CM&F Group

What CM&F Group does

CM&F Group is a professional liability insurance distributor specializing in malpractice coverage for healthcare professionals, operating as a division of Specialty Program Group LLC. Founded in 1917 (with the homepage tagline citing 1919), the company wrote the first liability insurance policy for nurses in 1947 and now serves 150,000+ customers across 200+ healthcare professions, including nurse practitioners, physician assistants, nurses, physical therapists, surgical technologists, radiation imaging professionals, psychologists, and allied health providers. CM&F is the endorsed malpractice insurance provider of the American Academy of Physician Associates (AAPA) and is underwritten by Medical Protective (MedPro Group), which carries an A++ (Superior) A.M. Best rating. The company is headquartered at 5 Bryant Park, 4th Floor, New York, NY.

The company operates a proprietary automated online quoting and policy management platform that delivers instant quotes in as little as five minutes, backed by a dedicated broker portal for independent insurance agents. Distribution runs through direct-to-consumer digital channels, an inside sales desk (1.800.221.4904), a network of independent agents and brokers, and GTM partnerships with professional associations and digital health platforms including Headway, Luna, Fyzical, AmSpa, ProDoula, NBCC, NAEMT, ASA, CAPPA, and PTPN. The product portfolio spans individual professional liability, group liability for practices and businesses, telemedicine malpractice (integrated into all policies as standard), student coverage, and specialty sub-products for surgical, radiation imaging, and psychology professionals, plus optional general liability and medical director add-ons. CM&F recently extended the portfolio with Life Insurance for Healthcare Professionals.

CM&F generates revenue through insurance premiums (recurring annual subscriptions), commission income from insurers and managing general agents, contingency income tied to new customer growth, loss results, and policy renewals, and negotiated client fees for complex business insurance programs. Pricing is quote-based and varies by profession, surgical class, experience, state of practice, and coverage limits (PA supplemental coverage ranges from $750 to $1,200 annually). The customer base of 150,000+ is highly distributed across individuals, practices, schools, and students with no concentration in any single account. With 11-50 employees per firmographic data, CM&F operates as a focused specialty insurance program within the Specialty Program Group portfolio under CEO Jay Sullivan.

Name

CM&F Group

Legal name

CM&F Group, division of Specialty Program Group LLC

Website

https://cmfgroup.com

Company type

Private

Founded year

1917

Operating status

Operating

Headcount range

11–50 employees

Short description

CM&F Group distributes professional liability and malpractice insurance for 150,000+ healthcare professionals across 200+ professions via automated online quotes and a broker network. Operating as a Specialty Program Group division, it is underwritten by Medical Protective and holds the AAPA endorsement.

Ownership category

akta.pro rank

Product category

Professional Liability Insurance

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Healthcare Professional Liability (Med Mal) (FSAJAGAE)

akta.pro secondary industry

Medical Malpractice Liability (FSAJADAK)

Keywords

• Professional liability insurance
• Medical malpractice insurance
• Healthcare professional insurance
• Malpractice coverage
• Liability coverage

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D, Others

Revenue model

1. Insurance Premiums: CM&F earns revenue through insurance premiums paid by healthcare professionals and businesses for professional liability/malpractice coverage. Premiums are calculated based on profession, practice type, coverage limits, and risk factors.
2. Commission Income: Commission income is paid by insurers or managing general agents based on a percentage of premium for distribution and servicing of insurance policies. This is included in the premium paid by the insured.
3. Contingency Income: Income received through contingency arrangements with insurers based on meeting annual criteria including new customer growth, loss results, and policy renewals.
4. Client Fees: Fees negotiated for complex business insurance programs, placement of coverage, or additional services such as third-party administration of employee benefits.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

CM&F Group sells professional liability (malpractice) insurance to individual healthcare professionals and healthcare practices across 200+ healthcare professions. The company offers occurrence-based policies with 24/7 portable coverage, underwritten by Medical Protective (MedPro Group), an A++ rated carrier, and is endorsed by the American Academy of Physician Associates (AAPA).

Product overview

CM&F Group is a professional liability insurance company offering a comprehensive portfolio of malpractice insurance products for healthcare professionals and businesses. The core offerings consist of Individual Professional Liability Insurance (covering 200+ healthcare professions), Group Liability Insurance (for practices and healthcare businesses), Telemedicine Malpractice Insurance (integrated into all policies), and Student Professional Liability Insurance. Additional specialized sub-products include surgical professional liability, radiation imaging and diagnostic coverage, psychology professional liability, and physician assistant-specific products including PA AssetGuard supplemental policies. Optional add-ons include General Liability Coverage and Medical Director Coverage. The company provides occurrence-based policies (no tail coverage needed) with coverage limits up to $1 million per claim and $6 million aggregate, including telemedicine/telehealth coverage as a standard feature across all offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Individual Professional Liability Insurance
• Group Liability Insurance
• Telemedicine Malpractice Insurance
• Student Professional Liability Insurance
• Physician Assistant Liability Insurance
• Surgical Professional Liability Insurance
• Surgical Technologist Professional Liability Insurance
• Psychology Professional Liability Insurance
• Nurse Practitioner Liability Insurance
• Radiation Imaging & Diagnostic Professional Liability Insurance
• PA AssetGuard Supplemental Policy

Quantifiable outcome

• Get a quote in as little as 5 minutes
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

13 partnerships are on record, tiered core and minor.

• American Academy of Physician Associates (AAPA)coreStrategic or Co-development PartnerCM&F has a 25+ year partnership with the AAPA as the endorsed provider of malpractice insurance for physician assistants. CM&F offers exclusive AAPA member discounts and is the only PA malpractice insurance provider endorsed by the AAPA. The partnership includes AAPA Learning Central integration for risk management course discounts.
• Medical Protective (MedPro Group)coreTechnology or IntegrationCM&F's program is underwritten by Medical Protective, rated A++ (Superior) by A.M. Best. Medical Protective is described as the nation's oldest provider of healthcare malpractice liability insurance.
• PTPN (PartnerTherapy and PTPN)minorGTM or Marketing PartnerProfessional therapy network partnership providing coverage and marketing recognition for physical therapy professionals
• ProDoulaminorGTM or Marketing PartnerDoula professional organization partnership for maternity and birth professional coverage
• NBCC (National Board for Certified Counselors)minorGTM or Marketing PartnerPartnership providing professional liability coverage recognition for certified counselors
• NAEMT (National Association of Emergency Medical Technicians)minorGTM or Marketing PartnerPartnership for emergency medical technician professional coverage recognition
• HeadwayminorGTM or Marketing PartnerMental health platform partnership for therapy professional coverage
• CAPPA (Childbirth and Postpartum Professional Association)minorGTM or Marketing PartnerChildbirth professional association partnership for doula and childbirth educator coverage
• ASA (American Sailing Association)minorGTM or Marketing PartnerSailing association partnership for fitness/wellness professional coverage
• AAPA (American Academy of Physician Assistants)coreGTM or Marketing PartnerEndorsed malpractice insurance provider partnership with exclusive member benefits for PAs
• AmSpa (American Med Spa Association)minorGTM or Marketing PartnerMedical spa association partnership for aesthetic/cosmetic professional coverage
• LunaminorGTM or Marketing PartnerWellness platform partnership for fitness and wellness professional coverage
• FyzicalminorGTM or Marketing PartnerPhysical therapy network partnership for balance and vestibular professional coverage

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Nurses Service Organization (NSO): NSO is the most direct competitor to CM&F in individual nursing and allied health professional liability insurance, offering comparable occurrence/claims-made policies, employer-portable coverage, and direct-to-practitioner digital quoting. It serves the same core customer segments (nurses, NPs, PAs, allied health) that anchor CM&F's book.
• Healthcare Providers Service Organization (HPSO): HPSO specializes in professional liability insurance for individual healthcare providers (nurses, NPs, PAs, therapists, dental hygienists) and competes head-to-head with CM&F in the same direct-to-consumer, profession-by-profession malpractice market with comparable coverage features and association endorsements.
• Proliability: Proliability provides professional liability insurance for individual healthcare professionals and small practices, directly overlapping CM&F's individual and small-group healthcare malpractice book. It offers similar digital quoting and profession-specific policies for allied health providers.

Broad incumbents

• Medical Protective (MedPro Group): MedPro is CM&F's underwriting carrier and the nation's oldest healthcare malpractice insurer, offering direct professional liability coverage to physicians, groups, and allied health providers. As a rated A++ direct writer, it is both partner and competitor - practitioners can buy directly from MedPro rather than through CM&F's distribution layer.
• The Doctors Company: The Doctors Company is the largest physician-owned medical malpractice insurer in the U.S., writing coverage for physicians, groups, and increasingly NPs/PAs. As a broad incumbent, it competes for the same high-end individual and group healthcare liability business that CM&F targets at the allied-health tier.
• NORCAL Mutual Insurance Company (now part of ProAssurance): ProAssurance/NORCAL writes medical professional liability for physicians and allied health professionals and is a long-standing incumbent in the U.S. malpractice market. It competes with CM&F for healthcare professional and group liability business, especially in group practice and employed-provider settings.
• Coverys: Coverys is a medical professional liability insurer serving hospitals, healthcare systems, physicians, and allied health providers. It competes with CM&F in the healthcare professional liability space, particularly for group practices, integrated delivery systems, and employed providers.
• CNA Healthcare: CNA's Healthcare segment writes professional liability and malpractice coverage for individual healthcare providers, practices, and facilities. As a national commercial carrier, it overlaps with CM&F in serving allied health and group practice customers at greater scale.
• Berkshire Hathaway Specialty Insurance (BHSI): BHSI writes executive and professional lines including medical malpractice and healthcare professional liability for individual providers and groups. As a Berkshire-backed incumbent with significant capital, it is an indirect but credible competitor for higher-end individual and group healthcare liability accounts.

Emerging players

• Hiscox Professional Liability: Hiscox is a specialist small-business professional liability carrier offering malpractice and E&O coverage to solo practitioners and small healthcare practices through a digital-first, broker-enabled model. While not focused exclusively on healthcare, it competes for the same small-practice and allied health customers that CM&F serves through its broker portal.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCd5Dl1LHMhx_ziYXy0X7NXA
• Facebookfacebook.com/cmfgroupinsurance
• LinkedInlinkedin.com/company/cm&f-group
• Instagraminstagram.com/cmfgroup
• Xx.com/cmfgroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CM&F Group