Trends in the Applied Behavior Analysis (ABA) industry are rapidly changing. New opportunities in the form of increased insurance coverage mandates place ABA practices in a unique position to capture additional growth. ABA therapists are predicted to experience more than a 20% job growth rate by 2029, according to the U.S. Bureau of Labor Statistics. Additionally, the increase in autism prevalence rates, efforts to combat fraud, and the ever-changing landscape of ABA compliance are all impacting practices across the U.S. and highlight the need for behavior analytic health services coverage. USLI is here to help with obtaining errors and omissions (E&O) coverage for ABA practices and assist insurance professionals with how to educate their clients working in this space about insurance protection.
The following overview highlights the different types of roles frequently found in an ABA Center:
- Board Certified Behavioral Analysts (BCBAs) provide assessments and observe behavior of patients and recommend treatment plans
- Registered Behavioral Technicians (RBTs) support BCBAs, work directly with patients on autism spectrum and implement behavioral strategies
- Speech Language Pathologists address challenges with language and communication by helping to improve verbal, nonverbal and social abilities
- Occupational Therapists help patients work on sensory, motor, social and communication skills to improve their ability to participate in everyday life
Coverage highlights:
- Price starting at $425 for professional liability and $150 for general liability
- Option to package E&O with either general liability or a package including general liability and property.
- $25,000/$50,000 sublimit for defense of allegations of patient molestation included for no charge (buy-up option for $1 million/$3 million also available for additional premium)
- Additional coverages include punitive damages, supplemental payments coverage for lost wages to attend trials/hearings in defense of a claim, coverage for attorney fees/costs/expenses incurred when defending actions by licensing boards
Available limits:
- E&O up to $2 million/$4 million
- General liability available up to $1 million/$3 million
- Excess general liability up to $5 million
- Business personal property/Business income up to $500,000
- Hired and non-owned auto up to $1 million
Our underwriters are ready to help. Please feel free to email your submissions to [email protected], or call us at 1-888-SPD-USLI. Don’t forget to check out our Business Resource Center for free and discounted resources that can help you and your insureds save time and money.
