NASW Insurance Products
NASW provides business insurance — including general, professional and cyber liability insurance coverage — to its members, who are social workers and social service agencies.
General Liability
If clients visit your home or workplace, you require general liability insurance. You could be sued if a client is hurt in your office or while arriving or exiting.
This option protects you and your practice if your company operations cause injury or property harm to others. This coverage offers up to $1 million per occurrence and $3 million per year for property damage, personal and bodily injury, fire legal liability, medical bills and damages to rented premises.
Professional Liability
Behavioral health is a fulfilling occupation, but it’s risky in today’s litigious environment. Behavioral health practitioners face malpractice suits. Even if they’re false or fraudulent, malpractice claims must be defended, and the cost might be prohibitive.
Built-in features include $35,000 of state licensing board defense coverage, enhanced limit options and $5,000 per deposition (up to $35,000 per year) for client deposition expenses.
Cyber Liability
You need cyber liability insurance if you save customer data on your computer, phone or workplace files. You can be sued and fined up to $250,000 for a breach. Your clients can sue you for $25,000, and you risk a 10-year prison sentence.
Coverage includes legal defense costs, fines and penalties, damages, a computer security breach expert audit, client/patient notification charges and ID theft protection subscriptions for victims/clients.
NASW Insurance is a BBB-accredited business with an “A+” rating. NASW also has an “A-” excellent financial strength rating with AM Best.
To get a price, contact an NASW RRG Plan Administrator representative by calling 855-835-2160 or using the website’s contact us tool. You can also email asi@naswasi.org. For professional liability claims, call 855-835-2160. For membership-related questions, call 800-742-4089.
NASW does not offer online quoting. A small business insurance policy’s price can be influenced by factors that the industry, location, gross sales, number of employees, payroll, policy limits, deductible selections and claims history. To discuss your insurance coverage, contact an NASW agent.
Most insurance companies offer discounts to help you save money on your premium, such as when you bundle policies or finish a safety course. Ask if there are any further discounts or coverages that you could forego to save money. By doing this, you can better understand your coverage alternatives by speaking with an agent.
Policyholders can expect to receive the following benefits from NASW insurance:
- Competitive group rates for social workers and other behavioral health professionals
- 24/7 claims service
- 24/7 account servicing
- Additional resources, including risk management education, continuing education and professional liability enhanced coverage benefits
- Risk management training
NASW Insurance offers a convenient user platform for policyholders to manage their accounts 24/7. From the user portal, you can:
- Call for customer services
- Call to report a claim
- Call for quotes on accident protection, group term life, long-term disability, major medical, dental insurance, vision insurance or supplemental insurance
- Call to join or renew NASW membership
NASW also provides useful resource articles for policyholders on its company blog, resources and reference for teletherapy services, enhanced professional liability coverage benefits and risk management educational events.
NASW vs. Competitors
NASW’s expertise in providing insurance to social workers and social service agencies sets it apart from its competitors. Insurers offering similar business insurance products to social services organizations include The Hartford, Nationwide and Embroker.
Risk Management Services
NASW Insurance is a financially sound insurance company with an “A-” Excellent rating from the Better Business Bureau (BBB). It provides specialty insurance products to social service organizations, including professional liability, general liability and cyber liability. NASW was founded in 1955 and has chapters in every U.S. state, Washington, D.C., New York City, Puerto Rico, Guma, the Virgin Islands and internationally.
Best For
- Social services organizations and behavioral health professionals needing professional liability, general liability and cyber insurance coverage
- Customers seeking risk management services to lower the frequency and expense of claims
- Those who own businesses and want access to more resources, such as COVID-19 resources, risk management events and educational workshops
- Excellent financial strength ratings
- Risk management services
- 24/7 online support and customer service
- Extensive policyholder resources
- No online quoting available
- Membership required for insurance coverage
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securely through The Hartford’s
website
Comprehensive coverage/Business Owners’ Policy
The Hartford is a leader in casualty and property insurance. It brings more than 200 years of experience in developing and providing insurance products. The company uses a quote-based pricing scheme to offer insurance in 2 main segments: commercial and personal lines.
Its commercial segment serves over 1 million small businesses. The personal segment offers only nationally-endorsed home and auto insurance through the AARP® Insurance Program. The Hartford sells its products mainly through a network of independent brokers and agents.
The company is also a 12-time honoree for the world’s most ethical companies according to The Ethisphere Institute. It delivers the name recognition and reputation of an experienced insurance carrier.
Best For
- Those looking for an experienced insurance provider
- Multiple coverage options with 1 carrier
- More than 200 years of insurance experience
- Provides online quotes
- Has a solid financial rating
- Offers a wide range of commercial insurance products
- Pricing is entirely quote-based
get started
securely through Nationwide Business Insurance’s
website
Commercial Property
Nationwide Business Insurance offers coverage options for businesses of every size and industry. With 15 coverage options, you can put together a layer of protection that is tailored to your business’s needs.
Nationwide’s greatest asset is that it offers access to insurance agents across the nation. This feature allows you to develop a relationship with the person who will help you protect your business through every stage of development. Or, if you prefer, you can handle your insurance needs without choosing an agent.
For all that Nationwide offers, it doesn’t provide a few items you might be looking for. For one, Nationwide does not offer average business insurance rates on its website. It also does not offer as many online resources for business insurance as it does for the other types of insurance that it offers.
AM Best Rating: A+
Moody’s Rating: A1
Best For
- Commercial property insurance
- Businesses that want personalized support
- Small businesses in the beginning stages
- Businesses looking to switch insurance agencies
- Nationwide’s insurance agents offer personalized service
- A+ from A.M. Best
- Wide variety of coverage options
- You can’t sign up for coverage on Nationwide’s mobile app
Embroker simplifies the process of buying business insurance. Instead of having to meet with an agent or broker and fill out piles of paperwork, Embroker has moved the process online so you can directly purchase the coverage you need.
A streamlined process does more than just make things easier for you. It also saves money. Business owners who worked with Embroker saved an average of 20%. You can choose your policy from more than 50 carriers and if you need help, you can speak with an advisor who knows your industry.
Embroker has a wide range of business policies, including essential policies like general liability and workers’ compensation. It also has health and other employee benefits so you can buy and manage all your policies from one platform.
Embroker offers digital certificates of insurance (COIs), so you can send out them out with just a few clicks. You can also track claims online so you stay on top of the claims process.
It all starts with a digital application. From there, Embroker’s technology matches you with coverage that makes sense for you. If you reach out to a broker, they use data from existing policies and 3rd parties to help you find the right coverage for the risks your business faces. Once you buy a policy, Embroker continues to monitor your coverage to ensure it’s still a good fit as your business grows.
Best For
- Tech startups
- Legal professionals
- Businesses concerned that they’re paying too much for coverage
- Wide range of carriers and policies
- Data-driven recommendations
- Offers health and employee benefits
- No mobile app
- Minimal information on the claims process
NASW insures social workers and therapists, offering dependable value while meeting behavioral health professionals’ specific needs at the most competitive group rates. Defending against malpractice lawsuits for social workers and behavioral health professionals can be expensive. NASW offers the best insurance product value at competitive group pricing for behavioral health professionals. With its comprehensive coverage and strong ratings, including an A+ BBB rating, NASW Insurance earns a five-star rating.
Frequently Asked Questions
How do I save money on insurance?
1
How do I save money on insurance?
asked
Janet Hunt, Insurance Agent
1
According to the Insurance Information Institute (III), you can try five easy ways to save money on business insurance: shop around, choose a higher deductible, buy a package policy and work closely with your agent or broker to take advantage of all the discounts you are entitled to receive.
Answer Link
answered
Benzinga
Is commercial insurance expensive?
1
Is commercial insurance expensive?
asked
Janet Hunt, Insurance Agent
1
The cost of commercial insurance will vary greatly depending on your type of business and the types of insurance you need. Therefore, the best way to find the best deal on commercial insurance is by comparison shopping.
Answer Link
answered
Benzinga
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.