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How much does insurance cost for physical therapists?

The cost of physical therapist business insurance depends on the policies you choose, the size of your practice, your risk exposure, and other factors. Cost estimates are sourced from policies purchased by Insureon customers.

Business owner’s policy icon

Business owner’s policy costs for physical therapists

Physical therapists pay a median premium of $55 per month, or $655 annually, for a business owner’s policy. This policy bundles general liability insurance and property insurance, often at a discounted rate.

A BOP protects physical therapists against patient injuries and property damage, along with damage to your own business property. Because of its increased coverage and affordability, it’s the policy most often recommended by Insureon’s licensed agents.

Median cost per year: $655
Policy limit: $1 million per occurrence
Policy deductible: $500

Learn more about business owner's policy.

General liability insurance icon

General liability costs for physical therapists

The median cost of general liability insurance is less than $35 per month for physical therapists, or $400 per year. This policy protects against patient injuries and property damage, along with advertising injuries.

Insureon’s licensed agents typically recommend purchasing a business owner’s policy, which bundles general liability insurance with commercial property insurance at a discounted rate.

Median cost per year: $400
Policy limit: $1 million per occurrence
Policy deductible: $500

Learn more about general liability insurance.

Workers’ compensation insurance icon

Workers’ compensation insurance costs for physical therapists

Physical therapy practices pay a median premium of $55 per month, or $660 annually, for workers’ compensation insurance. Almost every state requires physical therapy clinics that have employees to purchase this policy. Workers' comp cover medical bills and partial lost wages for work-related injuries and illnesses. 

Learn more about workers' compensation insurance.

Get free quotes and compare policies with Insureon

Insureon’s licensed insurance agents work with top-rated U.S. carriers to find the right fit for your small business, whether you’re a solo practitioner or run your own physical therapy practice. Apply today to compare multiple quotes with one free online application. If you decide to purchase coverage, you’ll work with an account manager who specializes in business risks for physical therapists.

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