BRP subsidiary introduces psychedelics insurance for therapists

An indirect BRP Group Inc. subsidiary said Tuesday it has introduced TheraCover psychedelics insurance, which covers professionals and companies involved in bringing lawful uses of psychedelic medical therapies to the market.

Armfield, Harrison & Thomas LLC introduced the product.

The claims-made policy has a $1 million limit per claim, with an aggregate of $3 million per policy period.

Leslie Nylund, Tampa, Florida-based BRP’s national managing director, strategic growth initiatives, said in a statement TheraCover covers licensed providers of psychedelic-assisted therapy, including medical doctors, psychotherapists, psychiatric nurses, medical facilitators, clinicians and therapists.

BRP said the product is being introduced with the support of the San Jose-based Multidisciplinary Association for Psychedelic Studies.