Practice Risk Solutions

Business Coverage

Do you operate an independent practice? Do you have employees billing under your organization? SAC members have exclusive access to discounted business insurance with coverage designed to meet the specific needs of speech-language pathologists and audiologists.

  • Employment Practices Liability

    Employment Practices Liability Insurance (EPL) includes coverage for defense costs and damages related to various employment-related claims including allegations of wrongful termination, discrimination, workplace harassment and retaliation.

    Please click here to find out more!
  • What is Commercial General Liability Insurance and do I need it?

    Commercial General Liability insurance provides coverage to protect against claims arising from injury or property damage that you (or your business) may cause to another person as a result of your operations and/or premises (for example, a patient may slip and fall on a wet floor in your clinic or your employee may accidentally cause property damage to a patient’s home during a consultation).

    This coverage is recommended for SAC members who own or operate clinics. Coverage is also recommended for independent practitioners who contract out their services or bill under their business name.

  • What is Office Contents Insurance and do I need it?

    Office Contents insurance protects against damage to contents, including medical equipment, and loss of revenues caused by an interruption of business activities arising from an insured loss. Details of the basic Office Contents coverage included in Plan 3 is outlined below. SAC members are able to purchase additional Office Contents insurance if required. Subject to exclusions - 90% co-insurance.

    Coverage Limit
    Office Contents
    Covers the contents usual to an office (i.e. desk chairs, filing cabinets and computers while situated at the address indicated on your certificate). This policy provides “All Risks” of direct physical loss or damage to all assets (subject to policy exclusions) that you own or that you are responsible to insure.
    Includes:
    $125,000
    Earthquake Coverage Additional Premium
    Flood Coverage Additional Premium
    Sewer Backup Yes
    Business Interruption
    Actual loss sustained
  • Clinic Professional Liability Insurance

    In the event of a claim, both the treating professional (any regulated health professional) and the business are likely to be named in a statement of claim or lawsuit. Clinic Professional Liability Insurance protects the business and its assets in such circumstances. Coverage is recommended for businesses with other speech language pathologists, audiologists, communication health assistants or other healthcare professionals working for or on behalf of your business and/or billing under your business name.

    In addition, if you do not have employees but have an incorporated clinic, you should also purchase this coverage.

  • Increased Commercial General Liability Insurance limits

    Commercial General Liability insurance provides coverage to protect against claims arising from injury or property damage that you (or your business) may cause to another person as a result of your operations and/or premises (for example, a patient may slip and fall on a wet floor in your clinic or your employee may accidentally cause property damage to a patient's home during a consultation).

    Commercial General Liability insurance includes a $5,000,000 per occurrence and $6,000,000 per year aggregate limit. Or choose to increase your CGL coverage to $7,000,000 per occurrence and $8,000,000 per year aggregate.

  • Increased Office Contents Insurance limits

    Contents covers items usual to an office, including desks, chairs, filing cabinets and computers, as well as any equipment, stock and improvements and betterments. Includes a $125,000 per claim limit or choose to increase your contents insurance up to $250,000. Higher limits also available.

    Crime coverage protects against financial loss due to dishonesty, fraud, or theft of money, securities or other property owned by the office/clinic.

    Business Interruption insures against loss of income resulting from direct physical loss or direct physical damage to the premises by an insured peril (e.g. fire).

  • Additional Locations

    Clinic Professional Liability Insurance and Commercial General Liability Insurance will extend to protect multiple locations if operating under the same entity.

    But what about your office contents? If you have more than one location, you may want to secure Office Contents Insurance for each site to protect against damage to contents, including medical equipment, and loss of revenues caused by an interruption of business activities arising from an insured loss. You can purchase additional Office Contents Insurance to protect each of your business locations.

Coverage brochure