Professional liability for healthcare schools, also called malpractice insurance, professional indemnity, or errors and omissions insurance, is vital to your business’s longevity should you, your employee, or your full practice be named in a malpractice lawsuit.
Even if you are not at fault, the out-of-pocket costs for legal defense is expensive. CM&F provides comprehensive malpractice liability insurance for healthcare schools that protects your business’s financial stability and reputation from the damages of lawsuits resulting from negligence, errors, or undelivered services. Additionally, CM&F’s malpractice insurance for healthcare schools also covers Legal Defense costs as well as the payment of any Court Award or Settlement.
In the interest of providing the most comprehensive coverage possible, CM&F’s malpractice liability insurance for healthcare schools fluctuates with the relevant laws that dictate scope of practice. Should the scope of practice for the insured change, your policy automatically includes those changes, so you never have to worry about a gap in patient care services covered.
Our commitment to protecting healthcare schools dates back 40 years. Our comprehensive program offers Professional Liability coverage starting at $13.00 per student and that includes your school, your faculty and your students.
Cyber Liability Insurance for Healthcare Schools
As the world becomes more and more technologically dependent each day, data breach insurance for healthcare schools is extremely important to protect your business and it’s reputation. Due to the costly repercussions of a cyber hack or patient data breach, over 60% of small to medium size practices are forced to go out of business. The cost of notifying patients averages $460 per individual, per hack – more than triple of what it costs for a retailer to notify their customers that a cyber security incident which has occurred. CM&F’s patient data theft insurance for healthcare schools is an optional coverage available to you whether you have a professional liability policy or not. Get a quote for cyber liability insurance protection.
Thousands of professionals have trusted us with their career, and it’s easy to see why. CM&F only partners with insurance carriers who carry the highest A.M. Best ratings in the market today!
Your “per occurrence,” sometimes written as “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).
“Occurrence” or “claims made” refers to the type of policy coverage you’d be purchasing. This affects when you are able to report a claim on your policy.
What is a claims made policy?
You are only able to report a claim on a claims made policy while the policy is active. For instance, if you let your policy expire, and then six months later a former patient brings a lawsuit against you for an incident which occurred during the policy period, a claims made policy would no longer cover that claim (unless you purchased an Extended Reporting Endorsement, or “Tail Coverage”).
What is an occurrence policy?
An occurrence policy covers you indefinitely for incidents that occur within the policy period, meaning you are covered for the time period during which you had the policy even if it is no longer active. It is essentially the same as a claims made policy with a built-in Tail.
If you apply for coverage online via CM&F’s secure Insured Access Portal, you can pay for and receive proof of coverage in just MINUTES! If you have the ability to pay with a credit card, we recommend applying for coverage online. Once you submit your application, you are emailed your coverage documents in minutes – No Delay, No Headache.
Your documents are also available for access 24/7 in your personal insured access portal account. Within the portal, all clients are able to download, print, or email their documents whenever needed.
If you are unable to purchase coverage online, please contact us for a paper application. We can accept applications through the mail or via fax. Please know, this can delay the receipt of your coverage documents by a few weeks due to processing and shipping time.
*Need help applying? Contact us for further instructions and assistance on accessing our Online Applications.
If you have an occurrence policy, you can simply purchase the CM&F professional liability insurance policy when the policy with your current insurance provider expires. When using our online application, you are able to select your coverage date at least 30 days in advance, so you don't have to worry about coming back to apply on the exact day.
If your current policy is a claims-made policy, it is best to discuss the transition options with a CM&F service professional. We will help to ensure there are no gaps in your liability insurance coverage.
You may add additional insured to your group liability policy at anytime. This can be done during the application process, as well as throughout the lifetime of the policy.