Insurance for Psychologists

Yes. Psychologists must have “adequate and appropriate” Professional Indemnity insurance to practice in Australia. Policies must also include civil liability cover, retroactive cover, and automatic reinstatement. These are requirements to register with the Psychology Board of Australia and the Australian Health Practitioner Regulation Agency (AHPRA).

Public Liability insurance helps psychologists cover common claims related to clients visiting their offices or conducting client visits in other locations. It covers psychologists if a third-party claims that their negligent business activities caused them injury or property damage. This includes defence costs cover.

Cyber Liability insurance helps psychologists cover claims related to data breaches that may expose sensitive health and payment information about their clients. It covers losses from claims arising from data breaches, business interruption and remediation costs following an actual or threatened cyberattack or data breach.

A retroactive date is the earliest date from which a claims-made policy will cover you. Any act or incident that occurred before this date will not be covered, even if the claim is filed while the policy is active. The retroactive date helps ensure that you are not held personally liable for past work, provided you maintain continuous coverage.
 
Under Psychology Board registration standards, psychologists must have Professional Indemnity insurance with “appropriate” retroactive cover.

BizCover automatically emails you your certificate of currency after payment is made on a policy. You can also download additional copies at any time by logging in to our customer portal.