Physical therapist professional liability insurance, also known as physical therapy malpractice insurance, provides PT providers with protection from patients or coworkers who claim their negligence at work caused an injury. This could be a wrong diagnosis, a sexual assault claim, an infraction of HIPAA privacy laws, or any claims of negligence. While many employers may offer coverage against malpractice related claims, the interests of the employee are viewed as secondary.
With individual PT liability insurance coverage, the monetary coverage and policy benefits are guaranteed for the policy owner’s sole use. Physical therapy malpractice insurance protects you from litigation expenses, as well as gives you a team of industry experts that fight for your personal assets, professional credentials, and financial future.
What types of PT malpractice insurance policies does CM&F offer?
There are two types of basic malpractice insurance policy options: Occurrence and Claims-Made. CM&F offers occurrence malpractice insurance for PTs, in addition to claims-made policies. An occurrence policy means that if a claim is made against a physical therapist regarding a past incident that occurred during a time they were previously covered under CM&F liability insurance, that claim will be covered by CM&F even if the physical therapist has since ended their liability coverage. Since most malpractice claims are made 18-24 months after an incident occurs, this type of protection is very important. Claims-made insurance policies only protect professionals if they have insurance at the time of the claim. With occurrence policy insurance, there is no need for physical therapists to renew or buy tail coverage should they choose to leave CM&F or retire.
CM&F physical therapy malpractice insurance for PT professionals is portable, which means as the physical therapist moves, so does the coverage. CM&F’s malpractice insurance is attached to the individual PT, not their place of work. Not having your own, portable coverage separate from your employer’s shared policy limits your protection to duties performed for that sole practice. For physical therapists who moonlight, work at multiple places, or have private clients, a portable malpractice insurance plan is a must – and with CM&F, only one policy is required to cover the individual at any amount of workplaces.
CM&F was founded over a century ago. Through up and down markets, CM&F’s dedication to physical therapists has never wavered. CM&F remains committed to making it easy and cost-effective to secure vital professional coverage with: