professional liability insurance program mental health practitioners
 

NEW JERSEY Professional Liability Insurance Rates

• Rates valid for New Jersey only.
The rates shown below include a surcharge of 1.4%
imposed by the State of New Jersey

Limits of Liability and Regulatory Defense Amount
$ 3,000,000
   AGGREGATE LIMIT
$ 1,000,000
   EACH WRONGFUL ACT LIMIT
$ 1,000,000
   EACH OCCURRENCE LIMIT – PREMISES LIABILITY
$ 25,000
   SEXUAL MISCONDUCT AGGREGATE LIMIT
$ 5,000
  REGULATORY DEFENSE AMOUNT

Premium Rates and Information

To determine the cost of insurance for individual practitioners, please follow these 3 easy steps:

STEP 1: Determine the category you fall into.

CATEGORIES: Be sure to select the category that best represents your estimated number of ANNUAL client visits. See examples at right to assist you in calculating your visits.
Category 1

250 OR FEWER ANNUAL CLIENT VISITS
(Average of 5 or fewer visits per week)
Category 2

MORE THAN 250 BUT LESS THAN 750 ANNUAL CLIENT VISITS
(Average of 6-14 visits per week)
Category 3

750 OR MORE ANNUAL CLIENT VISITS
(Average of 15 or more visits per week)


STEP 2: Rates

Find your category and then find the section that applies to you.
Note: Section 3 is only for Psychologists.
professional liability insurance program mental health practitioners
Rockport Insurance Associates Provides Professional Liability Insurance for:
 
Individuals
• Mental Health Counselors
• Psychologists
• School Psychologists
• Psychological Examiners
• Psychological Associates
 • Marriage & Family Therapists
• Social Workers
• Alcohol & Drug Counselors
• Other Mental Health Practitioners 
Groups
• "Groups" of Mental Health Practitioners


Examples:

• One client seen 3 times
   per week = 3 visits
• One group session with 6 group
   members = 6 visits
• One session with 2 family
   members = 2 visits
• One client seen for 3 hours
   in one day = 1 visit
IMPORTANT: If you are a W2 salaried employee but only want coverage for private practice work done outside of that employment, please select the category that best represents your number of ANNUAL private practice visits only. If you would like coverage for the employment as well as any private practice, be sure to select the category that best represents the number of ANNUAL client visits for both.
The rates shown below include a surcharge of 1.4% imposed by the State of New Jersey

SECTION 1

 SECTION 2

SECTION 3

CATEGORY

 MS, MA, MSW, EdS, BA, BS, BSW, No degree*, Associates degree  Doctorate

(OTHER THAN PSYCHOLOGIST)

PSYCHOLOGISTS ONLY

MA, MS, EdS PhD, PsyD, EdD

 1

 $190.63

 $385.32

 $253.50

 $481.65

 2

 $266.68

 $608.40

 $354.90

 $760.50

 3

 $365.04

 $811.20

 $456.30

 $912.60

If you have had a complaint or claim filed against you, your cost may be higher.
For premiums of $250.00 or more, you can pay 50% of the total premium with the application. The balance is due 30 days from the effective date of the policy. We reserve the right to process checks electronically by transmitting the amount of the check, routing number, account number and check serial number to your financial institution.
* Those with no degree must be licensed or certified.

 

STEP 3: Add Other Charges: (if applicable)

ADDITIONAL INSUREDS:
Additional Insureds (for example - Psychological Counseling, Inc.) may be added to your policy when you have a contractual obligation to include them as such. The cost for each additional insured is:

$ 101.40
 EACH IF YOU ARE PRACTICING UNDER A DOCTORATE DEGREE
$ 50.70 EACH IF YOU ARE PRACTICING UNDER NO DEGREE, ASSOCIATE, BACHELOR, MASTERS OR EDUCATION SPECIALIST DEGREE

INDEPENDENT CONTRACTORS AND/OR SUPERVISEES:
If you provide a 1099 tax form to any independent contractors and/or if you supervise anyone whose services are in the mental health field, then the charge below must be paid for each one. The cost is:

$ 50.70 FOR EACH CONTRACTOR AND/OR SUPERVISEE

They will not be insured under your policy but you will be protected, subject to the terms and conditions in the policy (if issued), for a covered event because of their actions. They must carry their own professional liability.

PRIOR ACTS COVERAGE:
To obtain this coverage, you must have a current "claims made" policy in your name that has not expired. The additional NON - REFUNDABLE PREMIUM (due in full) will be quoted upon receipt of an acceptable and approved Prior Acts application.

Group Applicants must submit an application to recieve a premium quotation.
IMPORTANT:

Medical Services Excluded

All medical services, including the furnishing or dispensing of drugs, are specifically excluded from any policy that is issued. Please refer to Exclusions, Item "C," on page 2 of 7 in the specimen policy. If you have prescription privileges, do not apply as you will not be properly covered should a policy be issued to you.
Rockport Insurance Associates
P.O. Box 1809
Rockport, Texas 78381-1809
Phone: 361-790-9043
Fax: 361-790-9754
Toll Free: 1-800-423-5344
Info@rockportinsurance.com

Call for personal service.
8:00 am to 4:30 pm CST
Monday to Friday.
 
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