Have you ever heard anyone tell you that going without liability insurance would be like a tightrope walker crossing between the two sides of Niagara Falls with nothing but churning water below you?
Going without professional liability insurance would make you into a tightrope walker. Underneath, isn’t the wide mouth of a river, but potential injury to your reputation, as well as your employers’, if something goes amiss in the care you’ve administered as a healthcare professional.
Liability insurance claims can be detrimental to a career and many times the incident is not due to anything the professional has done wrong, but rather, an upset client who sees no recourse but to go after you.
For example, as a therapist you might be called into testify during a custody battle: One parent seeks you out as an advocate and the other despises you. That’s when you’ll see yourself floundering in the water below and wish you had considered professional liability insurance for mental health providers.
Professional liability insurance for mental health providers gives you peace of mind – generally providing coverage if you’re sued for $1 million, per claim, with a total of $3 million, in a year.
The policy offered by CPH & Associates further covers any defense costs you might incur, with no ceiling on those costs. In addition, CPH will pay up to $10,000 per deposition and $35,000 per policy period for legal fees and expenses you incur for appearance at a deposition related to counseling performed (this does not extend to services as an expert witness).
CPH also pays up to $1,000 per day/$35,000 maximum for actual loss of earnings you incur for attendance at a trial or hearing. The suit or proceedings must result from an injury covered by the professional liability policy.
So think of the options offered to you through a CPH policy – in doing so, you’ll make it safely to the other side.