Skip to content

Top 10 Malpractice Insurance Companies

You have many options when it comes to finding malpractice insurance. A type of professional liability insurance, most major small business insurers offer some sort of malpractice insurance coverage. To help you find the best options, we’ve outlined the 10 best malpractice insurance companies below.

1) Proliability: Best for buying process 

  • NAIC consumer complaint rating (Mercer): No complaints (0.00) 
  • Financial Strength Rating (by A.M Best): A

Proliability has been in business for decades and is offered through Mercer. They have a positive reputation with great reviews. It is one of the easiest to work with online, where you can easily get a quote. You can apply online, pay the bill after acceptance and be insured in under 15 minutes. 

2) CPH & Associates: Best for a wide range of profession coverage 

  • NAIC consumer complaint rating: Not listed 
  • Financial Strength Rating (by A.M Best): Not rated

CPH covers a wide range of counselors and psychologists who work in the wellness, mental health, educational and addiction fields. It also covers everything from swim instructors to retail druggists to reiki practitioners to RNs.  

This is also another company where you can apply for coverage online and get approved in a matter of minutes. It offers occurrence (lifetime) coverage and other additions like HIPAA proceedings coverage, loss of earnings coverage and sexual misconduct expense coverage.

3) CM&F:  Best for comprehensive coverage  

  • NAIC consumer complaint rating (a Berkshire Hathaway company): No complaints (0.00) 
  • Financial Strength Rating (by A.M Best): A++

This company is known for its 24/7 portable coverage, so you are insured wherever you work. CM&F also has license defense coverage, sexual misconduct defense and HIPAA violation coverage. You can call their customer service center if you have questions and need assistance.   

4) HPSO: Best for discounts

  • NAIC consumer complaint rating: Not listed 
  • Financial Strength Rating (by A.M Best): Not listed

HPSO (Healthcare Providers Service Organization) handles over one million professionals in the health care industry and works with over 150 professions. HSPO has been around since 1991. The company’s claim to fame is the discounts you can get for being a member of a professional organization and discounts for taking a qualifying risk management class.  

5) Nurse Service Organization: Best for comprehensive and specialized coverage for nurses

  • NAIC consumer complaint rating: Not listed  
  • Financial Strength Rating (by A.M Best): Not listed

If you need coverage as a nurse, you might want to look into this NSO (Nursing Service Organization) than specializes in the profession. It also covers nurse practitioners. It’s known for its comprehensive liability and decent rates. They also insure students at 60%.   

6) The Hartford: Best for small business practices 

  • NAIC consumer complaint rating (Hartford Underwriters Ins Co): 1.58
  • Financial Strength Rating (by A.M Best): A

The Hartford is one of the most well-known companies for insuring small businesses. On its medical malpractice page, it states that it recommends getting a business owner’s policy to mitigate legal issues. These cover business property and business liability coverage.   

7) Hiscox: Wide range of policy coverage 

  • NAIC consumer complaint rating: 0.68
  • Financial Strength Rating (by A.M Best): A

Hiscox is a major insurer that has been around since 1901. It specializes in business insurance and offers insurance for a wide range of medical professionals. It covers professions like therapists, counselors and personal care assistants. The company offers professional liability and general liability to healthcare professionals.  

8) CNA: Best in policy customization 

  • NAIC consumer complaint rating (The Continental Insurance Company): 0.04 
  • Financial Strength Rating (by A.M Best): Not rated

If you’re looking for malpractice insurance, CNA is one of the most popular and well-regarded companies to pop up. The company was named the best Medical Malpractice provider in the National Underwriter’s Property Casualty 360.  

The company is known for tailoring its policies to each professional. To help with that customization, it works only through agents.  

9) American Professional Agency, Inc.: Best in covering counselors 

  • NAIC consumer complaint rating: Not listed 
  • Financial Strength Rating (by A.M Best): Not listed

This company focuses on the mental health and allied health fields, with professional liability insurance for a wide range of professionals, from spiritual care to social workers to psychologists. It boasts 100,000 policyholders.  

10) Pharmacists Mutual: Best for working with an agent 

  • NAIC consumer complaint rating: 0.30 
  • Financial Strength Rating (by A.M Best): A

Despite the name, the company has been working with other industries than pharmacists since 2012. It operates in all 50 states. But you have to work with an agent to get quote information from Pharmacists Mutual. Still, if you prefer talking to a real, live human, that’s a major perk.

Click to rate this post!
[Total: 0 Average: 0]
Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest

No comment yet, add your voice below!


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Tax-Free Retirement Savings Plan - IUL Quotes Comparison

We only need a few data from you (3 mins) to compare quotes of 20+ Indexed Universal Life Insurance (IUL) products from 10+ reputable companies. We’ll recommend the best 3 quotes for your consideration.

Completely free and no commitments! * Required

Guaranteed Life Insurance Policy (GUL) Quotes Comparison

We only need a few data from you (3 mins) to compare quotes of 40+ Guaranteed and Permanent Life Insurance (GUL) products from 15+ reputable companies. We’ll recommend the best 5-8 quotes for your consideration.

Completely free and no commitments! * Required
%d bloggers like this: