A person new to the industry may be skeptical about whether or not insurance for chiropractic businesses is helpful. But here are some specific cases that prove buying one is a must.
A patient files a complaint, claiming that your treatment program is not working.
A couple of months into the treatment completion, a patient of yours suddenly claims that your treatment is not working. On the contrary, it makes the condition worse. Of course, this can be tricky. Such a scenario leaves you with a few options to address the concern. One, convince the client to stay and show the improvements made. Two, refuse to refund. Three, grant the refund.
If negotiations fail and your client chooses to abandon the treatment and files a case in court for malpractice, insurance for chiropractic businesses (liability insurance) comes into play. It will help ensure that you and your business will be okay during the stage of a legal battle.
The equipment in your clinic needs repair or replacement.
Equipment is not invincible to natural wear and tear. With daily use, it will eventually break down and need a repair or replacement. In addition, a natural calamity can potentially make its lifespan even shorter. For instance, a chiropractic adjustment table can cost from USD 300 to USD 2,400 to replace. That is quite an expense. The good news is, chiropractic insurance can cover that. A small business property insurance will pay for the replacement, saving you a decent amount of money.
A patient accidentally trips and stumbles upon entering your clinic, obtaining injuries.
Such an unfortunate case can be a result of negligence on the part of the patient. However, the chances the patient will pursue a legal complaint are high since it happens in your clinic. Like other similar cases, you are technically responsible for paying for the medical fees. But with chiropractic insurance, you should be okay, knowing that it covers your business and your professional reputation in situations like this one.