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Malpractice Insurance for Psychology Students

Malpractice insurance for Registrars and Psychology Postgraduate Students

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As a Psychology Postgraduate student, you’ll undertake work experience, and as a Psychology Registrar you'll be supervised whilst on the path to gaining area of practice endorsement. Both are environments you’re at risk of a claim, for example, if client records are mixed-up or a client makes a complaint about you whilst under your care?

Our Postgraduate student/Registrar malpractice insurance master policy, endorsed by the Australian Psychological Society, will cover you with professional indemnitypublic liability and product liability.

What’s more, this insurance is FREE while you’re a Postgraduate student or in a Registrar program. Just check you meet the eligibility criteria and complete our quick online form. Sign up, and once you become a practising psychologist, or complete you’re Registrar program, we can easily transition you to our APS-approved, professional indemnity insurance package with 14 months cover for the price of 12.

Further, should you continue to practice after qualification, but before joining a Registrar program, we’re able to offer a 6 month insurance policy to cover this gap. See here for more details.
 

We help cover all the essentials

Interim cover for Registrars

In between becoming qualified and joining a Registrar Program we understand there can often be up to a 6 month gap in between. During this gap period, it is common to still practice, so for this reason it’s important that you’re also covered in the event of a claim.

At Aon we can organise a 6 month $2 million Professional Indemnity policy to cover you at a cost of roughly $91 (depending on the state you live). Once you qualify for the free Register cover, this insurance will simply go into run-off, meaning you’ll still be covered for any claims that raised relating to that period.

To apply, simply just complete your “start date” on the Apply Now form and a member of our team will be in touch.

Do I need Aon’s free insurance?

The Psychology Board of Australia’s professional indemnity insurance guidelines state that when undertaking a placement for study purposes, the higher education institution and/or your registered psychologist supervisor, should have a policy in force that covers you whilst in placement.

However, it’s the student’s responsibility to ensure they're covered. In the situation where you are not (adequately) insured through the alternatives mentioned above, our master policy covers the gap.

What does it mean for this to be a master policy?

A master policy means that the level of indemnity is shared between a group – in this case, the group is eligible APS members. This means that any claims will decrease the limit available to pay claims for other members in the policy, whereas an individual policy covers your professional services only, with one set policy limit.

Am I eligible for Aon’s free insurance?

Postgraduate student requirements: an Associate Member or Student Subscriber of the APS who is a student enrolled in an APAC-accredited 5th year or 5th and 6th year postgraduate course and holds provisional registration with the Psychology Board of Australia.

Registrar requirements: A Member or Associate Member of the APS who holds general registration with the Psychology Board of Australia (PsyBA)and is in a PsyBA approved Registrar program.

The insurance is valid while the insured maintains his or her required PsyBA registration status.

You also must:
  •  be undertaking approved studies in the field of psychology
  •  have no criminal convictions or been subject to any disciplinary proceedings
  •  not have had any claims for professional negligence against you, nor be aware of any circumstances that could lead to a professional indemnity, or public and products liability claim against you.
  •  be working under the supervision of a qualified psychologist & engaging in related tasks. This cover only protects you for psychology profession-related activities.

What am I covered for and for how long?

This policy runs from the 1st of October each year, for 12 months. You’ll be insured for professional indemnity, public & products liability. It covers you for claims against professional wrongdoing in the course of providing psychology services.

Key Features
  •  Shared group limit of $20mil Professional indemnity with 2 possible reinstatements of this same value (so to a total of $60million) .
  •  20 mill Public and Products Liability is also included.
  •  No excess to pay for the claim.
  •  Financial support for:
      •  Legal defence costs, Compensation, Legal costs to pay the claimant

Prior work experience: Our policy is written on a "claims made and notified" basis. This means the insurer will cover mistakes made in your past similar work experience, so long as you have a policy in place when the claim arises & when you notify the insurer.

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