Brief overview on the distinction in coverage in between a skilled liability insurance policy anda common liability insurance policy
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Article by Heather Pulse
Mental health counselors have a need for very comprehensive insurance that will protect them in the event they are sued by a client. If you have completed years of training and schooling to become a mental health professional you must protect your career and your future goals by investing in both general liability and professional liability insurance. Most medical professionals understand the importance of maintaining general liability insurance. What some fail to recognize is the difference between general liability and professional insurance. Understand what each type of insurance covers and seek a mental health professional online quote immediately if you have not already.
General Liability Insurance
General liability insurance is necessary for all business owners in every industry. This type of insurance is designed to provide coverage for a business if a third-party claims the business is negligent for damages or injuries to their property or their person. For example: If you left a ladder in front of the door of your office on the ladder fell on someone in the building they could file a negligence claim against your general liability insurance. You insurer will investigate the claim and will pay for settlements, defense, and judgments to the claimant.
Professional Liability Insurance
For medical professionals, a professional liability insurance plan is generally called medical malpractice insurance. Malpractice insurance covers scenarios that are specifically excluded under general liability. If you make an error in diagnosis or you prescribe treatment that does more harm than good to your client, your client has the right to sue you. As a medical professional, you are held to a higher standard in your profession because you have gone through intense training for your title. Without medical malpractice insurance, you could be left paying for legal defense and judgments out of your own pocket. Covering defense costs is reason enough to obtain a mental health professional online quote.
Where to Get Professional Liability Insurance
If you have reviewed your insurance portfolio and you have discovered you do not have malpractice insurance it is time to start researching insurers. When you request quotes online, consider more than just price. Most insurers who specialize in malpractice insurance offer special endorsements to cover exposures you come into contact with on a daily basis. Choose financially stable insurers with good consumer ratings and start comparing the quotes through reliable resources.
Choosing to run your mental health practice without medical malpractice insurance is a gamble you should not be willing to take. If you do not have insurance, you should request a mental health professional online quote right away. If you do not have your own practice, ask your employer for a copy of their insurance. When you bind your professional liability policy, you will have peace of mind in knowing you are protected.
Visit Mental Health Professional Online Quote for more information or visit our blog at http://51weeks.com/getting-a-mental-health-professional-online-quote/.
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If you are a nurse, doctor or dentist practising cosmetic treatments such as botulinum toxin, dermal fillers and laser & lights, you may be vulnerable to allegations of negligence and wrong doing. Despite competency, accidents and errors of judgement can and do happen. Hamilton Fraser can arrange competitive insurance for both traditional and more specialised practices, as well providing cover for you to practice in many countries outside of the UK. Visit Hamilton Fraser at www.hamiltonfraser.co.uk
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Senior Vice President, CBS Malpractice Program shares the importance of evaluating your choice for malpractice/professional liability insurance on a few major factors including policy coverage, underwriter, underwriting criteria/company purpose, underwriter rating.
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Question by rbh101: what is the cost of professional liability insurance for an independent caregiver?
Location: California
Care provided is non-skilled/ custodial only.
The care receiver is my domestic partner.
Long term care policy says I must have professional liability insurance “to protect the care receiver from any injuries sustained due to care provided”.
Both our names are on our homeowners policy – which has a $ 2 M personal umbrella policy (apparently not adequate)
Best answer:
Answer by mbrcatz17
Personal umbrella, or homeowners, won’t cover any business pursuits – including professional liability. So it doesn’t matter WHAT the limit is, it’s not covered. Also, as you’re both named insureds, it won’t cover one of you, if the other one of you is being sued (or in your case, if your partner dies, and their child/parent/sibling/legal next of kin blood relative sues you on behalf of your partner’s estate), the homeowners and umbrella policy ALSO won’t protect you. So think about that.
What type of medical license do you have? If you aren’t at least an LPN, you’re not going to get the liability coverage. It’s basically medical malpractice. If you don’t have the LICENSE to practice, you can’t get the insurance, that covers if you mess up.
AND, you’ll also have to have general liability coverage (another business coverage). My guestimate on the cost for both of these is $ 2500 a year, assuming you’re the only employee.
Give your answer to this question below!
Article by Heather Pulse
As psychologists, drug and substance abuse counselors, psychiatrists and basic counselors purchase and utilize professional liability insurance. Liability insurance is a type of insurance policy that covers damages that are not physical in most cases. Some clauses that can be added to a liability policy include Errors and Omissions liability, Privacy violation liability and basic malpractice pertaining to professionals.
A professional is held to the highest of privacy standards and a professional liability insurance policy will help protect the professional if he or she makes a mistake. When a patient visits a professional, that patient expects the professional to keep all information private and confidential. The patient is made to sign the HIPPA information and privacy forms at the beginning of treatment. The HIPPA laws in force protect that patient from unethical misuse of his or her information by the professional. The HIPPA disclosure also informs the patient how and when a person’s private information can be legally disclosed to third parties and what type of information can be disclosed.
This information is typically covered by patient client privilege as well; however, whether the professional does so on purpose or accidentally, sometimes, patient information is divulged to the wrong person or other privacy laws are violated. If this happens, it can result in damages to the patient including slander, libel and emotional stress for the patient. It can result in prison time, steep fines and revocation of the license to practice for the professional.
If a situation such as this were to happen, the mental health professional would need to defend him or herself against a claim. While the professionals employer may offer liability insurance protections as part of an overall benefits package or as part of the contract, this type of policy only defends the firm or the employer and not necessarily the mental health professional. For this reason, the professional should purchase a professional liability insurance policy that covers mental health professionals.
The private policy would also defend the professional first and not simply the firm or employer. This policy would cover any and all costs arising from a claim made against the professional regarding HIPPA violations including defense costs so the professional may fight to keep his or her license, loss of wages for time needed to defend the claim, and any malpractice settlements awarded the plaintiff of the claim brought against the mental health professional. While a typical liability insurance policy covers many items including pain and suffering, loss of wages, malpractice costs, medical costs, assault injuries, defense fees, settlement damages awarded a plaintiff and court costs, among other items, mental health professional liability insurance can cover much more and is worth the premium cost.
Visit Mental Health Professional Liability Insurance for more information or visit our blog at http://51weeks.com/mental-health-professional-liability-insurance/.
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