Liability Insurance for Member CMPCs
AASP has partnered with CM&F Group to provide three liability insurance products - Professional, General and Cyber - for current AASP member CMPCs residing in the United States or US territories. Please note that candidates who are on track to get their certification will not be eligible for individual coverage until they are fully certified.
Why Should CMPCs Have Professional Liability Insurance?
Professional liability insurance is the best way for you as a CMPC® to protect your career and personal assets. Professional liability insurance will protect you from liability should any of your clients claim your services resulted in or contributed to their physical, mental, or financial harm. Being insured adds another layer of protection. Plus, prospective clients may perceive coverage as a higher mark of professionalism that differentiates you from other consultants who do not carry liability insurance.
General Liability and Cyber Liability Insurance
AASP is now offering general liabilty and cyber insurance in addition to professional liabilty insurance for AASP member CMPCs. General liability insurance protects a business against claims of bodily injury and property damage from customers and clients. These types of claims may result from your company’s products, services or operations. Cyber liability insurance is a type of business insurance policy that provides coverage for risks associated with the use of computers and technology. Cyber liability insurance offers protection from a variety of common cyber threats, including malware, phishing attacks, data breaches, ransomware, stolen devices, and more.
USOPC Registry Requirement
The United States Olympic and Paralympic Committee (USOPC) now requires individuals listed on the Sport Psychology Registry to carry professional liability insurance.
1. Am I covered when traveling internationally to provide services?
Yes, the coverage territory does include coverage outside of the US, including US territories, but only if the claim is brought within the US.
2. Is the provider covered if they are located in the US but their client is located outside the US?
3. How do I know if I qualify for coverage under 1099 (Self-employed) or W-2 (Employed)?
If the insured operates as an independent contractor or is self-employed, they will need to identify as "self-employed" when applying. If the insured works full-time but does consulting part-time or in addition to their full-time position they would still identify as self-employed. If the insured operates as a full-time employee by a single employer, they will need to identify as "employed" when applying. This can also be determined by how your taxes are done. If you receive a W-2 you will select the "employed" option. If you are filing a 1099, you are considered self-employed. However, if the insured does both, they need to apply as "self-employed."