Affordable Liability Insurance for ACEP Members
liability insurance offered to ACEP members is affordable and tailored to practitioners who include energy-based
methods in their work. Apply now
Do I need liability insurance for my energy psychology practice?
This is a question you need to ask yourself if you are seeing clients – as a student, a practitioner with a private practice, an instructor, or a volunteer.
In the field of energy psychology the likelihood of having a claim is rare due to the non-invasive nature of our practice and the fact that we do not medically diagnose or prescribe to our clients. Because of this, the annual cost of coverage for liability insurance is quite low – starting at $215 for students and $240 for practitioners.
Even when you do your best work, there’s always some risk that someone with whom you interact will be dissatisfied. Any dissatisfied client or the client’s family could file a claim against you. Even if you are not at fault, without professional liability insurance you would have to pay for your own legal defense and any potential settlement costs.
One of the most common types of lawsuits brought against independent therapists deals with negligence in the performance of professional duties. These types of suits seek damages sustained when you fail to perform your job according to established standards of conduct for your field. The costs of a legal defense, not to mention a settlement, can be devastating in such cases.
Even if you work for someone else, your employer’s professional liability coverage may not be enough to protect you in the event of a lawsuit. Ultimately, maintaining professional liability insurance is the responsible thing to do.
There are many important reasons why it is recommended that all energy healers – students, practitioners, instructors and volunteers – carry liability Insurance. Here are some to consider
Most employer-provided coverage does not cover you when you perform outside your job description or outside your workplace, nor does it cover a private practice.
Whenever you practice you are exposed to a negligent claim, even if you are employed. Therefore your assets are exposed. You may not have assets now, but since malpractice suits generally take years to settle, your future assets could be at risk of being used to satisfy a judgment. Having liability insurance coverage protects you from that exposure.
Client safety in your place of business is your responsibility. Whether your business is located in your home or a professional building, you should be aware of any slip and fall hazards that could impact your clients. You should also be aware of safety concerns around your treatment table, furniture placement, the waiting room and restroom access.
According to the Consumer Product Safety Commission, more than one million people seek medical attention each year for "slip and fall” accidents. Often these accidents happen as a result of hazardous conditions on the property. A single claim can cost a business tens of thousands of dollars. The average direct cost for one disabling injury now approaches $28,000. As a small business owner, you need to ask yourself: are you properly insured?
- If you did have a lawsuit filed against you, it must be defended and the costs to defend yourself could be huge. Having professional liability insurance protects you from financial hardship. The insurance company would investigate and provide defense.
- With liability insurance protection you are covered whether practicing in your home, in an office, on a street corner, while traveling and/or when volunteering. This is a relief from worry and provides a tremendous sense of comfort that is well worth the premium.
- Often if you are practicing in a volunteer capacity or if you rent treatment space outside of your home you are required to show that you carry liability insurance.
- If you are an instructor, liability insurance will protect you from accidents happening in your classroom. Often facilities where you hold your classes will require that you have this insurance.
- Just as it makes sense for you to insure your automobile but rarely do you need to use it, the same is true of your livelihood. It's better to protect yourself against the possibility of costly expenses associated with defending claims or court cases.
In addition to the above, carrying liability insurance is another way to show that your energy psychology practice is legitimate and professional. Clients and institutes will often view the fact that you have insurance as a sign that you are a responsible professional.
Bottom line – when you have professional and general liability insurance you are free to provide your services, teach, make recommendations, volunteer whenever/wherever knowing that you and your interests are protected.
Why choose the ACEP approved liability insurance program?
As an active member of ACEP you can now have $2,000,000 of professional practice insurance specifically covering energy healing modalities whether or not you are licensed and whether or not you have other malpractice insurance (that may not cover you for energy healing modalities).
The Healing Touch Professional Association (HTPA) Associate Member Liability Insurance Program has been specifically tailored for energy medicine practitioners and instructors, including other related modalities. HTPA’s Associate Member Program approved by ACEP is one of the few ways you can subscribe to liability insurance through an energy-based program. The profession of energy medicine and energy healing practice has confirmed its place in the new medical model of integrative health care.
This insurance is underwritten by Philadelphia Insurance Companies, that began operations in 1962. Philadelphia Insurance Company’s two insurance subsidiaries are pooled for risk assumption and accumulated surplus. A.M. Best Company has assigned the insurance subsidiaries an A++(Superior) rating. A.M. Best issues financial-strength ratings measuring insurance company’s ability to pay claims. Philadelphia Insurance Companies also has a rating of A+ Standard & Poor’s Rating. Standard & Poor’s credit ratings express the agency’s opinion about the ability and willingness of an issuer, such as a corporation or state or city government, to meet its financial obligations in full and on time.
It is easy to apply. Apply now