Make sure that your professional liability policy covers your multi-state practice. If an out-of-state licensing board files a complaint against you, your home state licensing board may initiate a parallel investigation.
Don’t rely on the convenient, repeated use of artificial intelligence (AI) in your therapy documentation. AI has been receiving a lot of publicity lately. While it offers benefits in therapy, behavior prediction, and support functions, it also comes with risks.
There is a ubiquitous philanthropic purpose and benevolent spirit within social workers and their professional services. Caring is a critical intrinsic quality among social workers.
Preferra’s experience in claims adjudication and legal defense of social workers has identified a loophole that plaintiffs’ attorneys use to enhance their lawsuit allegations.
Beware of insurance administrators, agents, and carriers that say they sell “lifetime coverage.” That is a marketing gimmick.
What do we mean by “flavors” of cyber-crime liability? We often see news reports about exposing people’s credit card information and retail credit card information breaches, leading to multimillion-dollar thefts.
Here is a simple question about your liability insurance. Do you think you are insured when heading over the waterfall into bankruptcy and do not know it?
Do you remember when we were children playing hide and seek? After the count-down giving your friends time to hide, you would yell out “Ready or not, here I come ”?
What is social inflation? It is not a common term outside of the insurance industry. Still, it is a dagger thrust into the heart of insurance carriers, and indirectly into you, that has continued to increase insurance policy premiums, increase deductibles, increase exclusions, and decrease sub-limits.
2024 brings robust growth for behavioral health practitioners and many related factors. Social problems and behavioral health problems are rapidly growing in the nation.
In 2024, be prepared for premium rate hikes and watered-down liability policies, but not from Preferra Insurance Company Risk Retention Group.
Life insurance is the critical focus of this TIP article because Life insurance can be considered a social value, especially after the COVID-19 pandemic.