How much does insurance cost for nutritionists?

Nutritionists and dietitians pay an average of $29 per month, or $350 annually, for general liability insurance. This policy is sometimes called public liability insurance.

General liability insurance covers common third-party risks at nutrition offices and other healthcare facilities, such as a patient who slips on a wet floor and suffers an injury, or accidental damage to a patient's property.

For example, if a nutritionist accidentally drops a patient's smartphone and breaks it while looking at a nutrition plan, a general liability policy would cover the repair costs or legal fees if the patient sues.

It also helps pay for legal expenses if someone sues your business over copyright infringement or advertising injuries, including defamation.

Some nutritionists may need proof of general liability insurance to sign a commercial lease or secure a client contract.

Below is the average general liability policy for nutritionists who buy from Insureon:

Premium: $29 per month
Policy limits: $1 million per occurrence; $2 million aggregate
Deductible: $500

The per-occurrence limit is the maximum your insurer will pay for a single covered incident, while the aggregate limit is the most the insurer will pay for all claims during the policy period, typically one year.

General liability insurance costs depend on factors such as the coverage limits and deductible you choose, the size of your business, your business income, the amount of foot traffic you have, and any additional insured endorsements you select.

Learn more about how your insurance premium is calculated and how to save money on your general liability coverage.

Nutritionists pay an average of $42 per month, or $500 per year, for a business owner’s policy.

A BOP bundles general liability coverage with commercial property insurance to protect against common third-party risks and business property damage. It typically costs less than purchasing each policy separately.

A BOP covers accidents that injure patients or damage their property, 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 agents.

This is the average business owner's policy for nutritionists who buy from Insureon:

Premium: $42 per month
Policy limits: $1 million per occurrence; $2 million aggregate
Deductible: $500

Nutritionists who have small practices and low risks are often eligible for a business owner's policy.

You can buy endorsements for your policy for broader coverage, though they come with a higher premium. For example, a nutrition business might choose to add business interruption insurance to protect against financial losses from a temporary closure, or equipment breakdown coverage to cover losses from the unexpected breakdown of a piece of medical equipment.

The cost of a business owner's policy is based on a number of factors, including the value of your property, where you are located, and the number of employees you have.

Nutritionists pay an average medical malpractice insurance premium of $42 per month, or $500 annually. This policy is also called professional liability insurance.

Nutritionists often need this coverage to comply with state laws, or to work at a specific hospital or other facility. Because this is a claims-made policy, your coverage must be kept active to collect on a medical malpractice claim.

This policy covers malpractice lawsuits resulting from an error, misdiagnosis, or failure to meet a standard of care. Even frivolous medical liability claims are covered.

For instance, suppose a patient's kidney disease worsens after following your dietary health plan. If they decide to sue your business, malpractice insurance would cover your legal costs, court-ordered judgment, or settlement, helping you to avoid financial loss.

Below is the average malpractice insurance policy for nutritionists who buy from Insureon:

Premium: $42 per month
Policy limits: $1 million per occurrence; $1 million aggregate
Deductible: $500

One of the biggest factors that affects the cost of malpractice insurance is the type of services you offer, such as preventative care, medical nutrition therapy, or nutrition counseling. Other factors include your claims history and the policy limits you choose.

Learn more about how your premium is calculated and how to save money on your malpractice insurance premium.

The average cost of workers’ compensation insurance is $30 per month, or $362 annually, for nutritionists.

This policy covers medical bills and lost wages related to workplace injuries. It usually includes employer's liability insurance to protect against lawsuits from injured workers.

Businesses that have employees typically must purchase workers' comp to comply with state requirements and avoid penalties. For example, all healthcare providers in California, Pennsylvania, and New York must carry workers' comp if they have one or more employees. Florida businesses need coverage when they have four or more employees, and coverage is optional in Texas.

Since health insurance plans can deny claims for injuries related to your job, workers' comp coverage is also recommended for sole proprietors as a financial safety net and for peace of mind.

The cost of workers' comp depends on several factors, primarily the number of employees you have and their occupational risks. You can save money on workers' comp coverage by classifying your employees correctly and implementing a risk management plan to avoid work-related injuries and subsequent claims.

Medical professionals spend an average of $79 per month, or $952 per year, on cyber insurance. This policy is also called cyber liability insurance or cybersecurity insurance.

Cyber insurance helps your business recover financially after a cyberattack or data breach. It can cover data breach investigations, cyber extortion payments, and costs related to complying with your state's data breach laws.

This coverage is especially crucial for nutrition clinics that store protected health insurance and other personally identifiable information (PII) belonging to their patients.

The cost of cyber insurance and the amount of coverage you need depends on the amount of sensitive information you handle at your clinic.

Health professionals pay an average of $216 per month, or $2,589 per year, for commercial auto insurance.

This type of insurance pays for legal costs if your company vehicle injures someone or damages their property in an accident. It can also cover vehicle theft, vandalism, and weather damage.

Most states require commercial auto insurance for vehicles owned by a healthcare business. For personal, rented, and leased vehicles used for work purposes, look to hired and non-owned auto insurance (HNOA) instead.

The cost of commercial auto insurance depends on several factors, including your policy limits, the coverage options you choose, the number and value of your vehicles, and the driving records of anyone permitted to drive.