Music Drama Dance Therapy Insurance Policy Information
Music Drama Dance Therapy Insurance. As a recreational therapist, you use dance therapy, art therapy and/or music therapy to help people work through mental, physical and emotional blockages in their lives. Through careful assessment and working alongside medical staff, your clients' family, and your clients, you offer the tools that help your clients recover basic mental and physical abilities.
While you are in the business of making people's lives better, sometimes accidents can happen, and in such cases, costly lawsuits can arise. To keep offering therapeutic services when legal setbacks arise, you need music drama dance therapy insurance.
Music drama dance therapy insurance protects your practice from lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now.
Music Therapy vs. Drama Therapy vs. Dance Therapy.
Music therapists apply music principles and techniques to improve communication, allow expression of feelings, improve coordination, and increase cognitive and social function.
Drama therapy is a health and human services profession that seeks to facilitate physical integration and personal growth for individuals, couples, families, and various groups by using dramatic and theatrical processes. A drama therapist works in various settings, including hospitals, schools and businesses.
Dance therapy is designed to help people integrate the mental, physical, and emotional aspects of their lives through expressive movement. Dance therapists help clients feel better about themselves and overcome issues in their lives that may be holding them back. Music drama dance therapy insurance can cover these types of therapists.
Coverages For Music, Drama & Dance Therapists
Professional Liability - As a recreational therapist using an art to foster patient rehabilitation, the close work you engage in with patients opens the door to accusations against you - accusations of negligence in the treatments you deliver, or accusations of negligence or misconduct. The good news: you can safeguard yourself, and your finances, with professional liability insurance.
Also know as errors and omissions (E&O), with this type of music drama dance therapy insurance, you can get either an all-risks or named-peril policy. An all risk policy covers all perils, excepting those specifically identified in the policy. In contrast, a named-peril policy covers only the specific risks and perils identified in the policy. In theory, you may need a number of named-peril policies to provide the same scope of coverage offered by a single all-risk policy.
General Liability - Regardless of whether you teach in your own premises or rent a space for individual classes, you can still be held liable for injuries that your students, and anyone accompanying them. General liability insurance covers against compensation claims that are made against you following injury to a third party or damage to third party property.
For example if a dance student slipped on a wet floor in your studio and claimed compensation for injury, your music drama dance therapy insurance could cover the legal fees and compensation cost.
Business Property - Whether you own or lease your space, property insurance is a must. This music drama dance therapy insurance provides coverage for equipment, signage, inventory and furniture in case of a fire, storm or theft. However, mass-destruction events like floods and earthquakes are generally not covered under standard property insurance policies. If your area is prone to these issues, check with your insurer to price a separate policy.
Business Owner's Policy - This music drama dance therapy insurance policy is a package of coverages referred to as a business owners' policy (BOP). A BOP combines liability, property, business income and other options to one standard package that is sold at a lower premium than if each coverage was bought separately.
BOP insurance does not include coverage for E&O and commercial vehicles. Workers' com, health, and disability insurances are also not part of a BOP. BOPs can be a good fit for your practice. Usually, a BOP costs less than buying individual music drama dance therapy insurance policies for each coverage. If you need other property or liability coverages, you can add them to the package.
Worker's Compensation - Worker's comp provides insurance to your staff if they get injured on the job. This type of music drama dance therapy insurance provides them with wage replacement and medical benefits. In exchange for these benefits, they give up the rights to sue you for the incident. State laws will vary, but all require you to have workers compensation if you have W2 employees.
Commercial Umbrella - Umbrella policies provide coverage above your other liability coverages. They are designed to cover unusually high losses, when the policy limits of one of the underlying policies have been used up.
Music Drama Dance Therapy Insurance
As a profession, recreational therapy is relatively low risk but you do need insurance to protect yourself and your business. This is because nowadays people will very easily pursue legal action against you even at the smallest aggravation. It's no wonder that there is an increased incidence of legal claims against therapists.
Small Business Economic Data & Insurance Regulations
Perhaps you have the next great idea for a product or service that you know will appeal to your local area. Maybe you want to contribute to the economic growth of your community. Whatever the reason is, if you're thinking about starting a small business, it's important to understand pertinent information relating to small businesses in the United States; namely economic information and insurance regulations. After all, if you want your small business to succeed, you have to understand the economic trends organizations of a similar size in your area.
Likewise, you want to ensure that your small business is well protected with the right business insurance and that you are in compliance with the rules and regulations that pertain to commercial insurance in your region.
Read up on economic statistics and insurance information that relates to small business owners in the United States.
Small Business Economic Data In The United States
Here's a look at some information that was compiled by the Small Business Association (SBA) regarding the economic data that pertains to small businesses in the United States:
- In 2015, small businesses in the United States employed an estimated 58.9 million American workers, or 47.5 percent of the nation's private workforce.
- Largest shares = fewer than 100 employees. The small businesses that employed 100 people or less had the largest share of employment amount small businesses.
- Employment increased by nearly 2 percent. In 2018, employment amongst small businesses increased by 1.8 percent, which is an increase of 1 percent from the prior year.
- Increase in proprietors. In 2016, the number of small business proprietors increased by 2.3 percent.
- In 2015, small businesses were responsible for creating 1.9 million net jobs. Organizations that employed 20 people or less had the largest gains, as they added an estimated 1.1 million net jobs.
- There were 5.7 million loans that were value less than $100,000 issued by lenders in the United States in 2016. These loans were issued under the Community Reinvestment Act.
- Small business owners that were self-employed at the incorporated businesses that they owned reported a median income of $50,347 in 2016.
- Small business owners that were self-employed at the unincorporated businesses that they owned reported a median income of $23,060 in 2016.
Small Business Insurance Information
In the business world, there are many risks faced by company's every day. The best way that business owners can protect themselves from these perils is by carrying the right insurance coverage.
The The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight.
Commercial insurance is particularly important for small business owners, as they stand to lose a lot more. Should a situation arise - a lawsuit, property damage, theft, etc. - small business owners could end up facing serious financial turmoil.
According to the SBA, having the right insurance plan in place can help you avoid major pitfalls. Your business insurance should offer coverage for all of your assets. It should also include liability and casual coverage. The SBA recommends the following insurance plans for small business owners:
- Commercial Property Insurance: In the case of an unplanned disaster - fire, flood, vandalism, theft, etc. - this type of coverage will help you avoid paying for the damage out of your own pocket. Even if you rent the property, you should still carry commercial property insurance.
- Commercial Liability Insurance: In the event that a legal situation arises - a negligence lawsuit, for example - commercial liability coverage will provide financial protection. It will cover the cost of legal defense fees, court fees, and even moneys that may be awarded.
- Commercial Auto Insurance: If you operate a vehicle for any activities that are related to your business - transporting and/or delivering goods, or meeting with clients - commercial auto insurance is legally required for businesses of all sizes, including small businesses.
Additional Resources For Professional Services Insurance
Get informed about small business professional services insurance, including Professional liability, aka errors and omissions (E&O insurance), that protects your business against claims that a professional service you provided caused your client financial loss.
- Answering Service
- Attorney Lawyer
- Business Consulting
- Corporate Wellness
- Court Reporter
- Debt Collection Agency
- Detective Agency
- Electrical Engineering
- Environmental Consultant
- Executive, Career & Life Coaching
- Executive Search Firm
- Expert Witness
- Financial Services
- Financial Planner
- HR Consultant
- Mediator - Arbitrator
- Medical Billing
- Music, Drama & Dance Therapy
- Project Management
- Temporary Staffing
- Tax Preparer
Let's face reality. People today are claims conscious, resulting in a significant share of malpractice lawsuits against professionals.
Liability resulting from the rendering of or the failure to render professional services is excluded in most liability coverage forms. This means that a policy covering a account's or lawyers' office will cover liability arising out of the maintenance or use of the premises, but specifically exclude liability arising out of the rendering of a professional service or the omission of such a service.
In addition to the professions in which actual physical or mental injury may be caused to clients, certain other professions are exposed to claims for malpractice.
Claims may be brought against lawyers, accountants, architects, and similar professional persons for errors or omissions in their professional capacity. Errors & Omissions insurance pays damages that might be awarded to a plaintiff alleging professional negligence.
Professional liability policies are made available to such risks, and these policies provide essentially the same protection as is afforded under the physicians, surgeons or dentists professional liability policy.
Minimum recommended small business insurance coverage: Business Personal Property, Employee Dishonesty, Accounts Receivable, Computers, Valuable Papers and Records, General Liability, Employee Benefits Liability, Professional Liability, Umbrella Liability, Hired and Non-owned Auto Liability & Workers Compensation.
Other commercial insurance policies to consider: Building, Business Income with Extra Expense, Earthquake, Equipment Breakdown, Flood, Computer Fraud, Forgery, Money and Securities, Special Floater, Cyber Liability, Employment-related Practices Liability, Business Auto Liability and Physical Damage and Stop Gap Liability.