Best Speech Therapist Business Insurance

The Hartford leads our ranking for speech therapist business insurance with a score of 4.78 out of 5. Speech-language pathologists benefit from its competitive rates, comprehensive coverage options and strong customer service. NEXT and Progressive Commercial also offer solid options for speech therapy practices seeking tailored protection.

Note: We based all scores on a speech therapist business with two employees across professional liability, general liability, workers' comp and BOP policies.

Simply Business offers the cheapest speech therapist business insurance at $39 monthly ($466 annually), with the lowest rates for general liability at $20 monthly and BOP coverage at $30 monthly. Speech-language pathologists needing workers' compensation or professional liability should compare quotes from NEXT and The Hartford, which offer competitive rates starting at $6 and $88 monthly respectively.

Simply Business provides the cheapest general liability insurance for speech therapy practices at $20 monthly ($238 annually), saving speech-language pathologists $11 monthly than the $31 average. The 35% savings makes coverage more affordable for SLPs needing protection against client injury claims during therapy sessions, whether running solo practices or small clinics.

NEXT offers the cheapest workers' comp insurance for speech-language pathologists at $6 monthly ($68 annually), costing $4 less annually than the $72 average. Speech therapy clinics with employees benefit from this 6% savings that protects staff from work-related injuries like repetitive strain or slips during sessions. The Hartford and Thimble also provide competitive rates.

Speech therapy practices pay $88 monthly ($1,059 annually) for the cheapest professional liability insurance through The Hartford, an 11% discount from the $99 average. NEXT and Progressive Commercial offer comparable rates at $93 monthly for SLPs seeking alternatives.

The most affordable BOP insurance for speech-language pathologists comes from Simply Business at $30 monthly ($356 annually), 36% below the $46 average. Speech therapy clinics save $199 annually while bundling general liability, property coverage for therapy materials and evaluation tools, plus business income protection. Nationwide ranks second at $360 yearly for SLPs comparing comprehensive coverage options.

The cost of speech therapist business insurance varies by coverage type, with these average rates for the four most popular policies:

• General Liability: $31 on average per month, ranging from $27 to $37, depending on the state
• Workers' Comp: $6 on average per month, ranging from $5 to $7, depending on the state
• Professional Liability (E&O): $99 on average per month, ranging from $86 to $117, depending on the state
• BOP Insurance: $46 on average per month, ranging from $40 to $56, depending on the state

Required coverage for speech therapists varies by state and business structure, but workers' compensation is mandatory in most states if you have employees. Beyond legal requirements, professional liability and general liability insurance protect speech-language pathologists from the malpractice claims and client injury risks inherent to therapy practices.

• Workers' Compensation Insurance: Required in all states except Texas when you have employees. Covers medical bills and lost wages if staff members suffer work-related injuries like repetitive strain from documentation or back injuries from positioning clients during therapy sessions. Coverage limits are set by state law and vary based on your payroll.
• Professional Liability Insurance: Protects speech-language pathologists against malpractice claims like allegations of inadequate progress, missed diagnoses of developmental delays or treatment approaches that parents claim worsened their child's condition. Recommended limits of $1 million per occurrence and $2 million aggregate cover legal defense costs even for groundless claims, with most SLPs choosing these standard limits.
• General Liability Insurance: Covers third-party injuries and property damage at your clinic or during mobile therapy sessions. Essential protection when a child falls during a session, a parent trips in your waiting room or you accidentally damage equipment at a school where you provide contract services. Most speech therapy practices carry $1 million per occurrence and $2 million aggregate limits.
• Business Owner's Policy: Bundles general liability with property coverage for therapy materials, AAC devices, evaluation tools and office equipment. Adds business income protection if property damage forces you to temporarily close your practice. Typical policies include the same $1 million/$2 million liability limits plus property coverage matching your equipment value, usually $25,000 to $100,000 for small practices.
• Cyber Liability Insurance: Critical for practices storing client records electronically or offering teletherapy services. Covers data breach costs, HIPAA violation penalties up to $25,000, notification expenses and credit monitoring for affected clients. Most speech therapy practices select $100,000 to $500,000 limits as more SLPs adopt digital documentation and telehealth platforms.
• Commercial Auto Insurance: Required by law if you own vehicles for business use. Covers accidents during home visits or travel between school contracts. Mobile speech therapists providing early intervention or pediatric services need state-mandated minimum liability limits, though many carry $500,000 to $1 million for better protection during client transportation.

Getting business insurance for your speech therapy practice involves a number of steps.

Speech-language pathologists have several options for protecting their practices, with The Hartford earning the top spot (4.78 score) for competitive rates and excellent customer service. Speech therapy practices needing the most affordable coverage should explore Simply Business, with an average rate of $39 monthly. Financial protection for speech therapists include professional liability for malpractice claims, general liability for client injuries, workers' compensation and cyber insurance safeguarding patient records.

We answer frequently asked questions about speech therapist business insurance:

We selected the best business insurer for speech-therapist companies based on the following criteria:

• Affordability (50% of score): The lower a company's costs compared to the competition based on our base profile for four core coverage types, the better the company performs.
• Customer service (30% of score): We scored providers on overall customer satisfaction using industry studies, customer review forum ratings and public forum sentiment analysis from sites like Reddit.
• Coverage (15% of score): We scored business insurance providers for this category based on the flexibility, payment and actual coverage options.
• Financial stability (5% of score): Using financial stability industry ratings from companies like AM Best and Moody's, we created an overall rating to judge how likely companies are to pay out claims compared to the competition.

All pricing in this article is based on the following base profile to represent the vast majority of small businesses in all states:

• Three-person business with two employees
• Coverage: $1 million per occurrence and $2 million total per year for all but BOP, which includes the same coverage plus $5,000 of business property coverage
• $150,000 in payroll
• $300,000 annual revenue