What You Need to Know About Chiropractic Malpractice Insurance
What You Need to Know About Chiropractic Malpractice Insurance

Chiropractic Malpractice Insurance

If you are currently a chiropractor or studying to become one, then one thing you need to have is chiropractic malpractice insurance. Any individual in the healing arts should have this type of coverage to protect their interests. Even one malpractice lawsuit can ruin your career for good. Even if you are a student that is practicing with a licensed chiropractor for your training you can still be sued, which can destroy your career aspirations. Luckily it doesn’t cost an arm and a leg for most students to get some type of malpractice insurance. Even if you are already a chiropractor you can find reasonably priced insurance.

One organization you may want to look into is NCMIC, which currently provides insurance coverage for more than 35,000 chiropractors. This company has 60 years of experience in the field of chiropractic insurance. The organization was made by chiropractors for other chiropractors to benefit from and is still going strong today. NCMIC claims to provide unparalleled customer service to members so you may want to check out this company. It is always important to go with a provider who specializes in your area of practice.

A benefit offered by NCMIC is consent to settle. What this means is that no malpractice case will be settled without your authorization. This is a crucial advantage because it allows you the opportunity to fight the case and clear your reputation. The only two states in which this benefit is unavailable is Maryland and Florida. Another selling point of this company is that they offer both Occurrence and Claims Made policies to suit your particular needs.

As if that is not enough, NCMIC has chiropractic malpractice insurance discounts. For example, those with first year practices get a 75 percent discount off the cost of their policy. Those working 20 hours or fewer regardless of how long they’ve been practicing get a 50 percent discount. The longer you practice as a full time chiropractor, the less discount you will receive but by then your practice should be well established financially. The organization understands that first and even second year practitioners need time to build their clientèle and that is what they allow. So even if you are on a tight budget you can still get malpractice insurance for your practice.

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