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Professional Indemnity and Public Liability Insurance for Psychologists


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Tailored insurance for Psychologists

Psychologists insurance includes both Professional Indemnity and Public Liability in one policy. 

Why do Psychologists need Professional Indemnity insurance?

You have patients that rely on your counselling to help them with any number of issues they’re dealing with, and it’s your help that can get them back on their feet. As you’re helping people when they may be at their most vulnerable, your advice may be misinterpreted by a patient, and this could have a negative impact on that person’s life. If the patient believes that you wronged them in one way or another, they could make a claim of malpractice against you and hold you accountable for damages.

Psychologist Liability insurance includes cover from malpractice, breach of duty, professional misconduct, professional negligence, and mistakes or omissions claims made against you. A well-chosen policy will also cover legal defence costs, obtained with the Insurer’s prior consent.

Mandatory insurance

If you’re a registered practicing Psychologist, you must have appropriate Professional Indemnity insurance, with a minimum amount of $2 million cover for any one claim.1

Why do Psychologists need Public Liability insurance?

You may practise from your premises, or you might travel to see your clients. Whatever the case may be, there are risks all around you. For instance, Dr Joe Blogs enters your practice to have an animated conversation about the differences between Freud and Jung with you. While he’s walking through the waiting room, thoughts of his mum spring into his head, and he’s so distracted that he runs headfirst into Jane, who has a large cup of boiling herbal tea in her hands. Jane's herbal tea flies skyward and comes cascading down all over poor old Doc Joe. Now Joe is left with burns from the tea and a suede jacket that will never be the same. You could be held liable for Joe's injuries and the damage to his coat.

Psychologist Liability insurance acts to protect you from legal liability for claims of injury or property damage made by patients or members of the public. It aims to help you with the cost of claims from a third-party, like compensation payments and legal fees.

Cover benefits of Psychologist insurance:

Flexible Professional Indemnity cover limits
Choose a level of Professional Indemnity cover to suit you - $5 million, $7 million, $10 million or $20 million.4
Public and Products Liability cover
$20 million combined public and products liability limit per claim and $60 million in the aggregate.4
Unlimited retroactive date
You may be covered for claims relating to events that happened before you purchased cover, as long as you weren’t aware of a claim or the facts of circumstances which could give rise to a claim, before you purchased the policy.

Subject to eligibility criteria.
Run-off cover
You can be subject to claims for professional wrong-doing even after you retire or sell your business. Run-off cover extends your insurance policy to respond to claims which arose while the business was operating. 
Complimentary Legal Advice
2 HOURS complimentary legal advice
You could save hundreds of dollars on outside legal costs with 2 hours of complimentary legal advice that's included in this policy4
$0 Excess
No excess when you make a claim against the Professional Indemnity or Product Liability section.4
Cyber cover
Automatic cyber cover up to $100,000 is included which includes cover for cyber extortion, privacy fines, breaches, multimedia liability and virus and hacking.4
Right of Reply
For unfair findings where there is strong probability of a decision being overturned, the policy provides financial assistance to cover part of the costs of senior counsel to appeal the decision up to $50,000.4

Better for Psychologists in 3 simple ways

Frequently Asked Questions

What does Psychologists insurance cover?
Professional Indemnity covers:
 
Claims made against you during the period of insurance resulting from certain errors or omissions in the conduct of your professional services.
Legal fees, settlements and court attendance costs associated with any such claim.
 
Public and Property covers:
 
Third-party injury or property damage arising as a result of your business that occurs on any premises you work from, in most parts of the world.5
The sale or supply of a product that causes bodily injury or property damage.
What is the minimum legal limit for Psychologist insurance cover?

It is mandatory for all registered Psychologists to hold and maintain Professional Indemnity insurance with a minimum of $2 million cover for any one claim.1

How does the legal helpline work?

A total of 2 hours complimentary legal advice is offered when you hold a Professional Indemnity policy through Aon. You can call as often as you like for any business-related matters up to a total of 2 hours in each policy year. 

The Legal Helpline is entirely confidential, and you'll be supported by a network of lawyers who work independently of Aon. The details discussed with the Legal Helpline are confidential and will not impact the future cost of your insurance premium.

What price does Psychologist insurance start at?

We arrange insurance designed for Psychologists at competitive prices. Our prices start as low as $177.984

  1. Available to customers who do not currently have a Professional Indemnity or Public Liability policy through Aon. Aon reserves the right to cancel this offer at any time.
  2. Psychology Board of Australia - Guideline on professional indemnity insurance for psychologists.
  3. We will process your certificate of currency request instantly but, depending on your internet speed and email server, it could take a few minutes to get to your inbox.  
  4. Subject to full terms, conditions and limits of the policy. Please review the full policy wording for more information. 
  5. Cover is not provided in respect of activities in the United States of America or the Dominion of Canada and their territories.

Disclosure and Disclaimer:

Professional Indemnity, Product Liability and Public Liability Insurance for Psychologists is arranged by Aon Risk Services Australia Limited ABN 17 000 434 720 (Aon) on behalf of the underwriter, AAI Limited trading as Vero Insurance (Vero) ABN 48 005297 807 AFSL 230859. If you purchase this insurance, Aon will receive a commission that is a percentage of the premium. Further information can be found in our FSG click here or provided upon request.

Terms, conditions, exclusions and limits apply

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