Virginia Mental Health Counseling insurance quote in Alexandria, Annandale, Arlington, Ashburn, Bailey's Crossroads, Blacksburg, Bon Air, Brambleton, Brandermill, Bristol, Broadlands, Buckhall, Bull Run, Burke, Burke Centre, Cave Spring, Centreville, Chantilly, Charlottesville, Cherry Hill, Chesapeake, Chester, Christiansburg, Colonial Heights, Culpeper, Dale City, Danville, East Highland Park, Fair Oaks, Fairfax, Falls Church, Fort Hunt, Franconia, Franklin Farm, Fredericksburg, Front Royal, Gainesville, Glen Allen, Great Falls, Groveton, Hampton, Harrisonburg, Herndon, Highland Springs, Hollins, Hopewell, Hybla Valley, Idylwood, Kings Park West, Kingstowne, Lake Ridge, Lakeside, Laurel, Leesburg, Lincolnia, Linton Hall, Lorton, Lynchburg, Manassas, Manassas Park, Martinsville, Marumsco, McLean, McNair, Meadowbrook, Mechanicsville, Merrifield, Montclair, Neabsco, Newington, Newport News, Norfolk, Oakton, Petersburg, Portsmouth, Radford, Reston, Richmond, Roanoke, Rose Hill, Salem, Short Pump, South Riding, Springfield, Staunton, Sterling, Sudley, Suffolk, Timberlake, Tuckahoe, Tysons, Vienna, Virginia Beach, Waynesboro, West Falls Church, West Springfield, Williamsburg, Winchester, Wolf Trap, Woodlawn and all other cities in VA - Old Dominion.
Also learn about Virginia small business insurance requirements for general liability, business property, commercial auto & workers compensation including VA business insurance costs. Call us (703) 747-9779.