Experiencing a serious professional complaint is the last thing any mental health professional wants to face during their professional career. This was the case for one social worker in 2017 who found herself having to defend her work to the North Carolina Supreme Court in a lawsuit brought by a client’s family member. The importance of having a strong professional liability insurance policy was clearly illustrated in this case. Liability insurance is a necessity for all mental health professionals as anyone can find themselves in the same situation. Luckily, the social worker was insured by the NASW Risk Retention Group (NASW RRG), the premier insurance company for social workers.
What is a Risk Retention Group (RRG)? It’s a mutual insurance company that offers a stronger solution for professionals as the coverage benefits are suited toward the group of professionals that it insures and its policyholders become owners of the RRG. The NASW RRG, endorsed by the National Association of Social Workers, has been insuring the social work profession with liability insurance for many years and has now expanded beyond social workers to insure a broad range of behavioral health professionals. The NASW RRG is committed to developing products and services uniquely designed for its policyholder owners. “Our priority remains focused on exceeding the needs of our policyholders, delivering high-quality products and services and creating long-term solutions for the profession” says Richard L. Jones, Ph.D., President, NASW Risk Retention Group Board of Directors.
And who better to oversee a program for the profession but the experts themselves? That’s why the NASW RRG is uniquely overseen by board members comprised of social workers, behavioral health professionals and association insurance experts voted on and approved by the policyholder owners every year.
It is rated among the highest in the nation by A.M. Best Company, the world’s largest, most authoritative company issuing financial strength ratings to insurance companies, with an “Excellent” financial strength rating and includes additional financial backing from Swiss Re, the premier reinsurance company. Why is this important? Because it affirms that the company is growing, stable, and solid, exemplifying its commitment to high-quality, customized products for its owners.