Audiologist Insurance: Cost & Quotes From $28/mo

Table of contents
1. General Liability Insurance for Audiologists1.1. Add-Ons to General Liability Insurance for Audiologists1.2. Coverage Limits of General Liability Insurance for Audiologists1.3. Does General Liability Insurance Cover Intentional Damage?2. Malpractice Insurance for Audiologists 2.1. Add-Ons to Malpractice Insurance for Audiologists2.2. Coverage Limits of Malpractice Insurance for Audiologists2.3. What Can Affect The Cost of My Audiologist Malpractice Insurance?3. Commercial Property Insurance for Audiologists3.1. Add-Ons to Commercial Property Insurance for Audiologists3.2. Coverage Limits of Commercial Property Insurance for Audiologists3.3. Do I Still Need Commercial Property Insurance Even If I Am Leasing?4. Business Owner’s Policy for Audiologists  4.1. Add-Ons to Business Owner’s Policy for Audiologists4.2. Coverage Limits of Business Owner’s Policy for Audiologists5. Tools and Equipment Insurance for Audiologists 5.1. Add-Ons to Tools and Equipment Insurance for Audiologists5.2. Coverage Limits of Tools and Equipment Insurance for Audiologists5.3. Do Audiologists Need Tools and Equipment Insurance?6. Workers Compensation Insurance for Audiologists  6.1. Does Workers Comp Offer Benefits To An Employer?6.2. Do Workers Have to Pay for Medical Treatments Out-of-Pocket?7. Excess Liability Insurance for Audiologists7.1. What is the Difference Between Excess Liability Insurance and Umbrella Insurance?8. Audiologist Insurance Cost9. Best Audiologist Insurance Companies9.1. NEXT Audiologist Insurance 9.1.1. Pros 9.1.2. Cons 9.2. The Hartford Audiologist Insurance 9.2.1. Pros 9.2.2. Cons 9.3. CoverWallet Audiologist Insurance 9.3.1. Pros 9.3.2. Cons 9.4. Tivly Audiologist Insurance 9.4.1. Pros 9.4.2. Cons 9.5. Thimble Audiologist Insurance 9.5.1. Pros 9.5.2. Cons 9.6. Hiscox Audiologist Insurance 9.6.1. Pros 9.6.2. Cons 

Your audiology practice helps patients manage and treat symptoms of hearing, which can result in language problems that speech therapists must treat. Audiologist insurance is a policy that can protect you from the financial burdens of doing business, like lawsuits, injuries, and legal judgments. This article will cover standard policies you may want as part of your audiologist insurance policy.

General Liability Insurance for Audiologists

CoverWalletNEXT (Best)ThimbleHiscoxThe Hartford
Per occurrence limit$1,000,000$1,000,000$1,000,000/$2,000,000$2,000,000$1,000,000/$2,000,000
Aggregate limit$2,000,000$2,000,000$1,000,000/$2,000,000$2,000,000$1,000,000/$2,000,000
Products and completed operations aggregate limit$2,000,000

Advertising injury coverage aggregate limit$1,000,000$1,000,000$2,000,000$1,000,000$1,000,000
Tenant’s legal liability coverage limit
Waiver of subrogation included?YesNoIncludedCan be includedNo
Hired/non-owned auto liability coverage included?YesNoNoCan be includedCan be included
Equipment breakdown floater included?NoYesYesCan be includedCan be included
Can you get a certificate of insurance online?YesYesYesYesYes
Name additional insureds?YesYes

The general liability policy of your audiologist insurance package covers third-party claims of injury and property damage. Some examples of coverage are listed below.

  • One of your audiologist patients trips while getting examined and requires knee surgery

  • A patient brings an electronic device to your audiologist's office, which gets damaged

Add-Ons to General Liability Insurance for Audiologists

This audiology liability insurance could also benefit from add-ons. Some are outlined below:

  • Employment practices liability–Covers employee claims of discrimination, workplace harassment, wrongful termination, and other workplace-related claims

  • Cyber liability–Protects your audiologist medical practice from the financial cost of a cyberattack or data breach

  • Excess liability–Extends the protection of your existing general liability policy to get a higher coverage amount than you could generally get

Coverage Limits of General Liability Insurance for Audiologists

Your audiologist general liability policy will have an average coverage limit of $1 million per occurrence and $2 million in total aggregate across the policy lifetime.

Does General Liability Insurance Cover Intentional Damage?

No. General liability insurance will not cover acts of intentional damage. Many insurers will spell out this exemption in the policy language as “intentional acts of the insured.”

Malpractice Insurance for Audiologists

CoverWalletNEXTThimble (Best)HiscoxThe Hartford
Per occurrence limit$1,000,000$1,000,000$1,000,000/$2,000,000$1,000,000$1,000,000
Aggregate limit$2,000,000$2,000,000$1,000,000/$2,000,000$1,000,000$2,000,000
Name additional insureds?YesYesYesYesYes
Waiver of subrogation included?YesNoYesCan be includedNo
HIPAA coverage included?NoNoNoNoNo
Sexual misconduct coverage included?NoNoNoNoCan be included
License defense coverage included?NoNoNoNoCan be included

An audiologist covered by insurance will want to ensure he or she has a comprehensive malpractice policy. This protects your business from costs like legal defenses, court fees, and lawsuits stemming from accusations of negligence and oversights. Everyday situations can include:

  • A patient accuses you of failing to deliver a promised audiologist service

  • You make a mistake in administering care that causes a patient an injury or other damage

Add-Ons to Malpractice Insurance for Audiologists

  • Additional insured–Allows you to add other parties to your malpractice insurance policy

  • Excess liability–Extends the coverage limits of an already existing malpractice policy

Coverage Limits of Malpractice Insurance for Audiologists

The coverage limit for audiologist malpractice insurance is between $100,000 and $1 million and $1 million and $3 million for all claims.

What Can Affect The Cost of My Audiologist Malpractice Insurance?

Certain factors like the location of your practice, insurance claim history, number of hours worked, and the insurer you choose can all affect your audiologist's malpractice insurance cost. This means you will want to research to ensure you get the best price for ideal coverage.

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Commercial Property Insurance for Audiologists

CoverWalletNEXT (Best)ThimbleHiscoxThe Hartford
Building coverage limit (minimum)$50,000$260,000$25,000/$500,000$25,000$60,000
Contents coverage limit (minimum)$50,000$22,000$25,000/$500,000$25,000$60,000
Outdoor signsExcluded$2,500ExcludedExcludedExcluded
Accounts receivableExcludedExcluded$5,000/10,000IncludedExcluded
Money and securitiesExcluded$2,500$1,000IncludedExcluded
Lock and keysExcluded$2,500ExcludedExcludedExcluded
Business interruption floaterExcludedIncludedIncludedIncludedExcluded
Equipment breakdown floaterExcludedIncludedExcludedExcludedExcluded
Inland marine insurance floaterExcludedExcluded$10,000ExcludedExcluded
Employee dishonesty floaterExcluded$5,000$2,500IncludedExcluded

Audiologist insurance may include a commercial property policy if you have business premises. This policy protects your commercial building and the property contained within it. Examples of coverage include:

  • Your office is vandalized with graffiti, and you need help removing it

  • A fire occurred near your office and caused substantial damage to the building

Add-Ons to Commercial Property Insurance for Audiologists

  • Equipment breakdown–Protects equipment from internal damage like a mechanical or electronic failure. This policy will not cover damage from poor maintenance or wear and tear

  • Earthquake insurance–This helps repair damage to your business property when exposed to earthquakes, landslides, and mudslides

Coverage Limits of Commercial Property Insurance for Audiologists

Commercial property insurance for audiologists will possess a coverage limit of $50,000 for your business building and $50,000 for the equipment inside it.

Do I Still Need Commercial Property Insurance Even If I Am Leasing?

Yes, even though your leaseholder may have insurance coverage to protect the real estate you are leasing, you will still want commercial property insurance because it helps protect your business property from damage. A landlord’s insurance policy will only protect things in their interests and have no obligation to help you pay for any damages to your business.