Professional liability insurance for physical therapy groups, 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 the negligence claim is untrue, the out-of-pocket costs for legal defense is expensive. CM&F provides comprehensive physical therapy practice malpractice insurance that protects your business’s reputation and financial stability from the damages of lawsuits resulting from negligence, errors, or undelivered services. Additionally, CM&F’s professional liability insurance for PT clinics 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 physical therapy group malpractice insurance 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.
All CM&F malpractice insurance for PT clinics policies include workplace liability insurance to provide coverage for claims of bodily injury or property damage brought by patients. Additional general liability coverage is available as an add-on in the application process.
Physical Therapy Group General Liability
General liability insurance is critical to protecting all businesses. CM&F’s general liability insurance for PT clinics provides coverage for claims of property damage as well as bodily injury that occurs in the facility where services are provided. Additional claims covered by general liability insurance include wrongful eviction, libel, false arrest, advertising injury, as well as malicious prosecution.
General liability insurance for physical therapy groups is available as an add on to your professional liability insurance policy. Also, landlords & equipment lessors coverage can be added to your general liability insurance policy at no extra cost.
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.
Yes, we cover self-employed healthcare professionals. If you are self-employed and employ more than just yourself, please proceed with the group application on this page. If however you do not have any employees, you may apply for individual professional liability insurance coverage – be sure to select “Self Employed” when choosing your employment status.
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.