Why do Social Workers need it?
Social workers engage with vulnerable people in many ways, such as community outreach, teaching courses, or connecting patients with services. This close relationship with the public comes with a unique set risks that social workers need to navigate every day. Professional Liability insurance is an important way to mitigate these risks and protect your professional reputation and finances.
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What is Professional Liability Insurance?
Professional Liability, otherwise known as E&O insurance, protects your business against claims of negligence, misrepresentation or mistake. Typically, the allegation is that your services, products or employees caused some form of financial damage to a third party. Regardless of fault, litigation is expensive, drains time and damages reputation. Professional Liability insurance can protect professional service providers from potentially devastating financial damages resulting from alleged negligence or error in the delivery of your services.
Coverage is provided for:
- Attorney fees and other legal expenses
- Costs and expenses related to a settlement
- Costs and expenses related to a judgment
Professional Liability Insurance for Social Workers
Due to their close contact with the public, social workers may be especially susceptible to claims of negligence, mistake, or misrepresentation. An innocent error in or a misunderstanding over the advice or services you provide could result in a lawsuit. Professional Liability insurance can help protect you against claims from dissatisfied patients or clients.
General Liability Insurance
A Professional Liability insurance policy may not be enough to shield you from all the risks that social workers may face as small business owners.
Also referred to as Commercial General Liability (CGL) or “slip and fall coverage”, this insurance can protect your business against bodily injury or property damage lawsuits from outside parties. For example, a patient visiting your office trips and falls. They suffer a serious cut as a result, which requires stitches. General liability insurance will help cover medical expenses caused by the accident, regardless of who is found at fault.
General Liability insurance can also cover claims of slander or liable.