SDN Members don't see this ad. (About Ads) So, for those that don't know, I work in an academic setting and don't see patients day-to-day, but am joining up with a private practice in the near future to do some part time clinical work. As I went through my information gathering phase (my grad school didn't have a "Business of Psychology" class or anything), I noticed that I knew very little about malpractice insurance. I checked out the Trust, and noticed that you can get pretty cheap rates initially out of graduate school, but after a few years go by, you are going to be paying at least $700-800 per year (which was actually less than I thought it would be). You can pay about a third less if you only practice part time (less than 20 hours per week). It might seem like a drop in the bucket for those of us who took out loans, but it is still an important cost to consider. What I also learned is that academics also take out liability insurance. I already have a policy for that through my institution, but wow - that was a surprise. Does anyone have more information about malpractice insurance, either for clinical or academic work? How much does it go up if you get sued (rightfully or wrongfully)? This is all new to me, because I was covered in my Ph.D. program and postdoc already, and didn't have to purchase these things on my own until now.