Therapist Malpractice Insurance

As a psychotherapist, your patients entrust you with incredibly personal information. And it’s this sensitive material, as well as the close bonds you create with them, that can leave you exposed to risk.

While accusations may be rare, they can wreak havoc on your business, happiness, and savings account. Whether it’s a board complaint or a malpractice claim, medical malpractice insurance (also known as professional liability insurance) can provide you with legal and financial resources to lean on so you can have peace of mind and stay focused on what matters most: helping your patients.

Berxi Malpractice Insurance: Key Features

Here are some noteworthy features of our therapist malpractice insurance:

  • Occurrence and claims-made policy options
    • Don’t know the difference between the two? No worries! We wrote an article that breaks it all down for you.
  • Legal defense outside the limits of liability
    • This means that money spent on your defense won’t be deducted from your insurance limits — so if you have a $1 million limit, you’ll still have $1 million to pay for any settlements or damages.
  • Consent to settle
    • This means that we won't settle a claim without your consent.
  • $0 deductibles
  • Flexible insurance limits based on your needs
  • Convenient payment plans for select policies
  • Customizable tail coverage options for customers with claims-made policies

And did we mention we are often 20% less than competitors because you buy directly from us?

How Much Does Malpractice Insurance Cost for Therapists?

Therapist malpractice insurance typically starts at about $363/year for a supplemental policy and about $765/year for a primary policy. (Keep in mind that these prices are for occurrence policies with limits of $1 million/$3 million.) However, the price depends on a number of factors, including — but not limited to — how much coverage you want and where you practice, as well as your years of experience, education, and time spent on the job.

The best way to get an idea of what your policy would cost is by getting a quote. The process takes a couple minutes, and — if you choose to purchase — your policy can go into effect any day you’d like, including today.

Does Berxi Offer Group Malpractice Insurance for My Entire Practice?

Wondering if you can insure the other therapists in your practice? The answer is yes! Call us at 833.24.BERXI (833.242.3794) and we’ll be there to discuss your insurance needs.

Therapist Malpractice Insurance: What's Covered Under a Berxi Policy?

Industry Coverage

Automatic Coverage Extensions

Additional A La Carte Coverage

Why Should I Choose Berxi for My Malpractice Insurance?

We’ve built a digital professional liability insurance platform that makes the insurance experience simpler, faster, and just plain better for our customers. While we think we’re the right choice for therapists, we also know that this is a really important decision, so we want to make sure you have all the information you need. Here are a few things that set us apart from other insurance companies.

We’re part of Berkshire Hathaway Specialty Insurance Company.

You could say that we’ve got the best of both worlds: while we’re as flexible as a start-up, we also have the financial stability to make sure we’re around for the long term.

We're a direct-to-customer model.

This means that we’re not just the people who sell you an insurance policy – we’re also the people who are responsible for handling your claim. There’s no one in the middle; it’s just us and you. Plus, working directly with us eliminates fees that are typical in insurance transactions. In fact, our customers typically save an average of 20% – and, in some cases, even more.

We’re digital.

You can go onto our website to get a quote, buy a policy, and download your certificate of insurance – all in the exact same day. And if you ever need to file a claim, you can also do that digitally, too.

We’re here for our customers.

When you call our support line, you won’t have to navigate through an endless phone tree or argue with a robot: You’ll reach a real-life human being who’ll work hard to answer all your questions. Being a customer-first company is part of our mission — and we have a great reputation for it.

We started Berxi because we believe that we can make insurance better, faster, and more affordable by offering you a direct connection with an insurance company that cares about your needs. That means that you buy directly from us and you talk directly to us. We know you expect fast, seamless results from a company that really understands you — and that emphasis on technology, compassion, and customer satisfaction is all built into the Berxi mission.
Adam Yasan, Managing Director Berxi

"20% savings" is based on industry pricing averages as of March 2020.

Subject to terms and conditions of the policy. Quote and issuance of a policy are conditioned upon receipt and approval of the following 1) Practice Location; 2) Profession / Specialty; 3) Employment Status; 4) Coverage Type; 5) Hours Worked; and 6) Prior Claims Activity. Final pricing and terms of coverage may vary. Terms, pricing, and coverage may vary. Products not available in all states.