All businesses, regardless of industry, need some level of protection to keep thriving. If you are running a chiropractic clinic, getting a chiropractor business insurance is necessary. It gives several benefits. It can take care of the expenses should you need to face a legal battle against a patient filing a lawsuit. It can help compensate an employee who needs to go on vacation because of a work-related injury. Indeed, chiropractor business insurance can help get a heavy burden off your shoulder.
Now that you’ve learned the importance of insurance for your chiropractic business, it pays to know its fundamentals. It helps you to use its optimum benefit.
Consider the following options:
General Liability Insurance – This is the most common and comprehensive policy that chiropractor companies put their money in. It covers the risks of bodily injury, property damage, medical payments, legal defense, and personal injury. Getting this type of insurance gives protection, including in the case where a patient sues your business. It helps compensate for the associated fees as well as damages.
Professional Liability Insurance – There are other types of insurance that chiropractors should obtain, and this is one of them. Professional Liability Insurance protects you in case someone claims your professional services caused him harm. If a patient sues you based on a negligence claim, it takes care of your legal fees and any required settlement.
Workers’ Compensation Insurance – It protects your workers should they become injured in the line of duty. Apart from a worker’s medical bills (and lost wages if they need time for recovery), it can also cover disability or death benefits stemming from a work-related accident. Because of its usefulness, most states oblige companies to carry Workers’ Compensation Insurance for both part-time and full-time workers.
Commercial Property Insurance – You may also choose to get commercial property insurance, which is for giving protection to your chiropractic equipment, office furniture, computers, office supplies – items that can be vulnerable to disasters such as hurricanes and fire.
For more inquiries regarding chiropractor business insurance, contact us at (866) 802-4476.