The Trust News & Articles
New Name Same Affordable Insurance Coverage
The underwriter of The Trust Sponsored Professional Liability Program, ACE, has acquired Chubb, creating an even stronger financial foundation underlying the Program. ACE will now operate under the Chubb name, while continuing to offer – through The Trust – the same broad, affordable malpractice insurance for which The Trust is known. For details, please see
Independent Study Continuing Education
FREE eBOOK! Psychologists insured through The Trust Sponsored Professional Liability Program can now download a FREE Second Edition eBook Assessing and Managing Risk in Psychological Practice: An Individualized Approach. Psychologists who read the original publication and took the original exam in a previous policy period can earn new CE credit and 10% premium discount based
Professional Liability Discounts
Read about a variety of discounts on Trust Sponsored Professional Liability Insurance. Save at least 5% when you purchase Business Office Insurance. [Read More…]
Health Insurance Portability and Accountability Act (HIPAA)
Dear Practitioner Many practitioners have asked if the Health Insurance Portability and Accountability Act (HIPAA) Privacy Rule requires covered health care providers to have a Business Associate Contract with either The Trust or Trust Risk Management Services, Inc. (TRMS) for professional liability insurance purposes. The Trust and TRMS have reviewed the HIPAA Privacy Rule from
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
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
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.