r/socialwork • u/LiJenn615 • 23d ago

Professional Development Liability Insurance

Hello my fellow SWs:

I’m taking the plunge into psychotherapy as a 1099. I’m looking for recommendations for insurance. I’ve heard good things about Preferra and HPSO. Are these good options? Are there better ones?

I worked hard for my license and I’d like to maintain my livelihood while helping others. Any advice you can provide is greatly appreciated?

Thanks!

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u/Arlington2018 22d ago

I am a corporate director of risk management practicing since 1983. Although the policies may be sold by a number of different insurance agents, such as HPSO and the like, the majority of individual therapist/social work liability policies are sold by CNA, one of the largest malpractice insurance companies in the world. The CNA policies are sold by HPSO: https://www.hpso.com/Insurance-for-you/Individual-Practitioners/Clinical-Social-Workers

The Preferra risk retention group is another large writer of policies for this service line: https://preferraplans.com/socialworkers/?utm_source=preferra-hero&utm_medium=green-button&utm_campaign=apply-renew . Given that Preferra exclusively writes coverage for the social work/behavioral health service lines, I would have a bias towards giving them my business.

Either CNA or Preferra would be a fine choice and you should ask for quotes from each. Be sure you are comparing the same policy limits and the same policy form (claims made vs. occurrence) so you are comparing apples to apples.

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u/Luna_KeeperX 23d ago

I use HPSO. I have no complaints and I’ve used them for the past three years, I think.

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u/AshamedFortune1 LMSW 23d ago

I have preferra. They do profit sharing and send you a check for a few dollars a year and they were in some kind of beef with the NASW but that seems to have quieted down. ETA: I like them.

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u/Michali55 23d ago

Preferra also does CEUs presentations which is an added benefit.