The Hartford doesn’t offer psychiatrist insurance online, but a local agency or Tivly may be able to help you find the coverage you need. The following content includes information from various sources and can change over time.
What Is Psychiatrist Insurance?
Psychiatrist insurance is made up of different types of business insurance coverages designed to help protect you from the unique risks you face during normal operations. Whether it’s an unexpected lawsuit or a cyberattack compromising patient records, insurance can help keep your practice running smoothly. A psychiatrist insurance plan can include these common types of coverage:
- Business Owner’s Policy (BOP)
- Professional liability insurance
- Workers’ compensation insurance
Why Might You Need Psychiatrist Insurance?
Psychiatrist insurance can help protect your practice from everyday risks and claims. A malpractice claim, a fire in your office or a hacker stealing patient records can create major financial setbacks and possibly cause lasting harm. The right type of insurance can help protect your practice from:
- Lawsuits: If a patient alleges improper treatment or privacy violations and files a lawsuit, insurance can help pay legal fees and damages.
- Property damage: If a burst pipe floods your office, forcing you to cancel appointments, insurance can help you pay for repairs and recoup lost revenue.
- Cyberattacks: If confidential patient data is leaked, requiring costly legal and IT support, insurance can help cover your costs.
Who May Need Psychiatrist Insurance?
Business insurance can help protect many types of psychiatrists, including:
- Private practice psychiatrists
- Child and adolescent psychiatrists
- Addiction psychiatrists
- Forensic psychiatrists
- Tele-psychiatrists
- Hospital or group practice psychiatrists
What Psychiatrist Insurance Coverages Might I Need?
When it comes to protecting your practice, you’ll want insurance that matches your potential risks. Many psychiatrists start with a Business Owner’s Policy (BOP) as the foundation of their insurance plan. It combines three types of coverage to help protect your business from everyday risks:
General liability insurance helps protect your practice from claims that it caused bodily injury or property damage to others.
Commercial property insurance helps protect the owned or rented building you use to operate, as well as your tools and inventory. These include:
- Computers
- Furniture
- Treatment tools
- Office supplies
Business income insurance helps replace your lost income if you can’t operate your psychiatry practice temporarily because of covered property damage.
Since every psychiatrist has unique challenges, you’ll likely need to add other types of coverage to your BOP to create a customized insurance plan, such as:
Workers’ compensation insurance to help support your employees as they recover from a work-related injury or illness.
Commercial auto insurance to help cover the costs of an auto accident that occurs while you or one of your employees is using a company-owned vehicle for work.
How Much Does Psychiatrist Insurance Cost?
Although The Hartford doesn’t offer coverage to psychiatrists, here are the average costs our small business customers pay for common types of coverage. You can use these amounts to estimate your costs:**
- BOP: $1,687 a year, or about $141 a month
- Stand-alone general liability insurance: $810 a year or about $68 a month
- Workers’ compensation insurance: $1,032 a year, or $86 a month
- Professional liability insurance: $744 a year, or $62 a month1
The cost of psychiatrist insurance varies because every business has unique risks. Insurance companies can use different factors when determining your coverage cost, such as:
- Number of employees
- Location of your business
- Type of coverage
- Your claims history
- Coverage limits you select
To find out your specific psychiatrist practice insurance costs, get a free quote online through Tivly.
Professional Liability Insurance
“A patient sued me, claiming my treatment caused emotional distress and that I broke confidentiality.”
Professional liability insurance helps protect your practice from claims that you made an error in the professional services provided to a patient. It can help pay attorney fees or other court-related costs. This coverage is also known as malpractice insurance.
General Liability Insurance
“A delivery driver slipped in our waiting room and broke her ankle. We had to call EMS right away.”
General liability insurance helps cover claims that your business caused bodily injury or property damage to someone else.
Workers’ Compensation Insurance
“My biller developed a serious ergonomic injury from her desk setup and needed months of physical therapy.”
Workers’ compensation insurance gives your team benefits to help them recover from work-related injuries or illnesses. It can help pay their medical bills and replace lost wages.
Employment Practices Liability Insurance
“A former staffer filed a discrimination complaint against one of my psychiatrists. It took weeks to resolve.”
Employment practices liability insurance (EPLI) helps protect your business from employment-related claims, like wrongful termination, discrimination and harassment.
Commercial Property Insurance
“A hidden water leak led to a lot of damage to our office walls. We had to shut down for cleanup and mold remediation.”
Commercial property insurance helps protect your business' equipment, furniture and inventory from loss or damage caused by events like storms, fires or vandalism.
Commercial Auto Insurance
“One of my psychiatrists was on their way to pick up supplies for the office when they rear-ended another car.”
Commercial auto insurance can help cover property damage and bodily injury claims if you or an employee gets into an accident while driving a business-owned vehicle for work.
Protect Your Practice With Psychiatrist Insurance
Keep your focus where it belongs: on your patients. Get a free online quote today from Tivly.
Last Updated: April 23, 2026
1 What you pay for professional liability insurance will vary by product, limits chosen and risk class or hazard group associated with your business.
2 Psychiatric Times, “Examining Malpractice Risk to Physicians,” viewed March 2026.
3 U.S. Equal Employment Opportunity Commission, “2023 Annual Performance Report,” viewed April 2025.
4 Risk & Insurance, “Water Damage Is a Leading Cause of Commercial Real Estate Claims. How Sensor Technologies Help Mitigate These Claims,” viewed April 2025.
** Costs, premiums, and coverages mentioned are estimates and are not guaranteed. Actual cost, premium, and coverage are determined at the time of quote or issue and are specific to an individual risk. Premiums are based on information provided to The Hartford, including, but not limited to, underwriting and rating criteria. All examples included on this website or in an advertisement are intended for informational purposes only and are not an offer or a guarantee of premium or coverage. Coverage and products described are subject to the terms and conditions found in the policy contract. Any educational information provided about available coverages does not modify the policy language or imply that any claim is covered. Products are not available in all states or for all businesses.
The Hartford does not currently have a product available to provide the coverage described on this page. You are being referred to Tivly in an effort to connect you with a carrier who may provide this coverage. This link will redirect you to a third-party website, owned and operated by an independent party ("Tivly"). Any link you make to or from the Tivly website will be at your own risk. Any use of the Tivly website will be subject to and any information you provide will be governed by the terms of the Tivly website, including those relating to confidentiality, data privacy and security. The Hartford and its affiliates (collectively "The Hartford") do not endorse or approve and make no warranties, representations or undertakings relating to the content of the Tivly website. The Hartford assumes no liability for loss, damage and any other consequence resulting directly or indirectly from your access to the Tivly website or any information that you may provide on the Tivly website.
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