General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
Commercial Auto Insurance covers your cars, trucks, and vans used in your business. It covers the costs from vehicle damage in collisions, theft, vandalism and weather damage. It also covers medical expenses for to injured parties.
Professional Liability Insurance (or E&O Insurance), protects your small business from claims of mistakes, negligence or malpractice made when providing your services that caused sobody financial loss. PLI covers your legal defense costs, damages and settlements.
Why do Counselors need Liability & Malpractice Insurance?
Health professionals in this industry diagnose and treat disorders such as mental, behavioral, and emotional issues brought about by stress or substance abuse. These professionals may practice privately or in facilities such as hospitals.
It is important for counselors to have an insurance because you provide professional advice to your customers. Mistakes in your judgment can cause huge financial losses to customers and then your business. Your insurance will help you cover all the risks.
What risks do Counselors face?
Counselors face plenty of risks and without insurance, in place, you'll end up losing a lot of money. Here are some risks counselors can face:
How much does insurance cost for Counselors?
The cost of insurance for counselors is determined by the type of your business, the number of employees you have, your business properties and many other factors. Without taking these into account, below are the average costs of an insurance policy: