Alternative therapy, holistic, and complementary therapy insurance is a packaged insurance program made especially for massage therapists, aromatherapists, dance therapists, drama therapists, art therapists, music therapists, and other professionals. Read this guide to:
-
Know the cost of insurance for complementary, holistic, and alternative therapists
-
Compare the quotes of different insurance policies you need
-
Learn which companies offer comprehensive coverage at reasonable rates
How Much Do Holistic, Complementary, And Alternative Therapists Pay For Insurance?
The table below outlines the cost of insurance policies that complementary, holistic, and alternative therapists need:
| Cost per Month | Cost per Year | |
|---|---|---|
| General liability insurance | $26 | $312 |
| Professional liability insurance | $39 | $468 |
| Workers compensation insurance | $44 | $528 |
| Commercial property insurance | $30 | $360 |
| Business owner’s policy | $27 | $324 |
| Commercial auto insurance | $46 | $552 |
Complementary, holistic, and alternative therapists pay $26 per month or $312 per year for a $1 million general liability insurance. This is an estimate for a business profile with 5 employees and a $500,000-$750,000 revenue.
In connection, here’s another table that shows the cost of the best insurance companies for holistic, alternative, and complementary therapists:
| Cost per Month | Cost per Year | Best for | |
|---|---|---|---|
| NEXT | $17 | $204 | Fastest general liability insurance for alternative, holistic, and complementary therapists |
| CoverWallet | $21 | $252 | Complementary, holistic, and alternative therapy insurance online quotes comparison |
| Thimble | $25 | $300 | General liability insurance for holistic speech therapists |
| Hiscox | $27.16 | $325.92 | General liability insurance with worldwide coverage |
| CM&F | $32 | $384 | Professional liability insurance for holistic, complementary, and alternative therapists |
Get all the best quotes from leading providers in a click of a button!
General Liability Insurance For Holistic, Complementary, And Alternative Therapy
| CoverWallet | NEXT (Best) | Thimble | Hiscox | |
|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000 | $2,000,000 |
| Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $100,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $300,000/$1,000,000 | $300,000 | $100,000 | $100,000 |
| Waiver of subrogation included? | Yes | No | Included | Can be included |
| Hired/non-owned auto liability coverage included? | Yes | No | Excluded | Can be included |
| Equipment breakdown floater included? | No | Yes | Included | Can be included |
| Can you get a certificate of insurance online? | Yes | Yes | Yes | Yes |
| Name additional insureds? | Yes | Yes | Yes | Yes |
| Deductible | $0 | $0 | $0 | $0 |
You never know when accidents will happen in the premises of your business. People who sustained injuries or property damage can hold you liable and demand compensation for medical treatment, pain, and suffering.
Buy general liability insurance and protect yourself against this exposure. Use the table above to compare the quotes of general liability insurance for complimentary, holistic, and alternative therapists.
100% of therapists get general liability insurance. This kicks in when a client, independent contractor, visitor, or any other third party holds your business liable for their bodily injuries or property damage. It provides the money you can use to cover:
-
Medical treatments
-
Reimbursements for property damage
-
Settlements
-
Defense costs
-
Court judgments
Common risks covered by this insurance for complementary therapists, holistic therapists, and alternative therapists are:
-
Slip and falls
-
Injuries or property damage caused by broken chairs, tables, doors, or cracked flooring
-
Clients tripping over a cord or any other object on the premises of your business
-
Bodily injuries or property damage caused by a product or equipment a client is using during a therapy session
Aside from accidents that result in bodily injuries or property damage to clients, general liability insurance will also protect you against:
-
Copyright infringement, slander, and libel claims
-
Property damage claim filed by the landlord
-
Liability over accidents that an auto you borrowed or hired caused
Professional Liability Insurance For Complementary, Holistic, And Alternative Therapy
| CoverWallet | NEXT | Thimble | Hiscox | CM&F | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $250,000/$2,000,000 | $1,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $250,000/$2,000,000 | $3,000,000 |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Waiver of subrogation included? | Yes | No | No | No | No |
| HIPAA coverage included? | No | No | No | No | Yes |
| Sexual misconduct coverage included? | No | No | No | No | Yes |
| License defense coverage included? | No | No | No | No | Yes |
| Deductible | $500 | $500 | $500 | $500 | $500-$1,000 |
Clients can file a claim if the services you provided fall below the expected standards. Much worse, they can even accuse you of violating the usual standard of care that every holistic and alternative therapist should follow.
Protect yourself against such risks by adding a professional liability policy to your complementary, alternative, and holistic therapy insurance plan.
Use the table above to compare the quotes of professional liability insurance for alternative, complementary, and holistic therapists.
67% of complementary and holistic therapists purchase professional liability insurance. Professional liability insurance grants the money you can use to cover defense costs, settlements, and court judgements when a claim is filed for:
-
Negligence
-
Misrepresentation
-
Violation of good faith
-
Violation of fair dealing
-
Improper therapy techniques
-
Inaccurate advice
Some insurance companies that underwrite highly tailored complementary, holistic, and alternative therapy insurance plans allow a professional liability policy to also cover:
-
Sexual misconduct
-
HIPAA violation claims
-
Investigation and lawsuits filed by licensing boards
Commercial Property Insurance For Alternative, Holistic, And Complementary Therapy Clinics
| CoverWallet | NEXT (Best) | Hiscox | |
|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $400,000 | $25,000 |
| Contents coverage limit (minimum) | $50,000 | $35,000 | $25,000 |
| Outdoor signs | Excluded | $2,500 | Excluded |
| Accounts receivable | Excluded | Excluded | Included |
| Money and securities | Excluded | $2,500 | Included |
| Lock and keys | Excluded | $2,500 | Excluded |
| Business interruption floater | Excluded | Included | Included |
| Equipment breakdown floater | Excluded | Included | Excluded |
| Inland marine insurance floater | Excluded | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | Included |
Commercial property insurance can be added to complementary, alternative, and holistic therapy insurance bundles if you own or lease a commercial building that’s used as a clinic.
Use the table above to compare the quotes of commercial property insurance from the recommended companies.
Commercial property insurance for holistic therapists reimburses losses if the clinic gets destroyed or damaged because of:
-
Fire
-
Theft
-
Vandalism
-
Civil commotion
-
Riot
-
Malicious mischief
-
Volcanic action
-
Sinkhole collapse
-
Aircraft
-
Vehicle
-
Lightning
-
Winds
-
Snow
-
Rain
-
Falling objects
-
Sprinkler leakage
The coverage of commercial property insurance also applies to business equipment, such as computers, therapy chairs, and beds, that got damaged or lost within the business premises due to fire, theft, and other perils we mentioned above.
Though this doesn’t happen all the time, your commercial property insurance for holistic health practitioner can have these floaters or endorsements:
-
Equipment breakdown
-
Inland marine
-
Customer property coverage
Remember that commercial property insurance doesn’t grant coverage against business property damage or loss as a result of mudslides, landslides, floods, or war.
Business Owner’s Policy For Alternative, Complementary, And Holistic Therapists
| CoverWallet | Thimble (Best) | NEXT | Hiscox | |
|---|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $2,000,000 | $2,000,000 | $2,000,000 |
| Commercial property insurance aggregate limit | $50,000 | $500,000 | $400,000 | $100,000 |
| Optional policies can be added? | Yes | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes | Yes |
Holistic and complementary therapies insurance packages allow you to get a business owner’s policy. This is a good option if you don’t know which policies to add to your insurance plan and don’t have the time to talk with a consultant.
So what is a business owner’s policy? A business owner’s policy is a combination of general liability insurance and commercial property insurance-two of the most essential policies that alternative, holistic, and complementary therapists need.
What makes a business owner’s policy good is that its cost is 2%-5% cheaper than when you bought commercial property insurance or general liability insurance individually. Moreover, it’s easier to manage too.
Use the table above to compare the quotes of the business owner’s policy from the insurance companies we recommend.
Help others make better decisions
Commercial Auto Insurance For Complementary, Holistic, And Alternative Therapy
Do you provide in-house therapy sessions and drive a car to reach clients who booked your services? If this is the case, consider having a commercial auto insurance aside from personal auto insurance.
Commercial auto insurance grants the protection you need while using a vehicle for work. This policy in complementary and alternative therapies insurance will:
-
Cover medical treatments and reimbursements if third parties got involved in a vehicular accident you caused
-
Account for parts repair or replacement expenses if your vehicle got damaged because of a collision, fire, theft, vandalism, and other covered perils
-
Pay for your medical treatment after you got involved in an accident caused by an uninsured/underinsured driver
-
Reimburse vehicle rental fees
-
Cover the replacement costs if any equipment attached to the car you use for work, such as trailers, trolleys, and others, gets damaged
You can’t use commercial auto insurance as coverage for vehicular accidents that result from criminal activities such as drunk driving, driving with no license/expired license, and others.
Moreover, it can’t take care of costs if your car got damaged because of rollovers, sinkhole collapse, and normal wear and tear.
Workers’ Compensation Insurance For Complementary, Holistic, And Alternative Therapy Clinics
It’s important to cover the employees of your alternative and holistic therapy clinic. Don’t do this, and they might sue you for work-related injury or diseases.
Workers’ compensation, aside from group health insurance, is a handy policy for covering costs when something happens to your employees.
100% of holistic therapists purchase workers’ compensation insurance. Here are some situations where this can help:
-
An employee slips and falls
-
An employee gets hurt by a defective equipment
-
An employee contracts a blood-borne disease
-
An employee gets involved in a vehicular accident while traveling to meet a client
So how does this insurance function? Workers’ compensation insurance covers these costs on behalf of your business:
-
Medical treatment
-
Hospitalization
-
Medication
-
Rehabilitation and retraining
-
Lost wages
-
Funeral expenses and allowance to dependents in case of death
Most states in the USA grant an exclusive remedy to alternative, holistic, and complementary therapy clinics that have workers’ compensation insurance.
Aside from covering costs, workers’ compensation insurance also protects your business by granting immunity against some employment-related claims.
You’re required to get workers’ compensation insurance as soon as you have one or more part-time and full-time employees. Failure to get this type of holistic practitioner insurance will result in hefty fines and penalties.
Employer’s Liability Insurance
Your worker’s compensation insurance can have employer’s liability insurance as an automatic or optional add-on.
Employer’s liability insurance grants protection if an employee’s claim against you for occupational injury or disease pushes through.
This grants a $100,000-$5 million worth of coverage you can use to cover defense costs, settlements, and court judgments.
Get all the best quotes from leading providers in a click of a button!
Best Holistic, Complementary, And Alternative Therapy Insurance Companies
These are the best companies to consider working with. Read to know their pros, cons, and rate for a $1 million general liability insurance.
NEXT Alternative Healing Insurance
Pros
-
Best overall
-
Get an online proof of insurance and send as a text message, email, or social media post
-
Fastest general liability insurance for holistic and alternative therapists
-
Great customer service and reputation
-
Issues an online proof of insurance instantly
-
Outstanding value for money
-
Bundle two or more insurance policies and get a 10% discount
Cons
-
Couldn’t find any
NEXT grants protection through its alternative healing insurance program that offers three coverage options-basic, deluxe, and premiere.
The basic coverage option is the cheapest. You only get a general liability policy from this, which has a $1 million per occurrence and aggregate limit.
We suggest you spend more on premiums and go for deluxe instead. Deluxe offers comprehensive coverage. You can get workers’ compensation insurance, general liability insurance with floaters, and commercial property insurance from this. Professional liability insurance can be added if you talk with a representative.
Best for: Best overall; Fastest general liability insurance for alternative, holistic, and complementary therapists
Average cost: $17 per month
Our rating: 10/10
CoverWallet Complementary, Holistic, And Alternative Therapy Insurance
Pros
-
Compare quotes online for free
-
Easy policy management
-
Non-owned/hired auto liability coverage included in general liability insurance
-
Cancel your coverage anytime for free
Cons
-
Not an insurance company but a broker
CoverWallet’s insurance program for holistic, alternative, and complementary therapists consists of general liability insurance, workers compensation insurance, commercial property insurance, and other business insurance policies of its partners.
Though it’s just a broker, CoverWallet allows you to manage policies, get certificates of insurance, and pay premiums online through its online app.
To start a quote, use CoverWallet’s online quotes comparison tool and provide some information about your business. The company will then show the coverage options with the most reasonable rates.
Best for: Complementary, holistic, and alternative therapy insurance online quotes comparison
Average cost: $21 per month
Our rating: 10/10
Thimble Holistic, Complementary, And Alternative Therapy Insurance
Pros
-
Numerous floaters can be added to general liability insurance
-
Issues a quote quickly online
-
Choose policy limits and deductibles
Cons
-
You can’t reach customer service by calling
You might get coverage from Thimble if you’re a complementary speech therapist. Policies you can get from this company are general liability and workers compensation insurance. You can call a representative online if a professional liability coverage can be added.
Thimble allows you to choose between policy limits and deductibles. Moreover, you can customize your general liability insurance by adding customer property coverage, equipment breakdown, and cyber insurance floaters to it.
Best for: General liability insurance for holistic speech therapists
Average cost: $25 per month
Our rating: 9/10
Hiscox Holistic, Alternative, And Complementary Insurance
Pros
-
Fast to process claims
-
Online claims resources
-
Worldwide coverage
-
14-day money-back guarantee
-
Automatic policy renewal
Cons
-
Workers’ compensation and commercial auto insurance are offered with a partner
Hiscox has separate insurance programs for holistic and complementary dance therapists, art therapists, drama therapists, and other related professionals. Inclusions can include business owner’s policy, general liability insurance, professional liability insurance, and cyber liability insurance.
Workers’ compensation insurance and commercial auto insurance aren’t included in the package. However, you can still get quotes for these policies by working with Hiscox’s partner, CyberPolicy.
Best for: General liability insurance with worldwide coverage
Average cost: $27.16 per month
Our rating: 9/10
CM&F Complementary, Alternative, And Holistic Therapist Insurance
Pros
-
Comprehensive professional liability insurance
-
Different rates for students and professionals
Cons
-
Membership is required to get covered
CM&F provides coverage to professional and intern complementary art therapists and dance therapists. Policies that you can get from this company are general liability and professional liability. CM&F’s professional liability insurance has sexual abuse, license defense, and HIPAA floaters.
Best for: Professional liability insurance for holistic, complementary, and alternative therapists
Average cost: $32 per month
Our rating: 8/10
