How much does emergency medical service (EMS) insurance cost?

On average, paramedics and emergency medical technicians (EMTs) pay $29 per month, or $350 annually, for general liability insurance coverage, which is the most common type of liability insurance.

This coverage helps protect emergency medical services workers from common third-party liability claims involving injuries, property damage, or advertising issues.

For instance, if a patient is accidentally dropped and injured during transport, or if you accidentally damage a client's belongings, general liability insurance can help cover medical bills, repair costs, or legal fees.

Many employers require their medical professionals to show proof of general liability coverage to work for their agency or ambulance service.

Below is the average general liability policy for EMS professionals who buy from TechInsurance:

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

The per-occurrence limit is the most your insurance company will pay for a single incident, while the aggregate limit is the maximum paid for all claims during the policy term (usually one year).

The cost of general liability insurance is based on several factors, including the types of EMS services you provide, the policy limits and deductible you choose, the size and location of your business, the number of employees you have, and any exclusions or endorsements on your policy, such as an additional insured.

EMS professionals pay an average of $49 per month, $584 per year, for a business owner's policy (BOP).

A BOP combines a general liability insurance policy and commercial property insurance into one convenient, cost-effective package. EMS agencies with lower risk exposure often qualify for a BOP.

This is the average business owner's policy for EMS professionals who buy from TechInsurance:

Premium: $49 per month
Policy limits: $1 million per occurrence; $2 million aggregate
Deductible: $750

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

You can also expand your policy with additional coverage by adding endorsements based on your needs, such as business interruption insurance or equipment breakdown coverage.

Emergency service businesses pay an average medical malpractice insurance premium of $33 per month, or $400 annually. This coverage is also called a professional liability policy or errors and omissions (E&O) insurance.

Many EMS professionals are required to carry paramedic malpractice insurance to comply with state licensing requirements or to work in hospitals, clinics, or other healthcare settings.

Professional liability insurance helps cover lawsuits related to professional errors, missed diagnoses, or failure to meet an accepted standard of care. Even baseless or frivolous malpractice claims can lead to costly legal battles, and this policy helps cover them.

For instance, suppose a client's loved one sues you or your employee for a mistake that occurs when providing medical care. Malpractice insurance can help pay for attorney's fees, settlements, or court judgments, protecting your practice from financial loss.

Below is the average malpractice insurance policy for paramedics and EMS providers who buy from TechInsurance:

Premium: $33 per month
Deductible: $500
Policy limits: $1 million per occurrence; $3 million aggregate

Because EMT malpractice insurance is typically written on as a claims-made policy, you must maintain continuous coverage to remain protected. If your policy lapses, you could lose coverage for previous incidents unless you purchase tail coverage to extend protection.

The biggest factors affecting the cost of professional liability insurance include your claims history, the liability limits you choose, and any additional coverage options, such as tail coverage.

EMT businesses pay an average of $85 per month, or $1,017 per year, for workers’ compensation insurance.

This policy helps cover medical expenses, rehabilitation costs, and lost wages if an employee is injured or becomes ill while performing work duties. It also includes employer’s liability coverage, which protects your practice if an injured employee files a lawsuit over a workplace incident.

Most states require businesses with employees to carry workers’ compensation insurance. The specific rules vary by location.

For example, all employers in Pennsylvania 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.

Even if you’re self-employed, carrying workers’ comp can protect you financially if you’re injured on the job. Standard health insurance often excludes work-related injuries, leaving you to pay out of pocket without this coverage.

Your workers’ comp premium depends mainly on how many employees you have, the type of work they perform, and your claims history. You can help lower your costs by classifying employees accurately and adopting a workplace safety program to reduce injury risks and claims.

Other factors, such as the cost of healthcare in your state, can also affect your premium.

Healthcare professionals, including EMTs and paramedics, pay an average of $74 per month, or $883 per year, on cyber insurance, also known as cyber liability insurance or cybersecurity insurance.

This coverage helps your EMS business recover from the financial impact of a cyberattack or data breach. It can help pay for data recovery, breach investigations, notification costs, legal defense costs, and even cyber extortion payments.

Because ambulance companies and EMS businesses often store protected health information (PHI) and personally identifiable information (PII), cyber insurance is an important safeguard. It can also help you stay compliant with state data breach laws if patient data is exposed or stolen.

The cost of your cyber insurance policy depends on factors such as how much sensitive data you manage, your cybersecurity controls, and your claims history. Practices that store large volumes of patient information or operate online patient portals typically need higher limits to ensure full protection.

EMS businesses and other medical small business owners pay an average of $212 per month, or $2,544 per year, for commercial auto insurance.

This coverage protects your practice if a company-owned vehicle is involved in an accident. It can pay for bodily injury or property damage claims, as well as legal fees if you’re sued. Many policies also cover vehicle theft, vandalism, and weather-related damage.

Most states require commercial auto insurance for business-owned vehicles. If you use personal, rented, or leased vehicles for work, consider hired and non-owned auto (HNOA) insurance to fill coverage gaps.

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.