Looking to know why you should have professional liability insurance, or what it covers? See the below FAQs or Contact Us at 1.800.221.4904 to Discuss Your Options.
Also known as “Medical Malpractice” insurance, professional liability insurance protects medical professionals from liability associated with wrongful acts resulting in bodily injury, medical expenses and property damage. We offer individual insurance to professionals in the following categories:
Purchasing your own individual personal liability protection ensures you have the coverage you need. Many employers insurance programs do not provide superior coverage, have specific exclusions, do not provide legal defense, restrict the rights to fight a lawsuit and will not protect you outside your employment. The only way to protect your career is to purchase your own individual personal liability protection.
Absolutely not. In fact your insurance status is not discovered until you have been named in a lawsuit. At that point you are ALWAYS better off having your own individual liability protection to defend you against any allegations.
Yes almost all medical professionals are required by law to carry some level of liability insurance protection. Practicing medicine without professional liability insurance is like driving a car without auto insurance. Looking for clinic or group coverage options? View the list of groups eligible to apply for a CM&F liability insurance policy.
Don’t know where to start or what you even need? See the below FAQs or Contact Us at 1.800.221.4904 to Discuss Your Options.
An Occurrence policy covers a loss that occurs during the policy period regardless of when that claim was made. A Claims-Made policy requires the claim be made or reported while the policy is in force or during the extended reporting period (Tail). Both an Occurrence policy and Claims-Made policy have their strengths. In general, most lower premium paying medical professionals carry Occurrence coverage whereas most higher premium paying medical professionals have the option to purchase Claims-Made which can be less money during the initial years.
Our insurance plans are extremely flexible. We offer full time, part time and moonlighting policies for almost all professionals.
Tail coverage is only applicable when a Claims-Made policy cancels or terminates. If you have an Occurrence policy you DO NOT NEED TAIL COVERAGE. The Tail is an insurance industry term for “Extended Reporting Period Endorsement”. The Tail allows the insured to report claims that occurred during the claims-made policy term but were not made until after it was cancelled or terminated. Since most malpractice claims are made 18 – 24 months after the incident it is important you purchase Tail coverage if your claims-made policy cancels or terminates. This can be a complicated subject for non-insurance professionals so please contact a service professional with ANY questions.
The liability limits depend on a number of factors and is a very personal decision. Though we offer policy limits up to $2,000,000 per claim, we typically recommend that liability protection of $1,000,000. With that said, we understand the many factors that impact this choice, including cost and state regulations. Call our team to discuss your options.
Your “Per Occurrence,” or “Per Claim,” limit refers to the total amount the insurance company will pay per incident during the policy term. Your “Aggregate” limit is the total amount the insurance company will pay for multiple claims over the course of one policy term (which is often one year).
Is your job status changing? See the below FAQs or Contact Us at 1.800.221.4904 to Discuss Your Options.
There are very few restrictions on workplaces. If you are licensed, certified or trained to perform your services we have very few workplaces which are restricted from coverage. If you have a question contact our service professionals.
It depends. Generally speaking, if you move from one job to another within the same scope of practice the premiums should be relatively similar. If, however you change state or increase your risk of services, there may be a change in premium.
Most employers do provide some level of malpractice insurance for their employees. The only way to know for certain is to ask for a certificate of insurance every year to confirm that you are a “named insured.” Millions of medical professionals purchase personal professional liability insurance, also known as medical malpractice insurance, protection in addition to what their employer provides. Coverage that is portable from job to job, protects your license, your personal assets and financial future is ALWAYS the best option. CM&F offers both individual liability insurance and group liability insurance.
Still a student? Starting your own business? We have options that cover just about any situation. See the below FAQs or Contact Us at 1.800.221.4904 to Discuss Your Options.
We always recommend liability protection until full retirement.
Need to submit a claim? Want to know more about what you can be sued for? See the below FAQs.
Simple. Email us and report the incident. We ask that you include any documentation you have received relating to the claim / incident. That information is then reported to our insurance carrier immediately for review. At that point a claims adjuster will contact our client directly to coordinate next steps.
CM&F fights very hard for our clients and will never automatically non-renew because of a claim or disciplinary action. Every situation is reviewed individually and the decision is made based on the merits of that specific situation.
The minute you are served with a lawsuit or notified of a claim contact CM&F directly to report it. Please include any information relating to the claim so our team can coordinate the response as quickly as possible.
Any number of incidents can result in a disciplinary action. The important thing to remember is our policy provides $25,000 in legal defense costs. Do not hire a personal attorney or seek outside counsel. Report the incident to our team immediately so we can report the issue to the insurance carrier.
Having issues with your account? See the below FAQs or Contact Us at 1.800.221.4904 to Discuss Your Options.
Our individuals can renew online in minutes. Groups and Schools must send in a renewal application prior to expiration.
You can either apply online or download your application and mail or fax it to our offices. Below are the turn around times for each method:
If you have the ability to pay with a VISA or MasterCard, we recommend applying for coverage online.
The process usually takes less than 10 minutes to complete and once you submit your application, you are emailed your coverage documents in minutes–No Delay, No Headache.
If you can’t complete the online application but need your documents right away, you can always fax your application to the number above and include a note directly on the application requesting that we mail or fax your documents as soon as we process.
Looking for policy information specific to CM&F? See the below FAQs or Contact Us at 1.800.221.4904 to Discuss Your Options.
Are your plans flexible and customizable to the coverage options I need?
If you have an Occurrence policy you can simply purchase the CM&F policy when the existing policy expires. Claims-Made policies should be discussed with a CM&F service professional to ensure there are no gaps.
Millions of medical professionals do not trust their employer’s insurance and purchase individual liability protection. An employer’s insurance policy inherently looks out for the employer and not the employee. A policy with CM&F is designed to protect our clients and gives them the power and protection they need if a claim is made.