Insurance for Occupational Therapists

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Frequently Asked Questions

Why do Occupational Therapists need insurance?

An occupational therapist helps people who have physical, developmental, social or emotional issues, to lead independent and satisfying lives. Occupational therapists may work in establishments such as an audiologists' office, a speech pathologists' office, or in a physical therapists' office. They may also practice independently or in big facilities such as a hospital.

Occupational therapists care for those in need of medical care. Even when completely careful things don't always go your way. Your business may be faced with a medical or liability claim, so insurance will make you prepared for it. Insurance will be there ready for any covered risks. When you are faced with a medical malpractice suit, for example, the insurance will cover expenses up to the policy limits, protecting your business and personal assets.

What risks do Occupational Therapists face?

Occupational therapists face a unique set of risks. Below are some examples:

  • The patient that you treated doesn't feel better. The situation worsens and the patient decides to sue your business.
  • A client slips and falls at your office, suffering an injury. You'll not only pay for the medical expenses but for your defense and court fees should the client sue your business.
  • While visiting a patient, your employee is in an accident in which he is proven at fault.

How much does Occupational Therapy Insurance cost?

The cost of insurance for occupational therapists will depend mostly on the size of your business, the number of employees you have and the coverage needed. Without taking these into account, below is the average cost of insurance policies for your business:

  • General Liability costs $500 in annual premiums.
  • Professional Liability / Malpractice insurance costs $1200 in annual premium.
  • Commercial Auto insurance costs $600 in annual premiums.
  • Workers' Compensation costs $1200 in annual premiums.

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