Frequently asked questions about applying for professional liability coverage
Applying for professional liability insurance is easier than you may think. If you have questions about how to apply for coverage, how soon your coverage will begin, or who is eligible for coverage, this section will help you find the answers.
How quickly can coverage begin?
Do you have a discount for new graduates? If so, am I eligible?
The application asks whether I am employed or self-employed. How do I determine that?
Am I eligible for the part-time discount? If I apply on-line, how do I take advantage of this discount?
I hold two different healthcare professional licenses. How do I obtain coverage for both?
As a Physical Therapist, I am working as a PRN (per diem) at a local hospital. How do I obtain coverage?
1. How quickly can coverage begin?
Your coverage can begin once your completed application is approved and payment is received. In most cases, this can be done in one day if you apply online. If you decide to fax your application (1-800-739-8818), it will in most cases be processed within 2-3 business days.
Your application processing time may be extended if we need additional information from you.
2. Do you have a discount for new graduates? If so, am I eligible?
Yes, you are eligible for up to a 50% discount if you’ve graduated from school within the last 12 months. When you apply through our online quote process, your rate will reflect all discounts for which you are eligible.
3. The application asks whether I am employed or self-employed. How do I determine that?
A good way of knowing if you are considered an employee is whether or not your company takes taxes out of your pay and files a W2 form with the IRS at the end of the year. If this is the case, you can indicate that you are employed. Generally, self-employed professionals receive a 1099 Form from the entity they have performed services for. If you are both (working for different companies in different capacities), then you can apply as "self-employed" to be insured for both your employed and self-employed work.
If your employer pays for your professional liability insurance coverage and continues to have you covered under the employer’s policy, please sign up as employed. However, if your employer has removed the employer’s insurance policy to cover you, please sign up as self-employed. If you are not sure, sign up as self-employed.
In nearly every case, we offer the same coverage and benefits to you whether you are employed or self-employed. Our policy is flexible enough to cover you when you change careers, so you can continue to safeguard your livelihood.
4. Am I eligible for the part-time discount? If I apply on-line, how do I take advantage of this discount?
We offer a part-time discount to certain healthcare providers based on the number of hours they work. If your full-time premium exceeds $100 per year, and you work 24 hours per week or less considering all of the work that you do, you would be eligible for this discount.
Keep in mind that our part-time discount does reduce certain coverages on your policy though (all coverages except your Professional Liability coverage part are reduced by 50%).
To take advantage of this discount when you apply online, simply indicate that you are working part-time on the application and you will receive the proper discount on your policy.
5. I hold two different healthcare professional licenses. How do I obtain coverage for both?
In order to obtain coverage for your dual professions, we recommend that you contact us via phone or email and tell us about your situation, so that we can advise you on how to proceed.
We provide coverage for over 80 different healthcare professional licenses and certifications. We will cover you for any of those licenses that you hold. Your premium will be determined by whichever of your licenses carries the higher premium.
For example, you may be licensed as both an Athletic Trainer and Physical Therapist Assistant. Your premium would be based on the rate for an Athletic Trainer (based on your work status) and you would receive coverage for your PTA license at no additional cost.
6. As a Physical Therapist, I am working as a PRN (per diem) at a local hospital. How do I obtain coverage?
As a PRN, you should apply for coverage as a self-employed individual. Click here for a quick quote and online application form.
Upon receipt of your application, it will be processed, and if approved, a Certificate of Insurance and bill will be sent to you. If immediate coverage is required, please provide a fax number and indicate on the application that you would prefer a faxed certificate as soon as possible. We can usually fax your Certificate of Insurance within 24 hours, as long as additional information is not needed to process your application.