Professional liability insurance is also referred to as professional indemnity or errors and omissions insurance and has been created to protect businesses and service providers from the cost of dealing with negligence lawsuits and other claims related to errors during job performing.

Who needs professional liability insurance?

Every business and service professional providing expert advice and service should be covered by this type of insurance. For examples, lawyers and doctors are required by the law, in some states, to purchase liability insurance, which, in their case, is known as malpractice insurance. Other examples of business owners and professionals who could benefit from purchasing this type of insurance include engineers, architects, accountants, financial consultants, marketing and advertising professionals, real estate brokers etc. In other words, any professional advice or service that could go wrong and harm clients should be covered, to avoid paying lots of money from your pocket for compensations and dealing with lawsuits. Any client might take legal action against you, so you would better be covered, otherwise you may sink in debt and even be forced to close down your business.

professional liability insurance

Why you need professional liability insurance?

Because we are all subject to mistakes, no matter how good are our intentions and how well-trained we are in our job. Besides, it is not always about negligence, but also about misinterpretation and even violation of good faith.

Examples of incidents covered by professional liability insurance

  • Doctors who misdiagnoses patients’ condition or cause them unintentional injury during surgeries or other medical procedures.
  • A professional or a marketing team of a company uses copyrighted images or text for social media marketing
  • A company signs a contract with a supplier for some materials, but receives poor quality products  and no quality assurance check

In the unfortunate case that your business is sued by a client, being covered by professional liability insurance will provide you a lawyer as well as compensation for any damages that arise from the lawsuit, whether or not you are at fault. This type of insurance extends to allegations brought against, your business partners and employees.

What is not covered?

  • Bodily injuries – With the exception of medical malpractice, where bodily injuries are covered, others require other types of insurance such as product liability, general liability insurance or workers compensation
  • Physical property damage – This is typically covered by general liability or property insurance
  • Illegal actions or intentional wrongdoing
  • Employment discrimination – This falls under employment practices liability insurance

If it seems overwhelming to consider so many types of insurance, don`t worry; in most of the cases they come together in one package.

The cost of professional liability insurance

The price you will pay for being covered is influenced by some factors including your industry, location, the number of your contracts, the training you provide to your employees and the control procedures you use. Also, the more coverage you need, the higher your costs and the higher your deductible, the lower your premiums.

It is also important to know that your insurer will also take into consideration the history of lawsuits filed against your business, which can also increase your premiums.

You want to get a job in the mental health field, but the thought of going through the entire process on your own seems a bit overwhelming? You are not sure that you can have access to all the job offers? You are not so confident about some of the companies posting job offers?  If you are looking for a specific job in a specific area, one way to do that is to use a search engine to look for possibilities – for example search ‘psychiatric nurse practitioner Massachusetts‘, and you could get a listing of all available opportunities in the area. Another option is to leave everything in the hands of a professional recruiter who will help you save time, money, energy and give you access to the best job offers.

How do you choose a mental health recruiter?

When you look for a job in the mental health field, you should do your best to find a recruiter familiar with this type of job environment.

Word of mouth – Ask your friends and colleagues about recruitment agencies they may have worked with and get as many references as you can.

Online Search – Search for recruitment agencies by using search engines and use “mental health” among the keywords. The first page with results is also the most reliable: you will find here important recruitment agencies for different companies that also have SEO-optimized sites, are customer-oriented, offer an easy browsing experience and have a good business reputation – these are indicators of the professionalism and reliability that characterize them when you call their services.

Social Media – Search for recruitment agencies on social networks and analyze their profile. It should be easy for you to determine whether the agency recruit for the type of job you are looking for.

Online Media – Another way to find a recruitment agency is to read online career magazines and websites that present lists of recruitment agencies, as well as statements by HR managers. This way, you can get familiar with the most visible agencies and their level of expertise.

Once you have found an agency that is tailored to your professional needs, ask for more details on the phone and determine whether the conversation is productive or not. Also consider what happens after the conversation: does the agency send you an email with a presentation and an offer? If everything goes professionally and quickly, it might worth choosing it to represent you.

looking for psychiatric nurse practitioner Massachusetts employment

The advantages of working with a recruitment agency

    A recruitment agency takes over the entire process of organizing the recruitment (identifying job requirements/ defining job profile; establishing a strategy for finding candidates/ activating channels for attracting them; creating preliminary lists; preparing the candidates for job interviews; presenting candidate profiles agreed by the clients; scheduling direct interviews with the employers; feedback interviews; follow up for candidate integration.

    A professional recruiter specialized in the mental health field has contacts and experience to identify the best job offers for you, according to your education and professional expectations. It reduces the number of interviews you must attend, by matching your skills with the expectations of the employers

It provides consultancy and expertise relevant to the mental health field, assessment tools, as well as advice on labor law.