Public Liability Insurance in Victoria

If you’re a contractor or business owner, you might want to consider Public Liability Insurance. It can help cover legal costs if a customer or third party is injured due to your business activities.
Business Insurance for Public Liability Insurance
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What business insurance claims might a psychologist face?

There are several common causes of claims that psychologists may face, including:

  • Professional negligence
  • Professional misconduct (actual and alleged)
  • Betrayal of confidentiality
  • Simple oversights and mistakes

What business insurance products can provide cover for these events?

Finding suitable business insurance will depend on your specific circumstances. But there are different policies that psychologist may want to consider, including:

Professional Indemnity insurance for psychologists

Professional Indemnity (PI) insurance* is an important form of protection for businesses that provide specialist services or professional advice. It is designed to respond to claims against your business for losses as a result of actual or alleged negligent acts or omissions in the provision of your professional service or advice. Professional Indemnity insurance can also assist with the legal costs associated with responding to or managing claims which are covered by the policy.

Professional Indemnity insurance can help cover you for things such as:

  • Claims resulting from your alleged negligence.
  • Claims due to omissions in the practice of your profession.
  • Legal and other costs associated with responding to claims covered by the policy.

Public Liability insurance for psychologists

You’re job requires you to think like a small business owner as well as a psychologist. That means you’ve got some extra legal responsibilities regarding the general public.

Public Liability insurance is designed to help provide protection* for you and your business in the event a customer, supplier or a member of the public are injured or sustain property damage as a result of your negligent business activities.

What can Public Liability typically cover?

Public Liability insurance can include cover for things like:

  • Personal injury to a customer, supplier or member of the public
  • Damage to a third party’s property due to your negligent business activities
  • Legal and defence costs for a claim covered by the policy.

What isn’t generally covered?

  • Injuries to your own employees
  • Damage to your own property
  • Professional negligence (you may want Professional Indemnity cover for this)
  • Contractual liability
  • Fines or punitive damages

Business Insurance Packs for Psychologists

Business Insurance, also known as Business Insurance Pack, is a package designed to cover your assets and keep your business profitable in the case of various events.

It can cover any of your contents, including professional equipment in the case of fire, theft or even accidental damage.

As a psychologist, you may also want to consider cover some additional options, including:

  • Loss of revenue due to business interruption in specified circumstances
  • Tax Audit Insurance
  • Employment practices and statutory liability risks

Cyber Liability for psychologists

These days we all have a wealth of information on our computers. For a psychologist, you may have highly personal client data and information on your computer, and, if it were to be compromised, the consequences could be dire.

Cyber Liability insurance is a type of business insurance product, which protects your business against both the legal costs and expenses (including compensation payments) related to cybercrime incidents. Your coverage may include cover for expenses and legal costs relating to the following:

  • Data breaches
  • Theft or loss of client information
  • Business interruption costs
  • Forensic investigation
  • Data recovery
  • Extortion
  • Fines and penalties
  • Crisis management costs (to restore your businesses reputation after an attack or data breach)
  • Legal costs from any ensuing civil action taken against you or your company

Compare Business Insurance policies for your psychology practice

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Last updated: 27/04/2022