The Trust News & Articles
4 ways psychology students can prepare themselves
Why do I need liability insurance? It’s the most asked question when our staff exhibits at regional psychological association conventions. These events are attended by hundreds, sometimes thousands of psychology students, and all too often, student liability insurance is a mystery to them. The bottom line is if you provide psychological services, you’re at risk for a
The History of The Trust Advocate 800 Program
Dr. Jana Martin, CEO of The Trust, sits down with Dr. Eric Harris in a 2014 interview to discuss the origins and evolution of The Trust Advocate 800 Program’s risk management service. Part 1 Dr. Harris explains the history of The Trust Advocate 800 Program’s risk management consultation service Part 2 Dr. Harris discusses trends
The reason why we say “for psychologists, by psychologists”
Rome wasn’t built in a day, and neither was your career in psychology. Let’s be honest, it took years of hard work and commitment to get where you are today. From the day you entered school, to graduation, to starting your own practice or becoming a professor, you spent a lot of time and money
Income Protection (Disability) Insurance – Often Overlooked, But Always Needed!
About 70% of Americans have life insurance, but only about 40% have disability insurance. The likelihood of becoming disabled, however, is greater than the risk of dying at every age prior to age 65. In fact, the chance that a 30-year-old will be disabled for more than three months before age 65 is one in
Malpractice Insurance 101: Claims-Made vs. Occurrence Coverage
By Stuart Benas, CIC and Bruce E. Bennett, Ph.D.Reproduced with permission from The National Psychologist You have decided that you are going to start a private practice and are ready to take a major step into running a business. One component of that business will be to make sure you have adequate professional liability insurance. Very
The Benefits of Term Life Insurance
Needs change over time and flexible term insurance can mirror those changes. It acts as temporary insurance to meet your temporary needs. The necessity to provide protection for a family starts out high, but generally diminishes over time as children reach maturity and savings plans accumulate. As the name reflects, term insurance provides coverage for
How much life insurance is enough?
Your most important asset isn’t the house or investments…it’s your earning power. If you have a spouse and dependents you need to take steps to ensure their financial well being by replacing your earning power in the event of your premature death. Filling the gap In the event of a sudden loss of earning power,
Minimizing vicarious liability exposure for loosely organized groups and certain MSO arrangements
For all associations of independent practitioners (To be included as part of one’s informed consent statement) As you know, I work with a group of independent mental health professionals, under the name (Name of Practice). This group is an association of independently practicing professionals which share certain expenses and administrative functions. While the members share
One photograph, one big life lesson
In this age of selfies, it seems we are inundated with photos and video. We take pictures of everything: family, friends, pets, new shoes, funny signs, that weird looking insect you saw on the sidewalk this morning. It has become part of modern day living – been there, done that, took a picture. And we
The one thing you should absolutely do this summer
When was the last time you took a vacation? I’m talking about a REAL vacation. The kind where you forget about work, put down your phone, stop checking emails, take a deep breath, sit down, and just relax. If you can’t remember, you’re not alone. A recent survey by the U.S. Travel Association found that
Liability exposure for chairs and academians…insight from the experts
Representatives from The Trust address professional liability risks affecting Academians, first raised in the November 1999, Monitor article, Conflict, legal threats come with being chair. Bruce E. Bennett, Ph.D., serves as Chief Executive Officer of The Trust. A former member of the APA Board of Directors, he is a national expert on professional ethics and risk
NOTE: This information is provided as a risk management resource and is not legal advice or an individualized personal consultation. At the time this resource was prepared, all information was as current and accurate as possible; however, regulations, laws, or prevailing professional practice standards may have changed since the posting or recording of this resource. Accordingly, it is your responsibility to confirm whether regulatory or legal issues that are relevant to you have since been updated and/or to consult with your professional advisors or legal counsel for timely guidance specific to your situation. As with all professional use of material, please explicitly cite The Trust as the source if you reproduce or distribute any portion of these resources.