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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’ve been negligent, they could make a claim against your business and seek to hold you accountable for damages.

Psychologist Indemnity insurance is designed to protect you if something goes wrong while you’re treating a patient, it includes cover against a wide range of risks like claims of professional negligence.2

Mandatory insurance

If you're practising, you need Professional Indemnity insurance arrangements in place that meet the Psychology Board of Australia standard.3

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 Bloggs 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 provides cover for legal liabilities if a member of the public makes a claim that they were injured, or damage was caused to their property because of your business dealings or on your premises.2

Cover benefits of Psychology insurance

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 policy2
Public and Products Liability cover
$20 million combined Public and Products Liability limit per claim and $60 million in the aggregate.2
Flexible Professional Indemnity cover limits
Choose a level of Professional Indemnity cover that suits you: $5 million, $7 million, $10 Million or $20 million.2
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 facts or circumstances which could give rise to a claim, before you purchased the policy.2
 
Subject to eligibility criteria. 
No Excess
No excess for certain claims against the Professional Indemnity or Product Liability section.2
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 operating.5
Cyber cover
Automatic cyber cover up to $100,000 is included which provides cover for cyber extortion, privacy fines, breaches, multimedia liability and virus and hacking.2
Right of Reply
For unfair findings where there is strong probability of a decision being overturned, the policy provides financial assistance of up to $50,000 to cover part of the costs of senior counsel to appeal the decision.2

Better for Psychologists in 3 simple ways

Frequently Asked Questions

What does Psychologists insurance cover?
Professional Indemnity covers:2
 
Claims made against you and notified to the insurer 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 Products Liability covers legal liability for 2:
 
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.6
The sale or supply of a product that causes bodily injury or property damage.
How much is Psychologist insurance?

We arrange insurance designed for Psychologists at competitive prices. Our prices start as low as $177.98.7

Can I place my policy on hold when I go on Parental leave?

If you’re a member of the APS, we can place your policy into Category D cover to allow for Parental Leave. This category provides $2 million coverage for Professional Indemnity for your past work whilst you’re not working. There is nil premium applicable whilst you remain on Parental Leave. The premium already paid is adjusted on a pro-rata basis from the date you notify Aon that you’ll be ceasing work. The Parental Leave feature is a benefit for APS members, as a means of managing your insurance costs while you’re not working.2

What level of complimentary legal advice can I receive?
A total of 2 hours of complimentary legal advice is offered when you hold a Professional Indemnity policy arranged through Aon. You can call the Legal Helpline up to a total of 2 hours in each policy year, per policy, for general legal advice relating to your practice. Legal advice relating to your policy is not included.2
 
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.
Can I provide training under my policy?

You can provide training and teaching services under the policy in respect to the professional services you are covered for.

  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. Subject to full terms, conditions and limits of the policy. Please review the full policy wording for more information.
  3. Psychology Board of Australia - Guideline on professional indemnity insurance for psychologists.
  4. 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.
  5. The run off cover will apply until the Group Facility is cancelled or not renewed. Subject to full terms, conditions and limits of the policy. Please review the full policy wording for more information.
  6. Cover is not provided in respect of activities in the United States of America or Canada and their territories.
  7. Insured being qualified/registered as required, and when applicable - member of relevant association, also takes into account eligibility/referral/underwriting questions and category of cover selected including professional indemnity limit of liability of $5,000,000, and a public/ products liability limit of liability of $20,000,000. Excluding optional extensions. Government charges will differ from state to state and can affect the premium payable.

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.

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