Frequently Asked Questions

About Our Professional Liability Insurance Policy

Why Should You, Your Practice, Organization, or Business Buy Professional Liability Insurance

orange-checkProfessional liability insurance protects you and/or your practice, organization, or business if sued for malpractice. You need protection from legal action due to negligent acts, errors, and omissions on the job and from frivolous lawsuits that can be brought even years later.

orange-checkWithout coverage, you could spend precious time and resources defending yourself, regardless of whether there is any merit to the claim. Professional Liability Insurance provides you with experienced legal defense and coverage for settlements or damages.

orange-checkWe offer a professional policy for individuals and business policies for corporations, group practices, and nonprofits. Businesses may select either a claims-made reporting policy or an occurence reporting policy.

orange-checkIf you have many offices and even offices in other states, you are covered for no additional charge.

Home » Products » Professional Liability » PLI Frequently Asked Questions

Is the Professional Liability policy guaranteed issue?

All applicants will have to go through underwriting review during the application process. However, our underwriting guidelines have been set with the behavioral professional needs in mind.

Why do I need Professional Liability Insurance?

Professional liability insurance protects behavioral health professionals if sued for malpractice. You need protection from legal action due to negligent acts, errors, and omissions on the job and from frivolous lawsuits that can be brought even years later.

Without coverage, you could spend precious time and resources defending yourself, regardless of whether there is any merit to the claim. Professional liability insurance provides you with experienced legal defense and coverage for settlements or damages.

What about the Professional Liability premium cost to me?

Our Professional Liability Insurance policy coverage is half to one-third the premium cost because your carrier the NASW Risk Retention Group (RRG) is owned by the policyholders and does not have earnings demands set by Wall Street stockholders.

Are your insurance policy contracts complicated and difficult to understand?

No. The RRG’s contract policies are written in clear, simple, and easy to understand language with all coverages clearly stated. Unlike the competitors, there is no foggy gibberish language, confusing cross-references or buried exclusions that confuse people. What you see is what you get with the RRG

What are the Professional Liability Insurance policy limits?

Our policy has four (4) sets of limits of liability to choose from:

  • $1,000,000 per occurrence and $3,000,000 in aggregate
  • $1,000,000 per occurrence and $5,000,000 in aggregate
  • $2,000,000 per occurrence and $4,000,000 in aggregate
  • $3,000,000 per occurrence and $5,000,000 in aggregate*

*This option is available only for Virginia residents (Individual policy) and Groups based in Virginia (Group policy).

What is the difference between Claims-Made and Occurrence?

Although very similar, the occurrence policy is more expensive, but you don't have to purchase a tail or extended reporting period (ERP) coverage after the policy is no longer needed. On a claims-made policy or contract, at the end of the coverage, purchase of the tail or ERP is required to report claims that surface later on after the policy is no longer needed. If you have any questions, contact one of our knowledgable representatives at 855-835-2160 or email us to support@assurance4you.com.

What benefits are included with your Professional Liability Insurance policy?

Our policy includes four (4) sets of limits of liability to choose from plus these additional benefits:

  • $35,000 Licensing Board Defense Coverage
  • $35,000 Wage Loss and Expense Coverage per policy period/$1,000 per day
  • $25,000 Sexual Misconduct Coverage with defense costs covered in addition to the limit
  • $15,000 First Party Assault Coverage
  • $15,000 Emergency First Aid Coverage
Who stands behind your insurance policies?

The RRG is reinsured by various leading worldwide reinsurers including Lloyds London, and SwissRe. NASWIC, a captive insurance carrier, also reinsures all of the RRG’s insurance products, and NASWIC carries the stellar A.M. Best A- “Excellent” rating nationally.

What do I do if I need to make changes to my insurance policy?

Call us at 855-835-2160 or email us to support@assurance4you.com. Licensed insurance agents are standing by to help you.

What happens if I have a claim?

Call us at the toll-free HELP LINE number provided. We will conduct a detailed claims intake and immediately start the claims adjudication process on your behalf.

Is the RRG a Mutual Insurance company?

All NASW Risk Retention Group policyholders are members of a mutual insurance company and therefore their policy is evidence of their mutual ownership interest in the NASW Risk Retention Group a mutual insurance company.

Can I select my own lawyer to defend me?

Yes, but you pay the costs. We provide underwriting the policies, legal defense from our lawyer network of over 350 lawyers in all 50 states to defend you. We pay these legal costs.