Practice Risk Solutions

SAC Insurance Plans

The SAC insurance program offers three different Plans, each designed specifically to meet the needs of speech-language pathologists, audiologists, and communication health assistants.

Plan 1: Professional Liability Insurance only (Annual Cost: $50)

Plan 2: Professional Liability Insurance and Commercial General Liability Insurance (Annual Cost: $225)

Plan 3: Professional Liability Insurance, Commercial General Liability Insurance, and Office Contents Insurance (Annual Cost: $706.00)

Each plan allows you to increase and add coverages as needed, to truly tailor your insurance coverage according to your specific business exposures.

For further details and pricing:

Coverage brochure

Optional Extensions of Coverage include:

  • 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. You should purchase this coverage if you have health professionals working for, or on behalf of, your clinic and billing under your clinic name. In addition, if you do not have employees but have an incorporated clinic, you should also purchase this coverage.

  • Increased Professional Liability Insurance limits

    Professional Liability insurance protects you against liability or allegations of liability for injury or damages that have resulted from a negligent act, error, omission, or malpractice that has arisen out of your professional capacity as a speech-language pathologist, audiologist, or communication health assistant/associate. Your coverage insures payment of both compensatory damages and legal costs associated with a claim.

    All SAC insurance Plans include Professional Liability Insurance with a $5,000,000 per claim and $6,000,000 per year aggregate limit. You can also choose to increase your Professional Liability Insurance coverage to $7,000,000 per claim and $8,000,000 per year aggregate.

  • 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).

    Plan 2 and Plan 3 automatically include CGL with a $5,000,000 per claim and $6,000,000 per year aggregate limit. Or choose to increase your CGL coverage to $7,000,000 per claim and $8,000,000 per year aggregate.

  • Increased Office Contents Insurance limits

    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.

    Plan 3 automatically includes Office Contents Insurance with a $125,000 per claim limit. Or choose to increase your Office Contents Insurance up to $250,000.

  • Additional Locations

    Business owners operating more than one location can rest easy knowing that their 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. With Plan 3, you can purchase additional Office Contents Insurance to protect each of your business locations.

  • Employee Fidelity Bond

    Protect your business against financial loss due to employee dishonesty, fraud or theft of money, securities or other property owned by the office/clinic. Employee Fidelity Bond should be considered when employees are entrusted to handle cash or other valuable assets belonging to you and/or your business.

  • Third Party Fidelity Bond

    Third Party Fidelity Bond policies provide coverage for the theft of your patient’s property by one of your employees. Members who are contracting out their services or are employed in more than one location may be required to purchase Third Party Fidelity Bond coverage in order to satisfy contractual requirements.

  • Accidental Death and Disablement (AD&D)

    Although we don’t like to think about it, accidents can happen. If the accident is serious enough to limit your ability to practice, you may be faced with financial stresses in addition to the physical ones. AD&D coverage is designed to provide you and your loved ones with financial assistance in the event of an accident that results in injury or death.

  • 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!

If you wish to receive the Policy document, please contact us.