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Speech Therapist Insurance: Cost & Quotes From $15/mo

For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

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Table of contents
1. General Liability Insurance for Speech Therapists2. What is the Coverage Limit of General Liability Insurance?2.1. What Are Some Add-Ons to General Liability Insurance?2.2. Is General Liability Insurance Required for Speech Therapists?3. Professional Liability Insurance for Speech Therapists3.1. Costs Covered by Professional Liability Insurance for Speech Therapists3.2. What Are Some Common Add-Ons to Speech Therapist Professional Liability Insurance?3.3. How Much Coverage Does Speech Therapist Professional Liability Insurance Give?4. Commercial Property Insurance for Speech Therapists4.1. Costs Covered by Commercial Property Insurance for Speech Therapists4.2. Are There Any Limitations or Exclusions To Commercial Property Insurance?5. Business Owner’s Policy for Speech Therapists5.1. Perils Covered by Business Owner’s Policy for Speech Therapists5.2. Add-Ons to Business Owner’s Policy for Speech Therapists6. Tools and Equipment Insurance for Speech Therapists6.1. Costs Covered by Equipment Insurance for Speech Therapists6.2. Coverage Limit of Tools and Equipment Insurance for Speech Therapists6.3. Are There Any Limitations or Exclusions in the Policy That Speech Therapists Should Be Aware Of, Such as Coverage for Equipment Used Outside the Therapist’s Office?7. Speech Therapist Insurance Cost8. Best Speech Therapy Insurance Companies8.1. NEXT Speech Therapy Insurance 8.1.1. Pros8.1.2. Cons8.2. CoverWallet Speech Therapy Insurance 8.2.1. Pros8.2.2. Cons8.3. The Hartford Speech Therapy Insurance 8.3.1. Pros8.3.2. Cons8.4. Tivly Speech Therapy Insurance 8.4.1. Pros8.4.2. Cons8.5. Thimble Speech Therapy Insurance 8.5.1. Pros8.5.2. Cons8.6. Hiscox Speech Therapy Insurance 8.6.1. Pros8.6.2. Cons

Speech therapy is a vital service for individuals who experience communication and swallowing disorders. As a speech therapist, it is essential to protect yourself from potential liabilities that may arise from your practice. This is where speech therapist insurance comes in. Having the right insurance coverage can protect you. Moreover, customers will opt for speech therapy covered by insurance. It's because insurance provides a guarantee that they can get something in case something goes wrong. 

In this article, we will cover all aspects of speech therapist insurance. Know the inclusions, the coverage limits, and the best companies. 



General Liability Insurance for Speech Therapists


CoverWallet NEXT (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

$1,000,000$2,000,000$1,000,000$1,000,000
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 
$300,000/$1,000,000
$300,000$100,000$100,000$1,000,000
Waiver of subrogation included?YesNoIncludedCan be includedNo
Hired/non-owned auto liability coverage included?YesNoNoCan be includedCan be included
Equipment breakdown floater included?No YesYesCan be includedCan be included
Can you get a certificate of insurance online?YesYesYesYesYes
Name additional insureds?YesYes
YesYesYes
Deductible$0$0$0$0$0


General liability insurance covers claims of bodily injury, property damage, and advertising injury. Speech therapists can use general liability insurance when faced with a liability claim due to an accident or incident that occurred during therapy sessions, such as a patient slipping and falling during a session. The costs covered by general liability insurance for speech therapists include legal fees, settlements, and judgments.


What is the Coverage Limit of General Liability Insurance?

The coverage limit of general liability insurance for speech pathologist ranges from $1-$2 million per incident and $2 million-$3 million aggregate. 


What Are Some Add-Ons to General Liability Insurance?

Add-ons for general liability insurance can include: 

  • Non-owned and hired auto liability–Grants coverage for bodily injuries or property damage that a borrowed or hired vehicle deals to third parties 

  • Excess liability insurance–Excess liability insurance grants an extra amount of coverage in case a claim exceeds the amount of coverage provided by general liability insurance


Is General Liability Insurance Required for Speech Therapists?

You don’t need to purchase this coverage since it’s not mandated by law. Nonetheless, to become a speech pathologist covered by insurance, protection usually begins by purchasing a general liability policy. Moreover, some clients or facilities may require speech therapists to have this insurance before working with them.


Professional Liability Insurance for Speech Therapists


CoverWallet NEXTThimble (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
Deductible $500$500$500$50/$10,000$500


Also known as speech therapy malpractice insurance, this protects speech therapists from claims of negligence or errors in their practice. As speech therapists work with clients to improve communication, errors can result in million-dollar lawsuits. This can include claims of misdiagnosis, failure to diagnose, or failure to provide appropriate treatment.


Costs Covered by Professional Liability Insurance for Speech Therapists

Malpractice insurance for speech language pathologists provides financial protection in case of a malpractice claim or lawsuit. This insurance can also cover hiring an attorney or expert witness to defend the therapist in court.


What Are Some Common Add-Ons to Speech Therapist Professional Liability Insurance?

Add-ons for professional liability insurance for speech language pathologists  can include:

  • License defense coverage-Grants a $25,000-$50,000 coverage in case licensing boards conduct an investigation following a malpractice claim

  • Abuse and molestation coverage-This add-on allows professional liability insurance  to cover claims for harassment, abuse, assault, and other related acts


How Much Coverage Does Speech Therapist Professional Liability Insurance Give?

The coverage limit of professional liability insurance is  $1 million-$2 million per occurrence and $2 million-$3 million aggregate. Higher limits to this type of speech therapist liability insurance are available if you talk with the insurance company. 

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Commercial Property Insurance for Speech Therapists


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 receivable ExcludedExcluded$5,000/10,000IncludedExcluded
Money and securitiesExcluded$2,500$1,000IncludedExcluded
Lock and keys Excluded$2,500ExcludedExcludedExcluded
Business interruption floaterExcludedIncludedIncludedIncludedExcluded
Equipment breakdown floaterExcludedIncludedExcludedExcludedExcluded
Inland marine insurance floaterExcludedExcluded$10,000ExcludedExcluded
Employee dishonesty floaterExcluded$5,000$2,500IncludedExcluded


Commercial property insurance is an insurance policy that can help protect speech therapists from financial loss resulting from damage or loss of their business property. The policy can cover repairing or replacing the building, equipment, furniture, and supplies. Additionally, it can provide coverage for lost income as a result of renovation or relocation.


Costs Covered by Commercial Property Insurance for Speech Therapists

The costs covered by commercial property insurance for speech therapists typically include the following:

  • Reversing structural damage from fire, theft, vandalism, sinkhole collapse, vehicles, aircraft, wind, lightning, and other covered perils

  • Costs of repairing or replacing equipment and furniture damaged due to a covered event


Are There Any Limitations or Exclusions To Commercial Property Insurance?

Yes, there can be limitations or exclusions in a commercial property insurance policy that speech therapists should be aware of. Usually, commercial property insurance exclude coverage for earthquakes or floods. Normal wear and tear is another exclusion. 


Business Owner’s Policy for Speech Therapists


CoverWalletThimble (Best)NEXT HiscoxThe Hartford
General liability aggregate limit $2,000,000$2,000,000$2,000,000$300,000$1,000,000/$2,000,000
Commercial property coverage limit $50,000$500,000$260,000$25,000$75,000
Optional policies can be added?YesYesYesYesYes
Name additional insureds for free?YesYesYesYesYes
BOP discount?YesYesYesYesYes


A business owner's policy combines commercial property insurance and general liability insurance into a single package. This grants comprehensive protection at a rate cheaper than when you bought general liability and commercial property separately. 


Perils Covered by Business Owner’s Policy for Speech Therapists

A business owner’s policy for speech therapists typically covers the costs of repairing or replacing business property damaged due to a covered event. Additionally, it can provide coverage for liability claims, such as if a patient is injured while visiting the therapist’s office.


Add-Ons to Business Owner’s Policy for Speech Therapists

Insurance providers offer add-ons to the business owner’s policy for speech therapists, such as professional liability insurance or cyber liability insurance. It’s also possible to include equipment coverage and HNOA coverage. 


Tools and Equipment Insurance for Speech Therapists


NEXT ThimbleHiscoxThe Hartford
Aggregate limit$3,000/$10,000$2,500/$5,000$15,000/$25,000$5,000-$10,000
Covers hired and borrowed equipment?$3,000/$10,000$2,500/$5,000NoYes
Miscellaneous equipment also covered?$5,000/$10,000NoYesYes
Offered as an endorsement to general liability insurance?YesYesYesYes
Deductible$500$500$0$0


Tools and equipment insurance is a policy that provides coverage for the tools, equipment, and supplies that speech therapists use in their practice. This is available as a stand-alone policy or as an add-on to general liability or commercial property insurance. 


Costs Covered by Equipment Insurance for Speech Therapists

Tools and equipment insurance can cover the cost of repairing or replacing tools and equipment that are damaged, lost, or stolen. It can also cover renting temporary replacement equipment if the therapist's equipment is being repaired.


Coverage Limit of Tools and Equipment Insurance for Speech Therapists

The coverage limit for tools and equipment insurance can vary depending on the policy and provider. However, it typically ranges from $5,000 to $50,000.


Are There Any Limitations or Exclusions in the Policy That Speech Therapists Should Be Aware Of, Such as Coverage for Equipment Used Outside the Therapist’s Office?

Yes, there may be limitations or exclusions in the policy that speech therapists should be aware of. For example, the policy may not cover borrowed equipment. Additionally, there may be limits on coverage for certain types of equipment, such as high-end cameras or specialized medical equipment. It's important for therapists to carefully review their policy and understand the coverage and limitations.