Insurance for Psychiatrists
Malpractice coverage for negligence, errors or misrepresentation in your advice or care
Liability coverage for injury or property damage claims
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Save Money
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Instant Coverage
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What does psychiatrist insurance cover?
Psychiatrist insurance helps protect psychiatrists from the cost of claims arising from the services they provide. Common risks include:
- Professional negligence claims
- Errors or omissions in diagnosis or treatment
- Third-party bodily injury or property damage
- Business property damage
- Workplace injuries
BizInsure understands the insurance needs of psychiatrists and mental health professionals. Compare quotes, choose coverage, and buy online—all in minutes.
Why do psychiatrists need insurance?
Psychiatrists may consider insurance to help cover the cost of claims, lawsuits, and other unexpected expenses.
Providing mental health care requires clinical expertise, sound judgment, and strong relationships with patients. However, allegations of negligence, disputes over treatment, or accidents involving patients or visitors can lead to costly legal fees and compensation claims. Insurance helps protect psychiatrists and their practice, so they can focus on delivering quality patient care.
What types of insurance do psychiatrists need?
BizInsure bundles Professional Liability and General Liability into one policy for psychiatrists.
Professional Liability insurance
Professional Liability Insurance (also known as Malpractice insurance) covers claims that your diagnosis, treatment plan, or medication management caused a patient harm, such as a misdiagnosis. We offer coverage up to $1 million per occurrence and $3 million in the aggregate.
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How much does psychiatrists malpractice insurance cost?
Business insurance costs for psychiatrists can vary depending on your specific location, business size, and the level of cover you choose.
Factors influencing cost
- Risks of the industry 
- Coverage level amount
- Annual turnover
- Number of employees
- Claims history
The pricing information on this page is general in nature and provided for illustrative purposes only. It does not take into account your specific circumstances, business operations, or risk profile. Actual premiums vary based on your profession, location, claims history, and other factors.
Get flexible coverage to match your needs
Choose from flexible coverage levels to match the unique scale and clinical scope of your psychiatry practice.
Factors influencing cost
- Risks of the industry 
- Coverage level amount
- Annual turnover
- Number of employees
- Claims history
The pricing information on this page is general in nature and provided for illustrative purposes only. It does not take into account your specific circumstances, business operations, or risk profile. Actual premiums vary based on your profession, location, claims history, and other factors.
Get flexible coverage to match your needs
Choose from flexible coverage levels to match the unique scale and clinical scope of your psychiatry practice.
Unsure how much to choose? Think about:
- Statutory professional requirements
- Coverage required by contracts
- Number of employees being covered
- Your contract value
- Worst case scenario claim size
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