It is important that therapists understand the necessity of therapist malpractice insurance. These practitioners are professionals that work in close tandem with clients. Because of this, they are often targeted by claims, some of which are baseless, and all of which require that professionals are covered.
Confidentiality issues especially open up a Therapist Malpractice Insurance to the possibility of liability or malpractice claims. The ethics of medicine require that professionals of all specialties keep cases confided in them by their patients completely private. However, many practitioners may turn to a colleague for advice on a case and feel ethically secure in doing so. Regardless of the professionals feelings, this is a breach that can possibly result in a claim by a patient, and yet it is a breach that happens often and usually in good conscience by the therapist.
Some therapists work under a separate facility, generally a hospital or clinic that covers their insurance costs for them. However, most therapists prefer to work independently out of their own practice. This means covering their own premium costs and shopping for a policy that meets their individual needs. Additionally, being careful in wording when communicating with patients can be helpful in minimizing baseless claims and liability. Listing statistical likelihoods instead of guaranteeing results for a certain therapy can help minimize claims.
It is vital that professionals today understand how therapist malpractice insurance can help them. With legal costs higher than ever, it is a necessity that any potential claim costs be minimized and legal fees covered.