Every company has its fair share of exposure to risks. However, when it comes to businesses in the medical industry, such as chiropractors running their clinic, the risk is doubled. Why? Because chiropractors tend to get complaints from patients arising from issues like malpractice.
As a licensed chiropractor in practice, you should put a level of safeguards in place, protecting your business and your professional reputation. A chiropractic business insurance can deliver just that.
Here are some compelling reasons to purchase insurance for your chiropractic business – ASAP:
Protection from possible lawsuits
A common situation that can make this issue arise is when, after several treatment sessions, your client suddenly stops seeing you for the remaining appointments. A message then follows, putting you on notice that the client is asking for a refund for a treatment that did not work. Of course, that claim can be tricky and could end up in a court battle. Such a scenario can cause financial strain to your business because of the associated fees. However, when you have liability insurance that covers litigation and restitution fees, you should be okay.
Coverage for equipment in your clinic needing repair or replacement
Your medical equipment isn’t immune to dilapidation brought about by natural wear and tear. When used every day, they will eventually break down and need some repair or even replacement. A chiropractic adjustment table, for instance, can cost between USD 300 and USD 2000 to replace. In multiples, that could translate to some serious amount of money. However, when you have chiropractic business insurance that specifically covers the equipment, that could help maintain a healthy balance sheet for your business.
Protection against cybercriminal attack to computer system
When a cybercriminal breaks into your computer system, stealing your business data, that could be a heavy burden for your business to carry. It is not only about compromising your business information but your clients’ as well – stolen social security numbers, birthdays, medical records, and more are matters needing attention. That is why getting chiropractic business insurance with cyber insurance provision is a smart decision as it can be a great help in dealing with this issue.
Online looking for a reputable chiropractic business insurance? Contact us today at (866) 802-4476.