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Who needs speech therapist insurance?
Speech therapists, who diagnose and treat communication and swallowing disorders in children and adults, should have professional and general liability insurance. Problems may arise when working with clients who do not agree with certain approaches or methodologies. Obtaining speech language pathology (SLP) insurance is a great way to protect yourself while continuing to provide beneficial services to your clients. This is particularly true for speech therapists who work privately or own a small business.
Example professions we also insure
Insurance policies available for speech therapists
For most SLPs, there are three main types of insurance policies that will be worth considering—each of which can provide its own unique aspects of protection to help you run your business with confidence.
Professional liability insurance for speech therapists
Professional liability insurance—also called E&O insurance—provides a number of potential benefits to speech therapists, including coverage for negligence, personal injury (such as libel and slander), defense costs, and also claims against past-rendered services. Though claims including fraudulent acts and property damage usually aren't covered by speech language pathology professional liability insurance, this type of insurance is very important for professionals who regularly provide services, consultation or advice to clients.
Here’s an example of how professional liability insurance could protect a speech therapist. A family brings their child to a speech therapist because the child has a lisp. The therapist works with the child for several months, and the lisp improves but is not completely eliminated, and the therapist indicates they believe there will be no further improvement. The parents sue the therapist, saying they were promised that the lisp would disappear. A professional liability insurance policy would cover the therapist’s defense costs, even if the suit is found to be without basis.
If a client should react negatively to your therapy, accuse you of breaching a confidentiality agreement, or otherwise feel as if they have been damaged in some way by the services you provide, you or your business may be sued. Legal problems for speech pathologists can come in a number of different forms, such as advertising injury and similar claims.
General liability insurance for speech therapists
While professional liability coverage is important for speech language pathologists, there are a number of scenarios that are not typically covered under this form of insurance. General liability—also called commercial general liability (CGL)—covers speech therapists against property damage, claims of bodily injury and associated medical costs.
For example, if a speech therapist sees a child in their office and the child is hurt while running around the office, a general liability insurance policy will cover the child’s medical expenses.
Business owners policy (BOP) for speech therapists
For many SLPs, a business owners policy (BOP) may be the best choice. A BOP is a combination of general liability and business property insurance and is often used to provide coverage to small businesses with the aim of protecting valuable equipment.
A BOP can protect a speech therapist if, for example, their laptop computer is stolen or damaged. The policy could pay to replace the computer, getting the therapist back to business quickly.
Why do speech therapists choose Hiscox?
At Hiscox, we understand just how much work goes into speech language pathology. Whether you've opened your own business or are working as a therapist in a different capacity, we can help you grow your career by reducing risk with our SLP insurance policies, allowing you to focus on what really matters.
Here are six reasons why speech therapists choose Hiscox above other providers for professional liability insurance and general liability insurance:
- Flexible payment options: We offer you the option of making monthly payments (with no additional fees) to help you manage your cash flow.
- Tailored insurance: We specialize in businesses like yours and tailor coverage to the risks in your field.
- Claims responsiveness: When a covered claim is reported, Hiscox will immediately assign a dedicated claims representative to assist you.
- Coverage for contracts: Our architects insurance coverage satisfies most standard contract insurance requirements.
- Worldwide coverage: A business insured through Hiscox is covered for work done anywhere in the world, as long as the claim is filed in the U.S., a U.S. Territory or Canada.
- Passion for service: Agents knowledgeable about your business concerns will provide you with excellent service—4.7/5 people surveyed recommended us.
Ready to learn more about how Hiscox insurance can help mitigate risk with speech therapists’ insurance coverage? Get a fast, free quote online. If you have questions, call us at 1-866-283-7545 and speak with a licensed Hiscox insurance agent, Monday – Friday, 7am – 10pm ET.
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This information is provided to assist you in understanding the coverage we offer and does not modify the terms and conditions of any insurance policy, nor does it imply that any claim is covered. Coverages are subject to underwriting and may not be available in all states.