Liability Insurance For Psychologists Online In Australia

protects you against

What is covered under this insurance policy for psychologists?

The allied health professionals insurance policy is designed to include professional indemnity, public liability and products liability insurance in one policy.

It includes insurance limits of up to $10m professional indemnity and $20m public and products liability, plus reinstatements.

The policy is suitable for psychologists working remotely, providing telehealth services, with an institution or running their own practice.

The policy also covers psychologists working full time, part time or as a freelancer.

Public Liability

Public liability insurance protects you and your psychology business against any liability if someone is injured on your premises or while you are providing your services.

Professional Indemnity

Professional indemnity insurance protects you for claims made against your psychology business in the course of providing your in Australia.

Third Party Property Damage

Products liability insurance protects you for claims made against your psychology business for any products sold or supplied by you to a third party.

Investigation Costs

Investigation costs cover legal costs and expenses in responding to an investigation from an official body on a complaint made against you or your psychology business

Defamation

Protects you and your psychology business business against any actual or alleged defamation, or harm to the reputation of a third party online or in public in relation to the provision of your services.

other benefits

Value added benefits of the psychologists insurance policy

Contract Review

This entitles you to four contract reviews each year you have your psychologists insurance policy. This can be used for any contract that might impact your insurance policy. An example of this might be retaining a contractor.

Complimentary Legal Advice

This provides 1 hour of complimentary legal advice to you each year from our insurance partner's panel of solicitors, for any matter which is notified to us and may become a claim.

Whistleblower Hotline

You and your business employees can access a Whistleblower Hotline that is provided by our insurance partner at no additional cost to you.

events covered

Physical Injury

You unintentionally share your client's confidential details with a third party leading to mental trauma for your client.

Trips, Slips and Falls

A patient visits the bathroom, slips over some tiles and injures their head while at your office.

Negligence

A client in a couple's session alleges your advice, instead of sorting out their issues, led his wife to file for divorce.

Error of Judgement

A client, after months of sessions with you, gets diagnosed with bipolar disorder and blames you for giving incorrect treatment over the last few months.

Bad Professional Advice

Your patient misunderstood your advice and now accuses you of destroying their relationship with their family.

Third Party Damage

While in session with a patient you damage their brand new phone.

exclusions

What is not covered (exclusions) under the psychologists insurance policy?

Abuse

Abuse excludes cover for any insurance claim that might arise from actual or alleged verbal, physical, sexual abuse, molestation, assault, battery or violence.

Dishonest / wilful acts

Dishonest and/or wilful acts exclude cover for any insurance claim that might arise from dishonest, fraudulent or criminal acts.

Alcohol and Drugs

This excludes cover for any insurance claim that might arise from use of alcohol, illegal drugs, narcotics and intoxicants

*For all policy exclusions, please refer to the policy wording and general terms & conditions.

faqs

You asked, We answer

How does this policy for psychologists meet the Psychology Board of Australia's requirements?

The insurance that we offer:
- Includes civil liability cover with $1m to $10m professional indemnity (also called civil liability) limits of liability available. The PBA requires a minimum of $2m limit to be taken out.
- Two (2) reinstatements are automatically provided in the policy. The PBA requires one reinstatement. This means that if you have a claim that exhausts the first $2m limit, and a second claim occurs in the same policy period (unlucky!) a new limit of liability will become available for you and your business.
- An unlimited retroactive date is also automatically available, simply tell us that you have existing insurance in place at the time of completing the quote with us.
- Should you retire and require run off cover, this is available on request with our insurance partner. This is a requirement of the PBA, and ensures you are provided with one policy and price and 7 years of cover to protect you from claims that might be made while you provided your services, right up to the statute of limitations in Australia.

Why is psychologists insurance important?

Being a psychologist is highly skilled work and involves offering advice and remedies that are personalised to suit every client’s needs. With such a service also comes the risk of making mistakes - that sometimes might damage the client or someone they know or love . Sometimes things do not go according to plan. If your client holds you responsible, it could put everything you have worked for at risk.

Professional Indemnity insurance is included in this insurance in addition to public and products liability insurance. This protects you and your business against any advice you give to your clients. You may still be required to get insurance even if you are working as a freelance psychologist or a contractor. If you're unprotected, you could suffer a devastating financial blow.

What can a psychologist be sued for?

While we hope it doesn't happen, psychologists can potentially be sued for:
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1. Covering medical costs (current and future) for a client that is injured
2. Loss of a client's earning capacity when the client is off work
3. Additional compensation if the damage to the client is permanent/long-lasting
4. Mental trauma, pain and suffering of the client from the injury.

What limits are available with upcover?

You can get covered today with tailored psychologists insurance insurance that provides public & products liability insurance limits available up to $20m, and professional indemnity limits available up to $10m.

Who is upcover?

upcover is an insurtech that works with the oldest insurance markets and global leaders in insurance innovation. All insurance products are underwritten by ProRisk. Our aim at upcover is to make it super easy for small businesses to buy insurance and be well-informed about their choices.

Professional Indemnity & Public Liability Insurance For Psychologists

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