/ BLOG

What is Physical Therapist Liability Insurance

May 8, 2019 · 7 minutes to read

By the year 2026, the United States Bureau of Labor predicts there will be more than 300,000 Physical Therapists working in the U.S. (April 2018). That represents more than a 28% increase in the Physical Therapy industry over the course of one decade. So if you are considering becoming a Physical Therapist then you may be on your way to a very successful professional future.

In the process of becoming a licensed Physical Therapist, you will learn a lot about treating patients that are managing chronic illness and accidental injuries.  The use of ice/heat, manual manipulation, traction, exercise, and other therapeutic treatments will be the staple of your daily practice.

Most days you will be helping your patients experience relief from pain and progress in their physical healing. However, there is always the chance a day will come when a patient accuses you of making a mistake that causes them harm. In this case, you may find yourself subject extra, unplanned expenses. Do you have money readily available to cover unforeseen costs such as attorney fees, missed work, court costs, and possibly a large lawsuit settlement?

If not, Liability Insurance is what you will need to safeguard yourself and your Physical Therapy practice. Let’s take a look at what Physical Therapy Liability Insurance is and what it will do for you!

General Liability Insurance Physical Therapists

General Liability Insurance is the basis of all varieties of liability insurance. This type of liability coverage is commonly known as “slip and fall” insurance. It is meant to protect you from general claims of Property Damage or Physical (Bodily) Injury that happens in the physical therapy facility where you work.

General Liability claims can be very broad, and the coverage insures against a wide variety of incidents such as:

  • Expenses resulting from a patient’s accidental physical injury occurring at the facility where you work
  • Unintentional damage of someone else’s belongings while at the facility where you work
  • Allegations of slander, libel, assault and battery, and sexual misconduct

Keep in mind, General Liability does not cover you for employee injuries, professional liability, intentional acts, or claims not related to your Physical Therapy job. However, it will payout for other General Liability claims up to the maximum liability limit defined by the policy.

Learn more about Physical Therapist General Liability Insurance.

Professional Liability (Malpractice) Insurance for Physical Therapists

Professional Liability (Malpractice) Insurance is used by health care professionals to protect them from allegations of negligence and incompetence. Many States require Physical Therapists to purchase and maintain Malpractice Insurance before they begin treating patients.

No matter what your State requires, it is always best to secure a Malpractice plan that can help you pay all the bills stemming from a Malpractice lawsuit. Think about it: one unhappy patient can create a storm of financial burdens caused by legal fees, missed work, and potential payouts to the affected person.

Professional Liability (Malpractice) Insurance for Physical Therapists typically can be defined by one of the following classifications:

  • Improper behavior by practitioner (general)
  • Incorrect use of Physical Therapy equipment, manual therapy, therapeutic exercise, or biophysical agent
  • Unsuitable management over the course of patient’s treatment
  • Failure to adequately supervise or monitor a patient’s care
  • Created a poor environment of care
  • Failure to properly treat a patient

Important Details about Liability Insurance

Purchasing proper Liability Insurance is as important to Physical Therapists as education and licensing. It is vital whether you are a clinic owner, working for a hospital or rehabilitation center. Purchasing your own Liability Insurance will guarantee you have enough coverage to protect yourself no matter the circumstances.

Even if you are currently covered under your employer’s General and Malpractice Liability Insurance plans, the liability limits for employees is normally low and there are typically limitations on what the employer policies will cover. Plus, an employer plan is not portable so if you take a second job, volunteer your services, or resign from your current employer, you will be without coverage and exposed to risk.

To get a better understanding of what you are buying, please take a look at all the basic features of Liability Insurance.

What Are Liability Limits?

All insurance has defined limits of liability which is the maximum amount of money the insurance company will pay for your claim. There are two different liability limits included in each Liability policy: aggregate and per occurrence.

  • Aggregate Liability Limits: The total cost of all claims filed under your liability insurance is the aggregate. The aggregate liability limit is the maximum amount of money the insurance company will pay for all claims. You will be responsible for any costs that exceed the liability limit.
  • Per Occurrence Liability Limits: Each time you file a claim against your liability insurance this limit is the maximum amount the insurance company will pay for that specific claim. Any costs that surpass the liability limit will be your responsibility.

Claims-Made vs. Occurrence Policies

Before accepting your new liability insurance plan, be sure you understand whether your policy is written as a Claims-Made or Occurrence policy.

  • A Claims-Made policy covers you only for claims filed while your liability coverage remains effective. Any liability lawsuits filed outside of the policy term will NOT be covered.
  • An Occurrence policy allows you to file a claim even if the policy is no longer active. As long as the liability coverage was in force during the time of the alleged wrongdoing, the insurance carrier will handle your claim as if the policy were still effective today.

Recommended reading: Occurrence vs Claims-Made Policies

Deductibles

General Liability Insurance does not usually have a deductible amount that needs to be met. On the other hand, Professional (Malpractice) Liability Insurance usually has a $1,000 deductible amount. The deductible works the same as your auto and health insurance.

If you have a Malpractice claim, then you will need to first meet your deductible amount. If your Liability Insurance has a “per claim deductible” it will require you to meet the deductible for each claim filed. This is critical to know especially if one event results in multiple lawsuits or numerous plaintiffs. In that sort of situation, you would pay one deductible for each plaintiff suing you.

Be sure to read through your Liability Insurance plans before purchasing so you understand your particular coverage amounts. Remember, any costs that go beyond what the policy covers will become your personal responsibility. So you want to be sure you have the maximum coverage possible.

How Much Does Liability Insurance Cost?

To make life a lot easier, it is recommended you purchase a Miscellaneous Medical Liability package which includes Malpractice and General Liability Insurance, as well as Cyber Liability Insurance. In this case, you’ll have all the necessary insurance in place while only managing one premium and one policy.

Liability Insurance premiums vary depending on each insured’s unique information. The geographic location, years of professional experience, the industry’s level of risk, and many other factors will influence your final premium amount. However, you can bet the cost will be a lot less than paying out-of-pocket for a Malpractice or General Liability lawsuit.

On average, Liability Insurance for one Physical Therapist may cost around $600 per year. As you can see from these examples, premium amounts break down to as little as $1.64 per day. That’s a very low cost for protection with $1 Million dollars limit!

Conclusion

Assisting patients in achieving their optimum physical fitness level is what gets you out of bed each morning. Having General Liability and Professional (Malpractice) Insurance will ensure you sleep peacefully each night. Hopefully, you will never have to use the coverage but knowing it is available to you just in case is an investment you will not regret.

You’ve already spent thousands of dollars and hundreds of hours becoming a licensed Physical Therapist, so what’s a few dollars per day to protect yourself from liability lawsuits?

Find out more about Physical Therapist Liability Insurance options and pricing.


Reference List:
U.S. Bureau of Labor Statistics (April 13, 2018), [Online] Available from: https://www.bls.gov/ooh/healthcare/physical-therapists.htm

Get Free Online Quotes and get coverage instantly

The coverage you need for your business.

Business insurance is divided into different policies. We offer 4 types so it's easy to design the coverage that fits your business.

Professional Liability Insurance

Get a quote

General Liability Insurance

Get a quote

Business Owner’s Policy (BOP)

Get a quote

Workers Compensation Insurance

Get a quote

Let's find

The coverage you need for your business

Professional Liability Insurance

Get a quote

General Liability Insurance

Get a quote

Business Owner’s Policy (BOP)

Get a quote

Workers Compensation Insurance

Get a quote

I have been shopping for business liability insurance for several months. I am happy to share that BizInsure ranked #1! The representatives were polite, patient, and empathetic. They accomplished what most companies struggle with achieving: they did what they said they were going to do, they were on time, and they had empathy. They delivered a policy for 25% less than the closest competetor, and even included $50k of cyber security at no additional cost! I only write reviews when I receive exceptional experiences- highly revommended; keep up the great service BizInsure!P.S. I own a professional referral service in Hawai'i and I am going to see if BizInsure offers an affiliate program.Aloha!
John S.
05:51 23 Nov 22
They respond quickly and give you quotes immediately ...
Regean K.
23:55 09 Nov 22
The agent that I spoke to was very experienced and could tell that I was new at this and was very understanding and took the time to explain everything to me.
lotanga J.
00:04 15 Oct 22
Easy to work with and very responsive. Glad to have them as my broker.
Edward G.
18:54 13 Sep 22
We’re very happy with BiInsured LLC. VERY AFFORDABLE
Paul A. F.
19:20 11 Sep 22
Jasmine Q was on the spot professional, she knew where to direct me and explain to me my concerns and request; she delivered my personal information within minutes of me asking policy questions.That young lady is a true ROCK STAT!!!
Shaka 3 Z.
23:09 15 Aug 22
For a small non-profit, the package I was given was affordable. The representative was polite, patient, understanding, and knowledgeable.
Gertrude R.
18:06 15 Aug 22
Asked for a specific venue to be place on our certificate of insurance and it was done within one business day. Yay! Bizinsure!
Melinda S.
17:02 01 Aug 22
The process was fast and easy and the professional staff was very knowledgeable with any questions that I had and ready to help
VALERIE M.
06:40 31 Mar 22
Friendly agents. Timely replies. Fair pricing. This is a good fit for my business! Thank you, Noah, for all your help.
Beth Anne V.
19:27 28 Mar 22
They are awesome
Tony H.
00:41 07 Jan 22
Noa made sure I had all the information I needed for a first time business owner . He helped me understand what I needed to secure a quality policy and he was super helpful when explaining how the policy would serve its purpose to my company. I was very satisfied and had an Awesome experience, I think people like that make the company look good!
Wayleen O.
04:36 15 Oct 21
I was in need of WC, GL and PL coverages for my business and was able to shop, discuss, confirm and purchase all the coverages in two days! This was a great experience, especially when "Time is Money". Noah Bowman was very professional and knowledgeable. Thanks!
AmeriCreed 1.
15:42 23 Sep 21
MOVING FORWARD, I WILL BE SENDING ALL OF MY BUSINESS TO THIS COMPANY !!!! Incredible customer service!!! Thanks
THEODORE W.
19:49 09 Sep 21
Their representative clearly explained different kinds of policies to help me select the one appropriate for my needs and then helped me enroll by phone painlessly. By the end of the call, I had a policy in place.
Dissent D.
22:21 02 Sep 21
Eugene was Awesome!!!!
Lakesha G
17:19 21 Jul 21
Excellent solution for writers and authors professional liability policy as well as coverage for copyright and trademark infringement. Service was prompt and excellent.
Lane
18:22 22 Jun 21
Done in less than an hour!
William O.
00:30 02 Jun 21
Efficient, and great value. The agent was able to give us a quote and a new policy in a short period of time. Thank you
Brenda J.
20:30 24 May 21
I had a great experiencing obtaining several of my insurance needs as a landscaping company here in Northern Colorado. BizInsure's team took care of my needs and was very responsive to help with paperwork needed to secure a potential client account!
Arik S.
16:34 10 May 21
Very efficient they were able to help me out with my request promptly....highly recommend this companyI am very happy to have them
Elba P.
18:50 26 Apr 21
I need a help getting errors and omissions insurance along with general liability. Jose was very friendly informative and was very patient with me during the process. He found me some of the best rates for the coverage that I needed. Highly recommend
Casper M.
19:51 20 Apr 21
I had numerous conversations with several business insurance agents over a month's time. I also had several conversations confirming the policy inclusion/exclusions and asked many questions. My BizInsure agent was professional, knowledgeable and most important—detail oriented. Even after having an initial conversation a month earlier he knew and *remembered* all my personal/professional insurance needs. When I asked for additional information on the third call he was able to provide me with details very quickly. He was also VERY patient. That is a big plus in my opinion. It illustrated a high level of respect for my needs. I also found when I called back and asked to talk with the initial agent, the person who answered the call was able to get in contact quickly and my agent responded and returned the call within 5-10 minutes. The transaction was smooth, and I think it's a good sign should I ever need to make a claim. I highly recommend BizInsure.
Poetic F.
21:00 07 Apr 21
The rep was extremely helpful actually lowered my quote and made sure I was covered to fit my needs with my growing business! 5star!!
Franklin B.
19:04 16 Mar 21
Excellent service and prices.
Cassiopée V L.
23:13 09 Mar 21
Mr. Daniel Scott was very responsive to my professional needs.
Stephanie W.
17:38 18 Feb 21
Eugene deserves a raise! First time purchasing insurance and he made the process so simple for me. His patience and attention to detail left me feeling confident in my decision to choose BizInsure. Gracias Eugene!
Esined P.
23:32 17 Feb 21
The customer service provided by Jose was outstanding. He explained everything in a very clear/logical way and answered all of my questions. After providing all the information to obtain general liability insurance, Jose sent me the declaration page of the insurance for review. All of the information matched what I provided over the phone and there were no typos. The next day I called back to purchase the insurance which was easy and fast. Overall, my experience with BizInsure including the customer service by Jose exceeded my expectations.
Joe W.
03:29 12 Dec 20
Hiscox/BizInsure made getting Liability Insurance very easy and reasonable.I expected it to be a long and complicated process and it was a nice surprise that they made it so uncomplicated. Thank you. Lisa
Lisa W.
21:51 24 Nov 20
Eugene was incredible. I called 4 other brokers before him who were impossible to get any help.
rhonda H.
23:26 12 Nov 20
Very quick to get in touch with you and good with follow up. Had some trouble retrieving my quote to log into my account initially but Daniel assisted me and the changes were made to get me into my account. Great value for the money.
Fran S.
16:34 20 Sep 20
Very happy to be insured with this company. Professional, Timely, very helpful. Thank you Juan, you made it so much easier for me to understand.
Aileen D.
19:55 15 Sep 20
This company responded when I needed them to respond while facing a deadline. They are an excellent choice for business Insurance.
Michele H.
01:52 12 Sep 20
Jose Quintero took such great care of me and was very patient explained everything I did not understand and got me set up quickly. Fabulous customer service
Christina R.
02:41 27 Aug 20
I can't say enough good things about Daniel Santos kind and effective communication skills as an insurance agent. Daniel was so pleasant, friendly and efficient with helping me obtain insurance as a teacher. If I were to give Daniel a grade, he has earned an At . He made the process easy to understand, it was far easier than what I anticipated. Nancy S.
Nancy S.
00:47 26 Aug 20
I was in need of professional liability insurance for my sole proprietorship. A friend referred me. Everythng was quick and simple and AFFORDABLE!
hope J.
20:31 25 Aug 20
If you need Private Home Care Provider insurance for your company, BizInsure, LLC can get it for you!
Pamela C.
16:45 24 Aug 20
Great and fast service!!!! The representative was very professional!!!!
Tanya S.
19:51 14 Jul 20
I was tryi9ng to find commercial liability insurance for my new comp-any and BizInsure was easy to use and very affordable which is great for me as a new business.
Jimmy S.
19:01 14 Jul 20
Great service insurance prices are great for professionals looking to get insurance for businesses....
Rhonda G.
22:34 22 Jun 20
The provided very professional service and made the process easy.
Paul R.
21:51 04 Jun 20
Bradley Hoyle from the Biz Insure team was excellent to work with. Everything was quick and smooth. Great service, much appreciated!
Kristene S.
02:03 04 Jun 20
Anthony Spencer was great!! Very quick response time!! He was very Professional! I would suggest him because he helped me find a affordable rate and explained all the technicalities..
Fre H.
16:38 28 May 20
I was referred to Bizinsure by a industry trade group that I am a member of. It was easy to get a quote online and then received excellent customer service from Bradley H. to complete my policy purchase over the phone. I have shared this company information now with other business owners for their policy needs.
Dawn T.
22:11 08 May 20
This company was very precise with explaining services and made sure I chose the right business insurance coverage, great customer service at purchasing.
Nekeisha B.
01:30 05 May 20
Amazing
Jasmine Q
14:31 02 Dec 19
Trish is the most patient, professional and understanding insurance agent I’ve ever worked with. Trish has taken care of all my business insurance needs for the last couple years. I am really happy that I found an insurance agent that I know will take care of me & all of my concerns. I feel like a valued customer & I appreciate the great customer service that I get every time!!THANK YOU!
Dr. Youssef C. A.
17:21 14 Nov 18
Tricia helped me get insurance for my business. The task of obtaining a quote was really starting to frustrate me until I was referred to BizInsure through a different agency. Tricia got me a quote fast, and even took a down payment over the phone and issued the proof of insurance the same day. a+ service, would do it again in a heartbeat!! Thank you!!
Josh M.
18:07 22 Jun 18
BizInsure was a great find! I did not have to fill out applications, and Tricia was able to quote and bind business insurance for me within half an hour.
Allison Y.
17:28 21 Jun 18
Started doing business again and needed a policy fast. Ramez was reasonable, helpful and the rates are OK. Buyer beware? Sure, for me it turned out OK this time. Worth a call.
Mark W.
23:42 13 Nov 17
Great customer service. I've been very inpressed with my dedicated representative that had helped me navegate my insurence needs. Thanks so much!
Graham B.
22:12 23 Jun 17
js_loader

Popular Searches

Google Rating
4.5
Based on 79 reviews
×
js_loader