With an average savings of up to 50% annually, CM&F has the best-priced physical therapy malpractice insurance coverage that is more comprehensive than other options on the market from our competitors.
Not only do we have the highest-rated policies, easy-to-use technology and an exceptional customer service team, but we’ve been protecting healthcare professionals with malpractice insurance since 1947.
Estimated Premium Based On 5 Employed Therapists
Unlike many insurance carriers, which include the legal costs inside the per claim limit, CM&F pays all legal fees in addition to the indemnity payment.
Most liability and malpractice insurance policies DO NOT require the insured’s consent to settle in a suit. Not only does CM&F require the insured’s consent, but CM&F will pay defense costs to fight the claim, as well as pay the full claim regardless of the outcome.
Most malpractice insurance policies offer only $25k towards claims of sexual misconduct. Recognizing the hands-on nature of PT services, CM&F offers up to $1,000,000 in defense coverage for any sexual misconduct claims directed at our PT clients.
Professional liability insurance for physical therapists is vital to having peace of mind while performing day-to-day responsibilities. Individual PT liability insurance puts your interests first, protecting your personal assets, license and reputation should you ever be named in a lawsuit.
Be protected in the event of a lawsuit arising from patient data theft. The costs associated with an unforeseen cyber incident causing HIPAA violations and data security breaches can be damaging to business owners and professionals. It is imperative that all professionals have some kind of protection to avoid becoming the target of an attack.
Many insurance carriers include the legal costs inside the per claim Limit. For example if you have $1,000,000 Per Claim Coverage and the claim settles for $1,000,000 the client would have to pay the legal costs associated with the claim since they are not paid “In Addition To the Policy Limit”. Legal costs can run into the hundreds of thousands of dollars in certain cases. The CM&F policy will pay all legal fees in addition to the indemnity payment. In the example above the CM&F policy would pay the full amount.
Most liability and malpractice insurance policies DO NOT ALLOW the client to fight a claim if they feel they are not at fault. Instead most insurance companies have what is called a “Hammer Clause”. The “Hammer Clause” allows the client to force the insurance defense to move on with the one stipulation. If the claim ultimately pays more than what the insurance company had asked you to settle for the difference is paid by the client. For example, a claim settlement is offered at $100,000 to the Physical Therapists and their insurance company. The PT did nothing wrong and argues to fight the claim in court. If the insurance company has a “Hammer Clause” that PT would have to pay the difference between the ultimate award and the $100,000. This could be many tens or hundreds of thousands of dollars. The CM&F insurance policy will fight on and pay the full claim regardless if the client chooses not to settle.
The CM&F insurance policy offers up to $1,000,000 in defense coverage for any sexual misconduct claims. Legal fees are EXTREMELY expensive in today’s world. Most companies only offer $25,000 in legal / defense costs. How far will that get you if you are falsely alleged to touch a client inappropriately? CM&F wants to protect their clients to the maximum amount.
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.
It is easy. Our applications are now available online and take not much longer than 5 minutes to apply and checkout with coverage.