Running a therapy practice is deeply rewarding—but it also comes with risks. Therapy insurance provides the financial protection you need against lawsuits, accidents, data breaches, and unexpected events that could threaten your career. Without proper coverage, even one claim could mean paying thousands out of pocket in legal fees or settlements.

At Rich & Cartmill Insurance in Tulsa, we specialize in tailoring therapy insurance for professionals, so you can focus on helping your clients with peace of mind.

What Is Therapy Insurance and Why Is It Important?

Therapy insurance is a specialized type of business insurance for therapists that safeguards your practice against risks such as:

• Malpractice lawsuits

• Client accidents on your property

• Cyberattacks targeting client records

• Property damage to your office

• Employee injuries (if you have staff)

Think of it as protective armor for your career—ensuring you don’t face financial setbacks that could disrupt your practice.

What Types of Therapy Insurance Do Professionals Need?

Therapists and counselors often need a combination of coverages to stay fully protected:

• Professional Liability Insurance (Malpractice Insurance) – Protects against negligence claims, errors, or omissions.

• General Liability Insurance – Covers accidents like slips, falls, or property damage in your office.

• Cyber Liability Insurance – Protects digital client records from breaches and cyberattacks.

• Property Insurance – Covers office damage from fire, theft, or natural disasters.

• Workers’ Compensation Insurance – Required if you have employees, covering workplace injuries.

Many professionals bundle these policies into a single, customized plan.

How Do I Choose the Right Therapy Insurance Policy?

When comparing therapy insurance options, keep these in mind:

• Coverage Limits – Do they meet your potential risk exposure?

• Deductibles – Balance monthly premiums with out-of-pocket risk.

• Exclusions – Understand what’s not covered.

• Reputation of Insurer – Choose a company known for efficient claims handling.

💡 Pro Tip: A local Tulsa insurance expert at Rich & Cartmill can review your practice’s unique risks and recommend the right policy.

FAQs About Therapy Insurance

Do therapists really need malpractice insurance?
Yes. Even if you’ve never had a complaint, a single claim can be financially devastating. Professional liability insurance is a must-have for every therapist.

Is cyber liability insurance necessary for small therapy practices?
Absolutely. If you store digital client records—even a few—you’re at risk of hacking or breaches.

How much does therapy insurance cost in Oklahoma?
Premiums vary based on your practice size, services offered, and coverage limits. Many policies are surprisingly affordable when bundled together.

Mistakes to Avoid When Buying Therapy Insurance

❌ Skipping professional liability coverage

❌ Choosing the cheapest plan with inadequate coverage

❌ Ignoring cyber liability risks

❌ Forgetting to update policies as your practice grows

Why Choose Rich & Cartmill for Therapy Insurance in Tulsa?

Not all insurance agencies understand the unique risks therapy professionals face. At Rich & Cartmill Insurance and Bonds, we provide:

✅ Local expertise serving Tulsa and Oklahoma professionals

✅ Custom coverage designed for therapy practices of all sizes

✅ Access to top-rated carriers with strong financial backing

✅ Ongoing support to adjust your coverage as your practice evolves

Get Started Today

Protect your career, your practice, and your peace of mind with therapy insurance coverage tailored to your needs.

Contact Rich & Cartmill Insurance today to speak with a local expert about your options.