Comparing the Best Insurance for Physical Therapists

Choosing the right physical therapist insurance can be overwhelming, with countless options available and varying coverage details. Sorting through policy limits, rates, and terms can quickly become confusing, and constantly jumping between different providers doesn’t make it any easier.

Physical Therapy Insurance Comparisons

To simplify things, we’ve taken the hassle out of the process. We’ve compiled a comprehensive comparison of the leading insurance programs, laying out all the important details for you. You’ll be able to see exactly what each provider offers and how they compare, all in one place.

Table of Contents

*Employed
*Self-Employed Rate
Assistant Employed
Assistant Self-Employed
Student Rate
Professional Liability
General Liability
Personal & Advertising Injury
Occurrence Form
Additional Insured
Portable coverage
Telehealth Coverage
Identity Protection
Quote Process

	MYPT	HSPO	CM&F	Proliability
*Employed Rate	$169/YEAR	$202/YEAR	$212/YEAR	$175/YEAR
*Self-Employed Rate	$329/YEAR	$645/YEAR	$481/YEAR	$784/YEAR
Assistant Employed	$89/YEAR	$105/YEAR	$112/YEAR	$82/YEAR
Assistant Self-employed	$249/YEAR	$296/YEAR	$489/YEAR
Student Rate	$69	Varies by State*	Varies by State*	Varies by State*
Professional Liability	INCLUDED	INCLUDED	INCLUDED	INCLUDED
General Liability	INCLUDED	NOT INCLUDED	NOT INCLUDED	NOT INCLUDED
Personal & Advertising Injury	$1MM Aggregate	Additional Cost	Additional Cost	Not offered
Occurrence Form
Additional Insureds	$30 Unlimited	based on policy Premium	based on policy Premium	Price not listed
Portable Coverage
Telehealth Coverage
Identity Protection
Quote Process

Get Covered

Rates range from $89-$329 depending on profession

*Total cost is calculated based on the basic policy of professional Liability, general liability, personal injury & Advertising Injury, occurrence form, portable coverage, telehealth coverage and identity protection. Occurrence Form Coverage: preferred insurance coverage where a policy covers claims that arise out of damage or injury that took place during the policy period, regardless of when a claim is made. NOTE: The information in this comparison has been gathered from the websites of each organization and other third-party sources. No guarantee or assurance is made by MYPT as to the accuracy or completeness of this information. This information was confirmed in June 2024.

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MyPT Insurance

Pros:

Most Affordable options
Includes a wide range of modalities, covering over 500
Occurrence form coverage
Offers instant coverage upon checkout
Health, Dental, and Vision coverage access included
Easy Renewal Process

Cons:

Does not offer coverage outside of the United States.

MyPT Insurance provides affordable professional liability coverage specifically designed for physical therapists. It offers comprehensive protection for over 500 modalities. The application process is quick, allowing for instant coverage upon checkout, and includes access to health, dental, and vision insurance.

While MyPT Insurance excels in many areas, it does not offer coverage outside the United States. Overall, the easy renewal process and simple online experience enhance its appeal for physical therapists looking for reliable insurance.

MyPT Insurance Options

to Choose From

Employed PT Assistant

Rates for PT Assistants working for a company

$89/yr

Get Covered

Please select the Physical Therapist Assistant—Employed profession at checkout

Employed Physical Therapist

Rates for PTs working for a company

$169/yr

Get Covered

Self-Employed PT Assistant

Rates for PT Assistants working independently

$249/yr

Get Covered

Please select the Physical Therapist Assistant—Self-Employed profession at checkout

Self-Employed Physical Therapist

Rates for PTs working independently

$329/yr

Get Covered

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HPSO

Pros:

Provides coverage for 200+ different healthcare professions
Policies include other benefits like personal liability, license protection, and deposition representation
Offers both claims-made and occurrence policies
Portable policies

Cons:

If policy covers multiple professions, you will pay for whichever profession has the higher premium
Website is difficult to navigate

HPSO (Healthcare Providers Service Organization) provides professional liability coverage for healthcare professionals, protecting against malpractice claims and lawsuits. With over 40 years of experience, HPSO offers comprehensive coverage, including added benefits like license protection and deposition representation. They also offer up to 60% student discounts. However, covering multiple professions under one policy results in charges based on the highest premium.

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CM&F

Pros:

24/7 portable coverage
License defense coverage
Coverage for many different professions

Cons:

Slow communication efforts
Website is difficult to navigate
Difficult renewal process

CM&F offers professional liability insurance for healthcare professionals, including low-cost options for students. Their coverage includes license defense and 24/7 portable protection, ensuring professionals are covered wherever they work. However, some customers have reported issues with slow communication, website usability, and difficulties during the policy renewal process.

Proliability

Pros:

Offers both low-cost options and higher tiers of coverage
Covers a wide range of industries
Coverage available for needs like cyber insurance, identity theft, or workplace violence
Separate tailored liability coverage for teachers

Cons:

Difficult claim reporting process
Website is difficult to navigate
Renewal process is challenging

Proliability Insurance offers professional liability coverage for various professions. They provide customizable policies, including both claims-made and occurrence options. However, some customers report challenges with the claim reporting process, website navigation, and policy renewal.