As you complete your education and training, having professional liability protection is an important part of preparing for your career. Psyche offers malpractice insurance designed specifically for psychology students, providing affordable and comprehensive protection that is easy to apply for.
Whether you are in practicum or internship, Psyche coverage protects you as you build the foundation of your professional experience.
Tailored for Students
Our student coverage meets the requirements of universities and training programs. You receive the same trusted protection and claims services that licensed psychologists rely on, at a student-friendly rate.
Coverage You Can Count On
Psyche’s student policies provide professional liability protection for supervised activities within your academic program, including practicum, internship, and research. You are covered against claims of negligence, errors, or omissions arising from your educational work.
Smooth Transition After Graduation
When you complete your program, it is easy to continue coverage through Psyche’s early-career plan. Your protection grows with you, with discounted rates and options for a full policy once you become licensed.
Student professional liability policies can vary widely. Some insurers may exclude certain protections, offer lower limits, or require additional fees for coverages that address common professional risks.
Psychē’s student policy is designed to provide meaningful protection from the start of your training. The following coverages are included in your policy at no additional charge, helping ensure you’re protected as you gain experience in clinical, academic, or supervised settings.
HIPAA Claims - Up to $25,000 for defense, and where insurable by law, fines and penalties arising from investigations or civil proceedings related to actual or alleged HIPAA violations.
Disciplinary Board Proceedings - Up to $1,500 for legal defense in connection with proceedings brought by a licensing board, disciplinary board, professional society, hospital, or healthcare organization.
Deposition Expenses - Up to $1,500 to cover legal expenses associated with depositions.
Privacy Breach Expenses - Up to $15,000 to help manage the response to a data breach, including patient notification services, credit monitoring, and related professional support.
Assault Expenses - Up to $15,000 for expenses incurred as a result of an assault by a patient in a professional setting.
Loss of Earnings - Up to $500 per day, $15,000 aggregate, for covered time away from training or professional duties.
When comparing student policies, it’s important to review what is included, what is excluded, and whether additional fees apply. Psychē’s student coverage is structured to provide these additional coverage protection amounts directly to you, not on a reimbursement basis.
We know your training is about more than coursework; it is about building professional judgment and confidence. Here are some sample articles on insurance basics and risk awareness that may be useful in your insurance purchase decision.
Recommended Reading (.pdf):
Students can also access select Risk Management Resources to begin developing safe, ethical practice habits early in their careers.
Our in-house professionals have decades of experience handling mental health claims and board matters. From the moment you report a concern, our team steps in to:
You will never be left to navigate a claim on your own. The same Psyche team that manages your policy will stand beside you through every step of the process. Learn more about how we support psychologists on our Claims Services page.
Psyche student coverage is easy to apply for and affordable. You can request proof of coverage for your university or site supervisor upon enrollment.
Your coverage is underwritten by Fair American Insurance and Reinsurance Company (FAIRCO), a subsidiary of Transatlantic Reinsurance Company (TransRe). TransRe is part of the Berkshire Hathaway family of companies, one of the most trusted and financially stable organizations in the world. FAIRCO is rated A++ (Superior) by A.M. Best for financial strength and stability.
This relationship provides Psyche policyholders with the confidence that their protection is supported by a financially secure and globally recognized insurance group known for integrity and reliability.
