It’s demanding work, so as a professional psychologist, insurance can help to take away some of the stress by covering the things you don’t have time to think about. Your membership of the New Zealand Psychological Society (NZPsS) entitles you to purchase professional indemnity insurance through our members scheme. Limits of £1.5 million, £3 million, or £5 million, together with a standard Public Liability element of £10 million. This includes psychologists providing direct psychological care, supervisors, managers of clinics, and psychologists who work in management, administration, research, advisory or regulatory or policy development roles. I got cover for about £50 which seems to cover me for all kinds of things. They offer a discount if you are a trainee and a member of the BPS. Liability insurance is part of any good risk management practice. The Society has partnered with insurance broker Aon New Zealand to offer NZPsS members a competitive indemnity insurance package. Find out who needs medical indemnity insurance? Authorised and Regulated by the Financial Conduct Authority No. Professional Indemnity Insurance This may be covered individually or through an employer, union or education provider’s insurance arrangement, or a combination of these. I just wanted to add to this. Psychologists. Ensure that your PII cover is appropriate for your practice. Psychotherapists. This can take the form of a patient experiencing medical difficulties in a session, or even a Samaritan act whereby you use your skills to help someone outside of work, be it in first aid or psychological counselling. Psychologists aren’t often called upon to deliver first aid or serious emergency care, but that’s not to say that incidents don’t occur from time to time in which psychologists go above and beyond to provide treatment. How a psychologist becomes indemnity insured depends on circumstance. From offering inadequate advice to misdiagnosing a patient’s condition or breaching patient confidentiality, the list of mistakes a psychologist can make that could lead to legal action is quite lengthy. It is the registered psychologist’s responsibility to ensure that their PII arrangements meet the registration standard, as set out by AHPRA. We provide psychologists professional indemnity insurance at highly competitive rates from our panel of leading professional liability and professional risks insurance providers in the United Kingdom. This normally arises as the result of any actual or alleged negligent acts, errors or omissions and can be both in respect of a professional practice, a professional appointment or an individual project. PACFA insurance requirements. Eligible psychologists have access to an insurance arrangement via their AAPi membership . Professional indemnity insurance can act as a safety net to provide protection from the costs associated with any claims … You must be registered to apply for this insurance. Policies on a claims made basis should include a retroactive date to protect the policyholder against claims in respect of work undertaken prior to the current policy year. It's the best way to obtain the protection you need now. What does psychologists professional indemnity cover? Like all those providing professional services, psychologists provide a service that comes with an expectation of a certain level of professionalism and specialist knowledge. You can apply on-line or call us directly to discuss your requirements with one of our professional liability brokers. Howden has created a very affordable insurance policy tailored to the requirements of psychological therapists. It works in much the same way as regular psychologist indemnity insurance, but it covers you for care given that is technically outside your professional remit. Our Professional Liability Insurance has been specifically designed to cover your work as a Psychotherapist, Psychoanalyst, Analytical Psychologist, Psychosexual Therapist or Counsellor including, where appropriate, work as an Educator, Trainer or Supervisor. Professional indemnity insurance for psychologists provides protection against allegations of negligence, malpractice and breach of professional code of practice. 307082. As Medical Malpractice / Professional Indemnity covers is mandatory for all professional Psychologists, please see the terms and conditions below, offered by FNB Insurance Brokers, the Policy is underwritten by Hollard Insurance Company (Pty) Ltd. Psychological therapists insurance. It is therefore important to discuss PII arrangements with the supervisor and/or employer when negotiating the terms of the employment. WordPress Download Manager - Best Download Management Plugin, Blackfriars Insurance Brokers Ltd is authorised and regulated by the Financial Conduct Authority FRN 308518. The Medical Malpractice/ Professional Indemnity cover options for Qualified Psychologists are as follows: 4) Limit of Indemnity: R2 500 000 in the aggregate. To apply for the complimentary ACPA/IHG insurance login to the ACPA website Member Forum where a button for the complimentary insurance is visible to Student and Associate Members. Whilst in the professional environment you would ordinarily be covered for any malpractice by your employer’s psychologist indemnity insurance, any care given or services rendered in a non-professional capacity or out of hours may leave you liable to legal recourse. Call now on 0117 9556835 for cost effective cover. Psychologist indemnity insurance Psychologists aren’t often called upon to deliver first aid or serious emergency care, but that’s not to say that incidents don’t occur from time to time in which psychologists go above and beyond to provide treatment. All psychologists are required to meet the minimum requirements for PII specified by the PsyBA. Flexible limits of indemnity. The psychologists professional indemnity insurance policy protects the policyholder against claims made against them in respect of their legal liability for loss arising from a breach of professional duty. The cost of your psychologists professional indemnity cover will depend upon a few key factors including the exact nature of the work you undertake, how much work you undertake annually, your previous experience and whether you have previously had any claims made against you. Apply online here: Individual application is quick, confidential and secure. Another form of insurance that many psychologists can benefit from is public liability cover. The majority of professional indemnity insurance policies for psychologists are issued on a claims made basis and this has implications that need to be considered when you cease trading, sell your business or retire with a possible run-off insurance requirement. Via Insurance House member can purchase their combined Medical Malpractice and Public Liability insurance online with instant confirmation. Type of Insurance Covered 3-in-1 policy coverage including: NT/WAProfessional Indemnity Insurance $2 millionPublic Liability Insurance Goods Sold and Supplied Insurance Everyone in business is exposed to the possibility of a claim being made against them and a psychologist is no exception. I phoned Towergate, and they were quite helpful. Discount for pre-licensure psychologists: 35% premium reduction for early career psychologists who have yet to obtain licensure. 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