Securing your own professional liability insurance protection is a necessity for any practicing behavioral health professional, in any setting, whether you’re employed full-time or part-time, practicing on your own, supervising others, or volunteering. You won’t want to spend a single day of your professional career without it.
Why own your own liability insurance policy outside of your employer’s coverage? By insuring yourself with protection, you can relax and have the peace of mind needed to focus on what’s most important to you—helping others. It is critical to have your own legal team if allegations or concerns with your clients arise. If you are an employed professional, working without your own coverage, your choices are limited to the legal support purchased by another decision maker.
And the best part, should you consider broadened services outside the workplace – perhaps in private practice – your coverage can be easily upgraded to keep pace with you every step of the way. Make sure that your work is protected with malpractice coverage that is portable and moves with you through every step of your professional journey. Because experiencing a serious professional complaint is the last thing any mental health professional wants to face during their professional career.
Meet the NASW Risk Retention Group
The NASW Risk Retention Group, (NASW RRG), a mutual insurance company, offers a stronger solution for professionals as the coverage benefits are suited toward the group of professionals that it insures and its policyholders become owners of the RRG. The NASW RRG, endorsed by the National Association of Social Workers, has been insuring the social work profession with liability insurance for many years and has now expanded beyond social workers to insure a broad range of behavioral health professionals.
The NASW RRG is committed to developing products and services uniquely designed for its policyholders. That’s why the NASW RRG is uniquely overseen by board members comprised of social workers, behavioral health professionals and insurance experts voted on and approved by the policyholders every year.
It is rated among the highest in the nation by A.M. Best Company, the world’s largest, most authoritative company issuing financial strength ratings to insurance companies, with an “Excellent” financial strength rating and includes additional financial backing from Swiss Re, the premier reinsurance company. Why is this important? Because it affirms that the company is growing, stable, and solid, exemplifying its commitment to high-quality, customized products for its owners. It has complete control and flexibility to develop industry-specific products and coverage options, specifically tailored to benefit policyholders, compared to the general insurance market.
Visit the NASW Risk Retention Group today to learn more.