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Essential coverages for physical therapists
When you also have equipment or operate from a practice
All Basic plan benefits and:
Get covered against errors resulting in bodily injury
All Standard plan benefits and:
Working as a Physical Therapist means dealing with others’ safety every single day. Because of this, it is important to ensure you and your career are safeguarded by appropriate insurance coverage.
When your patient files a lawsuit against your practice, you need to make sure that you're covered. General Liability protects physical therapists from common lawsuits arising from their day-to-day activities. This physical therapist insurance will pay for the legal expenses and fees should you get sued for malpractice or other liabilities.
Having a commercial vehicle for your business comes with risks and Commercial Auto insurance protects your car against all these, from collision to theft. It covers a wide variety of events that could damage your car including vandalism, fire, and natural events. The insurance will give physical therapists peace of mind when driving to and from clients.
Practicing Physical Therapy can put a lot of stress on you and your employees, and Workers' Compensation can help pay for medical needs in case of injuries while on the job, as well as cover lost wages and prevent an employee from suing. The requirements vary by state.
Whether you are self-employed or employed by a fitness center, school or clinic, the best way to protect yourself against allegations or claims is your own Professional Liability insurance policy. More likely than not, your employer already offers you some insurance coverage. However, there are many instances in which these coverages will not leave you fully protected.
Umbrella Liability adds extra liability insurance to your existing physical therapy professional liability insurance. It is designed to protect physical therapists from major claims and lawsuits by providing additional liability coverage above the limits of your insurance.
As a physical therapist, you have committed your life to help people recover from injuries and disabilities in order to reach their full potential. However, even despite the best intentions for the fitness and wellness of your clients, you are still at risk for lawsuits.
Physical therapists can face many liability risks in the field. Whether it’s accusations of negligence, sexual misconduct, or injury, practicing physical therapists can easily be caught in litigation. Unfortunately, no matter how carefully you do your job, the very nature of your work is risky. Even long-term trusted clients can end up filing a claim against you if they don’t achieve the kinds of results they were hoping for.
As a Physical Therapist, encountering a lawsuit can potentially cost you tens of thousands of dollars just to defend yourself; this does not include the settlement costs accrued if you end up losing. Making sure that you are covered by the right insurance is a way for you to avoid jeopardizing your finances and the future of your career.
Any profession that deals with other people comes with its share of risks. However, these risks are increased in the healthcare field. No matter how many years you studied or how many years you have been working, you are only human and mistakes can still occur.
The amount of Professional Liability claims brought against Physical Therapists is considerable. This is partially due to the varying methodologies from state to state which makes it hard to define sweeping standards for Physical Therapists.
As a Physical Therapist, your profession is based on manipulating the human body. In recent years, the demand for Physical Therapy services has begun to grow as the general population grows older. In this line of work, even your best efforts and intentions could potentially result in limited or even no progress by your patients. In some cases, you may even risk exacerbating existing conditions or inadvertently causing new injuries.
Malpractice allegations against physical care providers are no longer only based on errors or mistakes in treatments. Today, these lawsuits can stem merely from how a patient or client feels they were treated—or mistreated—by you or your facility.
Your employer may have physical therapy Professional Liability insurance for you but this isn't enough. For instance, the policy limits of your employer may not be high enough to protect you, or the coverage won't likely extend outside the workspace, like volunteering or self-employed activities. These gaps in your employer's malpractice insurance put a huge dent in your financial obligations.
Yes. Since you deal with a person's physical well-being most of the time, a small injury could lead to a lawsuit that could lead to heavy payouts for your client. Physical therapists are at risk of a potential malpractice suit. That is why you need a physical therapy Malpractice Insurance to ensure full protection to your practice.
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