Table of contents
Physicians need assistants. Physician assistants interpret diagnostic tests and counsel patients. The employment of physician assistants is projected to grow 29 percent by 2031, according to the Bureau of Labor Statistics.
As a physician’s assistant, you must protect your business from potentially damaging lawsuits. 8 out of 10 medical malpractice lawsuits go to trial and can cost you a heavy price in time, resources, and lawyers fees. This writeup will outline one of the best ways to protect your business, physician assistant insurance. Keep reading to find out what policies you need
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $300,000/$1,000,000 | $300,000 | $100,000 | $100,000 | $1,000,000 |
| Waiver of subrogation included? | Yes | No | Included | Can be included | No |
| Hired/non-owned auto liability coverage included? | Yes | No | No | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
| Can you get a certificate of insurance online? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Deductible | $0 | $0 | $0 | $0 | $0 |
One type of physician assistant liability insurance is a general liability policy. This covers you in case of a third-party claim of property damage and bodily injury. Typical situations to use this coverage include:
A potential patient visits your office but accidentally falls and hurts themselves after you bump into them
You accidentally damage a piece of a patient’s personal property that is expensive to fix
Don’t forget to look into add-ons that can enhance the types of events your physician insurance policy can get coverage for. Some general liability add-ons to get include:
Cyber liability: Protects you from claims related to cyber-attacks, loss of customer data, and other internet-related causes
Tools and equipment insurance: Protects your business tools if damaged or stolen during patient treatment and other business use
Your general liability insurance will have a $1 to $2 million coverage limit. Higher amounts are available if you customize limits of avail an excess policy.
No, general liability insurance will exclude worker injuries, business vehicle damage, property damage, and protecting any tools you use in your practice.
| CoverWallet | NEXT | Thimble (Best) | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $1,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $2,000,000 |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Waiver of subrogation included? | Yes | No | Yes | Can be included | No |
| HIPAA coverage included? | No | No | No | No | No |
| Sexual misconduct coverage included? | No | No | No | No | Can be included |
| License defense coverage included? | No | No | No | No | Can be included |
| Deductible | $500 | $500 | $500 | $50/$10,000 | $500 |
Physician assistant malpractice insurance protects you from the potentially financially devastating results of medical negligence or oversights in patient care. The best malpractice insurance for physician assistants will include a sexual harassment and abuse molestation add-on for a comprehensive coverage.
A malpractice insurance policy is sometimes called professional liability insurance for physician assistants. Still, it is essential to remember that malpractice insurance deals with losses related to the human body. Examples of coverage include:
A customer accuses you of extreme negligence in your medical care
You fail to deliver a promise to a patient about their care situation
Extended reporting period: An add-on for claims-made policies that extends the time that you have to file an insurance claim beyond the policy limits
Media liability: Adds protection against lawsuits that stem from content you publish on a website or other media platform
Your physician assistant medical malpractice insurance will offer a $300,000-$1 million per occurrence limit and a $1 million-$2 million aggregate.
Physician assistant malpractice insurance quote from insurers to be between $1,000 and $8,000 per year for a policy. The price of malpractice insurance varies widely across the medical industry based on the risk you are likely to experience.
Your physician assistant malpractice insurance cost will be affected by the type of medical treatments you assist with, the limits of your policy, and the state that your practice is in.
Get all the best quotes from leading providers in a click of a button!
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $260,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Contents coverage limit (minimum) | $50,000 | $22,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Excluded |
| Accounts receivable | Excluded | Excluded | $5,000/10,000 | Included | Excluded |
| Money and securities | Excluded | $2,500 | $1,000 | Included | Excluded |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Excluded |
| Business interruption floater | Excluded | Included | Included | Included | Excluded |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Excluded |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Included | Excluded |
Physician assistant insurance benefits from a policy that protects your business property. Commercial property insurance fits the bill and protects your building and related business property. Examples of coverage are listed below.
Your property is stolen while you are working at your medical office
Someone vandalizes some of the medical tools on your commercial property
Flood Insurance: Floods are often excluded by default in commercial policies. A flood insurance policy can be valuable where flood waters are familiar
Outdoor sign coverage: Protects signs you use that are located away from your business building
Commercial property insurance will have a typical coverage limit of $50,000. Coverage will vary based on your policy and the insurer.
Physician assistants will not always require commercial property insurance. Since you often work under the supervision of a senior physician, you may be included under that physician’s insurance coverage.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $260,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Contents coverage limit (minimum) | $50,000 | $22,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Excluded |
| Accounts receivable | Excluded | Excluded | $5,000/10,000 | Included | Excluded |
| Money and securities | Excluded | $2,500 | $1,000 | Included | Excluded |
This policy combines the protection of commercial property insurance and general liability into one cohesive policy. It also features a business interruption insurance. Consider purchasing a BOP to enjoy multiple insurance options without investing much on premiums.
Cyber liability: Adds protection to your policy that will help you out in cases where a cyber attack or data breach causes financial damage to your physician assistant business
Commercial crime: Protects your physician assistant business against damaging actions your employees might levy against you
Umbrella insurance: This policy will extend coverage limits for multiple policies if your primary policy has run out of eligible coverage. You can get extensions of $1 million-5 million or even more
–
A business owner’s policy will have a typical coverage limit of $1 million for general liability and between $20,000 and $60,000 for commercial property.
Yes, damage to your business that results from fire damage is typically included in a business owner’s policy. Some other forms of natural damage, like earthquakes and floods, will often need to be added separately.
| NEXT | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|
| Aggregate limit | $3,000/$10,000 | $2,500/$5,000 | $15,000/$25,000 | $5,000-$10,000 |
| Covers hired and borrowed equipment? | $3,000/$10,000 | $2,500/$5,000 | No | Yes |
| Miscellaneous equipment also covered? | $5,000/$10,000 | No | Yes | Yes |
| Offered as an endorsement to general liability insurance? | Yes | Yes | Yes | Yes |
| Deductible | $500 | $500 | $0 | $0 |
You will use tools and equipment insurance to provide financial protection for the tools you use to practice medicine. Thi policy will cover repair or replacement expenses if equipment get damaged or destroyed due to fire, theft, vandalism, and other covered perils. Example coverage will include:
A medical tool is stolen while you are assisting in administering medical care
Your medical equipment gets damaged in a covered event and needs to be replaced
Flood damage: Helps pay for the cost to rent tools or equipment if it is damaged by water in a covered flood event
Equipment breakdown: Adds extra protection for events that cause damage from internal forces like power outages and mechanical failure
Your physician assistant tools and equipment insurance will have coverage between $5,000 and $20,000.
No. A tools and equipment insurance policy typically covers accidental tool damage. This rule also extends to things like improper maintenance and wear and tear.
If you have any employees, workers’ compensation insurance can protect them from the costs of getting a workplace injury or illness. Workers compensation insurance can cover hospitalization, medication, rehabilitation, lost wages, and employee death benefits.
Yes. Workers injured or ill can get the costs of their necessary prescriptions covered by this policy. Your workers’ comp policy should cover most prescriptions. However, there is a chance that some prescriptions are not. Be sure to check the wording of your workers’ comp policy.
A workers’ comp claim’s time to process will vary depending on the insurer and area. Still, generally, it will take around 30 days. Insurers will need time to investigate the claim to ensure all the facts are reported correctly.
You can use an excess liability policy to enhance the coverage limit of one of your existing insurance policies. Say for example, you have a $1 million general liability policy and $2 million dollar claim is filed. In this case, excess liability insurance can cover the remaining $1 million claim amount and there’s no need to shoulder the cost yourself.
| Cost per Month | Cost per Year | Deductible | |
|---|---|---|---|
| General liability insurance | $45 | $540 | $0-$500 |
| Professional liability insurance | $52 | $624 | $1,000-$2,000 |
| Commercial property insurance | $63 | $756 | $1,000-$2,000 |
| Business owner’s policy | $100 | $1,200 | $1,500 |
| Tools and equipment insurance | $49 | $588 | $500-$1,000 |
| Commercial auto insurance | $57 | $684 | $500-$1,000 |
| Workers compensation insurance | $82 | $984 | $2,500-$5,000 |
| Excess liability insurance | $47 | $564 | $500-$1,000 |
The average physician assistant insurance cost is $45 per month or $540 per year for a $1 million general liability policy. Several factors will influence the cost of your insurance, including the risk level of your industry, your history with insurance claims, and the number of employees you have. In connection, here’s a table showing the cost of a $1 million general liability insurance from the best companies:
| Cost per Month | Cost per Year | Best for | |
|---|---|---|---|
| NEXT | $25 | $300 | Best overall, Fastest general liability insurance for physician assistants |
| The Hartford | $27 | $324 | Longstanding and trusted insurance policies |
| CoverWallet | $30 | $360 | Comparing physician assistant insurance quotes online |
| Tivly | $33 | $396 | Comparing quotes from different providers over the phone |
| Hiscox | $40 | $480 | Business insurance with automatical renewal for physician assistants |
| Thimble | $36 | $432 | Getting your physician assistant coverage quickly |
| AAPA | $83 | $996 | Malpractice insurance for physician assistants |
Get all the best quotes from leading providers in a click of a button!
You might want to consider working with these companies. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability policy.
Best overall
Issues an online proof of insurance instantly
Fastest general liability insurance for physician assistants
Great customer service and reputation
Excellent rates
Outstanding value for money
Get a 10% discount if you buy two or more policies
Couldn’t find any
NEXT is an online insurance provider that offers many insurance protection options. You can purchase general liability, workers’ compensation, business owner’s policy, and more for your physician assistant business. NEXT received an A- from AM Best for its financial strength and a B+ rating from the Better Business Bureau.
Best for: Best overall, Fastest general liability insurance for physician assistants
Average cost: $25 per month
Our rating: 10/10
Longstanding, trusted insurer with 200 years of insurance experience
Offers financial services in addition to insurance
An excellent mobile app that is easy to use
Coverage is limited in some states
The Hartford has a stellar track record for providing insurance over the 200 years it has been in business. It has spent over 30 years devoted to small businesses. The company has an A- from AM Best. It offers a suite of policies that make perfect additions to a physician assistant insurance policy. The Hartford began as a fire insurance company in 1810 but has since expanded to provide other forms of coverage.
Best for: Longstanding and trusted insurance policies
Average cost: $27 per month
Our rating: 10/10
Compare quotes online for your policies
10+ top carriers
Allows you to compare options with other insurers
Not a coverage provider themselves
CoverWallet is your digital insurance wallet where you can easily track and purchase new policies. The company has insurance policies like general liability, workers comp, and malpractice insurance for medical professionals. CoverWallet offers insurance for top carriers like Hiscox, Progressive, and Chubb.
Best for: Comparing physician assistant insurance quotes online
Average cost: $30 per month
Our rating: 10/10
Matches you with your ideal insurance provider
Offers medical malpractice insurance
200+ partners to pick from
You need to talk to a Tivly representative for quotes
Tivly is a considerable insurance platform that offers a selection of over 200 providers to pick your physician assistant insurance policy. This company is a trusted platform with an A rating from the Better Business Bureau. Tivly takes the work out of insurance because of the ease of getting quotes. The company helps you narrow down your options to the perfect policy. Call a representative now to compare quotes over the phone.
Best for: Comparing quotes from different providers over the phone
Average cost: $33 per month
Our rating: 10/10
Purchase coverage for a month, hour, or even a day
Get your policy in 60 seconds
Excellent app features
Some customers report that the customer support features are limited
Thimble offers flexible insurance plans that allow you to customize the coverage period to the hour. The company is one of the most accessible companies to get coverage from quickly. Thimble boasts an A+ rating from the Better Business Bureau, making it highly trusted by its customers.
Best for: Getting your physician assistant coverage quickly
Average cost: $36 per month
Our rating: 10/10
Has over 100 years of insurance experience
Discounts when bundling multiple policies
A rating from AM Best
Some policies are limited to policyholders with fewer employees
Hiscox offers a small-business insurance experience that tailors your policies to your needs with expert knowledge from their agents. The company’s policies will work great with your physician assistant insurance. You can choose from general liability, medical malpractice, workers comp, and others.
Best for: Business insurance with automatical renewal for physician assistants
Average cost: $40 per month
Our rating: 10/10
Protects healthcare workers for over 100 years
Coverage options up to $2 million per claim
Sole covers professionals in the medical field
Need to be an AAPA member
AAPA malpractice insurance offers higher-end physician assistant liability insurance with impressive coverage limits. You get general liability coverage, sexual misconduct defense, and HIPAA defense coverage. The coverage will extend to different areas like volunteer care and telehealth treatment. Their medical malpractice insurance for medical assistants also requires your full consent before it will settle a claim.
Best for: Malpractice insurance for physician assistants
Average cost: $83 per month
Our rating: 8/10
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Simple online quoting and purchase. excellent mobile app. claims filing via phone, website or app. Combines competitive rates with excellent customer experience. Progressive provides all of the coverage a small business needs. not to mention its financial strength
10 / 10
Excellent business insurance coverage tailored to your business needs in good rates, professional customer service, pays claims fast and fairly. Recommended!
0 / 10
Not recommended, worst company I've dealt with. Denying claims regularly.
9.4 / 10
Fastest ever online insurance quote and purchase! Also, great rates and professional customer reps that helps with whatever you need, if you need. Nice company!
Paul Burns Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
It has been 70 days since I made a claim on the roof of my building. No one from the company will return calls. We are in hurricane season and located in Louisiana. My building is tarped to secure it.
2.8 / 10
Embroker sells a product that it doesn't honor. We purchased a combination D&O and EPLI policy. However, when it came to renewal, it told us that we only had D&O coverage even through our ACCORD certificate clearly mentions we have both. Basically they refused to honor the EPLI coverage and will leave you hanging with the bag. At time of renewal, they more than doubled our quote to get similar coverage. Basically BAIT & SWITCH. Unacceptable tactics. Easy to buy and pay but you may not be... Read More
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
They are the worst, my truck was hit in January 23 and the claim adjuster has not been out to this very day! They have every excuse in the book as to why. They have not been to the collision shop. PLEASE AVOID THESE SCAM ARTIST!
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Avoid these SCAM ARTISTS! They don’t pay claims!!! Save yourself the trouble and money!
Kasey Arey Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
This company gives you a price that was in place for a year and when you have to use it there is fine print were they can go back and charge you more. Would not recommend them to any one. Crooks
John Murphy Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Worst insurance comapny I have ever dealt with. A commercial vehicle represented by GUARD t boned my wife and daughters family vehicle in the middle of the day. Driver was cited and insurance claim insued. Fast forward 4 months and refusal of full amount of claim is still happening. Driver was found guilty, repairs started on my vehicle and when it comes to the final bill and diminished value we cannot get any help. I am out a family car, have an injured and traumatized wife and children,... Read More
Harshadray Patel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Extremely bad service, when you call , will make you wait on the phone for ever (over an Hour) and still no one to answer , so you end up hanging up. To cancel the policy, bounce you from one department to the other. They are supposed to refund from the date other insurance started and after sending the proof of other insurance policy, still they did not refund based on that actual date instead they use the date i managed to get hold of them. They charged me $7000.00 for a year's insurance on... Read More
Aaron Wensel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Guard Insurance is terrible. They were so bad I cancelled them because them couldn't figure out why I would never get a paper copy of the bill . Verified my address with them and still intermittent billing. I cancelled them in March through my local broker. Today 6/27 I get a letter in the mail from a collections company saying I owe 87.97. This was the first myself or my broker heard of owing this money. Here is some advice for this failure of a company send me a god damn bill and I will pay.... Read More
Michael Swink Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
My employer had to have workers compensation by law. He obtained a policy through this Berkshire Hathaway GUARD and they failed me. I fell from a ladder and fractured my spine in 7 different places, my clavicle in 4 places, and the base of my skull. Going to my Dr visits I was prescribed medication for pain and the insurance company placed a pre-authorization hold on me picking up the medication from Walgreens. The hold lasted 5 days! My weekly benefits have never been on time, right now... Read More
2 / 10
I never purchased the policy. The person I spoke with "Bruce" was condescending and argumentative. He kept repeating himself and talking in circles telling me what I HAVE TO DO, basically trying to bully me into purchasing commercial insurance. I wouldn't use this company if they were paying me!
2.8 / 10
Great platform. Terrible policy. There is no teeth behind it. No coverage. It's a fake policy that they sell. Sold us an EPLI policy that later we came to find out had no EPLI coverage. Amazing that they can get away with outright fraud. Check the positive reviews. They are all 'Anonymous' posted by Emroker staff. Stay away and find a real policy that will actually provide you coverage. We've been bitten by them and hope to find restitution via a lawsuit.
10 / 10
Liberty Mutual is one of the more simple companies to deal with. I had to file a claim for my business owner policy after I caught one of my employees stealing a large amount of products from my business. Liberty mutual paid the claim fast and with no efforts. I wish the legal process was as easy…
10 / 10
Highest level of plan and customer service
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
9.4 / 10
Very pleased with Hiscox - their small business insurance rates are very good and they specialize in small business which gives me a peace of mind as a small business owner. So far so good!
10 / 10
Their customer service is absolutely fantastic. Very patient, knowledgable and provided excellent explanation of the purchased policy. I would highly recommend this insurance company to anyone that's looking to protect their business from unexpected expense. Thank you Hiscox for doing a great job for my business!
0.6 / 10
STAY AWAY! I wouldn't recommend hiscox small business liability insurance to anyone. Better not waste both your money and your time. Hiscox customer service is extremely unpleasant, not organized and not professional. It is the worst company we have dealt with in almost 25 years in business!
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Extremely fast and simple. Wasted a lot of time and money until I found these guys! I feel like my business is in good hands now.
10 / 10
My experience with AAA's business insurance was fairly good. Customer service is excellent, coverage is broad, claims process was efficient. I do recommend them.
10 / 10
Simple online quoting and purchase. excellent mobile app. claims filing via phone, website or app. Combines competitive rates with excellent customer experience. Progressive provides all of the coverage a small business needs. not to mention its financial strength
0 / 10
State Farm's business insurance was such a bad choice for us. Worst communication, very unprofessional. Been insured for over 12 years through a local statefarm agent who we were having insurance for our own home, our personal cars, our own health insurance, workers compensation, all of our commercial autos that serve our business - our agent didn't inform us of raising our premium rates, of certain inspections, and send us very rude emails upon our policy cancellations that were caused by his... Read More
10 / 10
Extremely helpful, kind and knowledgable customer service team! I received a business insurance package that was tailored and personalized to my exact business needs! Excellent liability insurance. Their pricing for business insurance is not the most affordable you'll find, however it's better to pay more and know that you are covered well. We got coverage for $1M. In regards to claims, I haven't had any experience so cannot attest, but the rest was excellent so I'm sure claims will be great as... Read More
10 / 10
Customer service is fast and efficient. They were very caring about issues that we faced, checked them all and resolved our claims fast. State Farm is an excellent company. They gave us excellent business insurance coverage that was customized to our precise needs. We worked together to build the most suitable coverage to our needs, nothing more or less, while making sure the rate is good enough. State Farm's business insurance cost was very good compared to other companies, while maintaining a... Read More
10 / 10
Excellent business insurance coverage tailored to your business needs in good rates, professional customer service, pays claims fast and fairly. Recommended!
10 / 10
highly recommended!
9.8 / 10
Chubb provides business insurance coverage for all size of businesses, from small local ones to huge multinational corporates, they are very fast to respond to your claims, their business insurance coverage is very advanced while being tailored to your needs, aka covering you from all sides without over-covering you to make you pay more like some companies do. I'm a very satisfied customer.
9.7 / 10
Very annoyed in 2020 they do not offer online quotes, however they are great at everything else. The coverage is amazing, customer service is world class, value of money is great (even when their rates are not the cheapest), fast and excellent handling of claims, very dedicated and business focused. The only other issue is since they cover all types and sizes of businesses, they do not seem to specialize in any of them specifically.
Not all those who wander are lost.
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