Cost of malpractice insurance for physical therapists

Table of Contents Show

Get Affordable Liability Insurance Now
Self-Employed
Call our licensed insurance agents now 8009903127
Professional liability insurance designed to fit your needs
One Policy Covers Multiple Disciplines
Coverage Details
Who pays most for malpractice insurance?
What is claims made vs occurrence?

Professional and General Liability Insurance for PTs

Instant Coverage
Immediate Certificate
Industry Preferred Coverage
One Policy, Multiple Modalities
Portable Coverage

Get Affordable Liability Insurance Now

Instant Coverage
Immediate Certificate of Insurance
Preferred Industry Coverage

Employed

Rates for PTs working for a company

$149/yr

Self-Employed

Rates for PTs working independently

$297/yr

Call our licensed insurance agents now 8009903127

Professional liability insurance designed to fit your needs

Physical Therapy is a hands-on profession, which can lead to claims against you as the provider of care even if you work for a company. With My PT Insurance, you can rest easy, knowing you are covered if the unfortunate happens.

Coverage in less than 3 minutes

Proof of Insurance & certificate delivered instantly

Industry-preferred Occurrence Form Coverage

Take your coverage with you to all 50 states

One Policy Covers Multiple Disciplines

Teach yoga or a fitness class on the side? We have you covered. Your policy for Physical Therapy also covers everything on our list of modalities. You don’t pay additional fees or charges for adding modalities.

Personal Training
Fitness Training
Weight Lifting
One on one training

Yoga
Pilates
Zumba
Other Group Fitness

Massage
Beauty
Cosmetology
See all 400+

Coverage Details

Our policy and the limits have been created specifically for Physical Therapists. Call our Licensed Insurance Agents at 8009903127

$1 million per occurrence $3 million per year

Protects you in the event you are sued for claims against you during the services you provide.

$1 million per occurrence$3 million per year

Protects you in the event you are sued for general claims against you that happen in the facilities you rent or own.

$1 million per occurrence$3 million per year

Protects you in the event you are sued for claims against you that result from a product you use during a session.

Identity Protection: $25,000

Rental Damage: $100,000

Stolen Equipment: $1,000

Limits — up to $1/3M

The main feature of the policy that covers you up to the limits on your declarations page that you become legally obligated to pay as a result of a professional liability claim arising out of a covered incident. Limits vary by profession up to $1 million per occurrence/$3 million aggregate. When you complete a quote, the available limits based on your profession and state will be provided.
Legal Representation — Legal fees paid in addition to the liability limits

The policy includes legal representation for covered incidents. This means you have an attorney assigned to you to represent your interests – not the interests of others such as your employer. The legal fees and expenses are in addition to your professional liability policy limits, which is a key benefit to you as this means legal fees and expenses do not erode your liability limits.
HIPAA Coverage — $25,000

Pays up to $25,000 for HIPAA fines, penalties and notification costs.
Licensing Board Reimbursement — $10,000 per incident/$25,000 per policy period

Covers up to $10,000 per incident/$25,000 per policy period for attorney fees or other expenses or fees from an investigation or proceedings from an entity responsible for regulating your profession. In most regulated professions, anyone can file a complaint against you such as your patient, patient’s family, your employer or coworker. If you’re employed, your employer may not reimburse you for investigations or proceedings.
Deposition Expense — $10,000 per policy period

Covers up to $10,000 aggregate for all reasonable fees, costs and expenses to represent you at a deposition which you are required to attend.
Wage Loss and Expense — $500 per day/$10,000 per incident/$25,000 policy period

Covers for lost wages, costs and expenses for your required attendance at a trial, hearing or arbitration proceeding as a defendant in a covered claim.
First Aid Reimbursement — $10,000 per policy period

Covers up to $10,000 per policy for all medical related expenses for rendering first aid to others due to bodily injury.
Medical Payments — $5,000 per person/$100,000 all persons

Covers up to $5,000 per person, up to $100,000 all persons for medical expenses incurred by others due to a bodily injury caused by an occurrence during the policy period.
Damage to Property of Others — $10,000

Covers up to $10,000 for damage to property of others caused by you during the policy period.
First Party Assault Coverage — $10,000/$25,000 policy period

Covers up to $10,000 per incident and $25,000 per policy period for medical expenses or repair or replacement of personal property due to an assault at your workplace premises.
Occurrence Policy Form

Covers incidents that happen during your policy period regardless of when the claims are reported. All of the allied health and nursing policies through Liberty Insurance Underwriters are on occurrence policy forms.
Sexual Abuse/Molestation Coverage - $25,000 sub-limit

Provides up to $25,000 for indemnity.
Portable Coverage — Follows You 24/7

When you apply for individual coverage, the policy covers you for your professional services, including on and off the job, moonlighting and volunteering.
Optional Coverage Features
- Consulting and Educational Services Endorsement
- General Liability Insurance
- Additional Insured Endorsement

Who pays most for malpractice insurance?

Therefore, doctors in specialties that are considered higher risk pay more for their malpractice insurance. Typically, surgeons, anesthesiologists and OB/GYN physicians are charged higher premiums.

What is claims made vs occurrence?

An occurrence policy has lifetime coverage for the incidents that occur during a policy period, regardless of when the claim is reported. A claims-made policy only covers incidents that happen and are reported within the policy's timeframe, unless a “tail” is purchased.