Insurance for Speech Pathologists

Speech pathologists are committed to preventing, assessing, diagnosing and treating speech, cognitive-communication, language, social communication, and swallowing disorders in adults and children. They may practice in other doctor's offices, privately or in facilities such as hospitals.

Speech Pathologists need insurance as it covers the risks that could otherwise force your business to close. Risks like lawsuits not only consume time but a lot of money as well, and without insurance your business can instantly crumble. When you have insurance the costs are covered, therefore your business and even your personal assets are protected.

Below are some common risks speech pathologists can face:

One of your speech pathologists makes a mistake in the diagnosis which causes the patient more harm than good. Because of this, your patient sues your business.

While doing rounds and visiting one of your patients, your driver gets involved in a vehicular accident in which your business is at fault.

There is no fixed cost of insurance for speech pathologists as the cost mostly depends on the size of your business, the number of employees you have, and the coverage needed for your business. Without taking these into account, below are the most purchased insurance policies for your business and their average costs:

• General Liability insurance costs $500 in annual premiums.
• Commercial Auto insurance costs $700 in annual premiums.
• Workers Compensation costs $1200 in annual premiums.