Chiropractor Business Insurance: Criteria For Selection

As a business belonging to the alternative treatment industry, chiropractors stand at a higher risk of exposure to malpractice complaints. Such complaints can stem from any of the clients. Thus, protection that shields chiropractor business from these complaints should be in place.

Chiropractor business insurance is necessary for every chiropractic clinic – regardless of business size. If you are running one, it should be there in your checklist. It provides the protection you need to ensure your business (and your professional reputation) is okay should a client file a complaint against you, claiming malpractice.

Now, the question becomes how to find a reputable/trusted chiropractic business insurance provider. While there’s no definitive set of guidelines, you should consider the following criteria:

Industry experience. One of the indicators of how reputable an insurance provider is is the number of years they have been providing the service. A company with decades of experience (like ChiroSecure) means it has weathered the market. The length of years in the industry has polished their processes for better services.

Insurance coverage. Of course, the insurance package inclusion is another important factor in deciding which chiropractor business insurance to choose. For chiropractors, malpractice insurance liability, professional liability insurance, worker’s compensation, and business owner policy are the top coverage areas to consider. See to it that your prospective insurance provider offers these coverage options.

Financial stability. There are several ways to check how financially stable an insurance provider can be. For instance, you can look into their assets and ask for a copy of their annual report or financial summary. You can also check on complaints or problems through your state insurance department. In addition, you should also find out how many insurance claims they disbursed money for in one business calendar year.

Reviews. Lastly, do not forget the power of word of mouth. Read what their previous and current clients say about the company. If negative reviews far outweigh the positive ones, you have a compelling reason to cross out that particular insurance provider from your list of prospects.

Are you looking for a reputable chiropractor business insurance provider? Look no further than ChiroSecure. Call us at (866) 802-4476 for inquiries.