Psychologists need to be adept at listening, understanding and giving relevant and useful advice. It may also pay to know when to accept advice from others. Insurance may not be high on your list of priorities when you start practicing as a psychologist, but it is certainly wise to consider it. Whether you are working from home, setting up in a shared practice, or looking to lease a space from which to operate, you’ll need commercial insurance. Massachusetts business policies often cover your own premises, contents such as furniture, computer and office equipment, and include some liability coverage.

In a field such as psychology, where your input is directly affecting the actions of others, liability insurance is essential. This may be a valuable safeguard should a client feel your advice has caused them harm and sue you. In the event you were found liable by a court, the insurance would generally cover legal costs and any payment you were ordered to make up to the value of insurance you had purchased. There are a whole range of insurance products that may be useful for psychologists so it’s worth researching your options.

Good advice may make all the difference. To find out how commercial insurance, Massachusetts-wide, might help your psychology practice, be sure to contact your insurance agent. 

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