Compared to other businesses in the medical sector, chiropractors can be more vulnerable to various issues surrounding their day-to-day operations. That is because they tend to face lawsuits more often from patients arising from a malpractice claim. That is why many chiropractors see the value of getting some protection in the form of chiropractic liability insurance.
If you are a chiropractor in practice, buying a chiropractic liability policy can be one of the most intelligent decisions you can ever make. It helps you sleep soundly at night, knowing that your business and your reputation have some protection, which covers the possible legal expenses should someone lodges a lawsuit against you.
It is important to note, however, that insurers are not the same. Therefore, you have to be careful in choosing one. A single detail in the policy you overlook may put you in a disadvantaged position in terms of coverage.
So here are some things to keep in mind when getting a chiropractic liability policy.
Chiropractic insurance as specialization – You may fall into the trap of buying a policy from a general medical malpractice insurance provider. But the truth is, choosing a company specializing in chiropractic insurance means that you get a policy that is created specifically with chiropractic in mind. The process is more streamlined; the service is for your unique needs.
Claims-made and occurrence coverage – In case of a lawsuit, you never know how long the process will come into conclusion. That is the reason why you have to decide between claims-made or occurrence coverage. Although both policies cover the same types of injuries and damages, they differ in when and how they cover claims. A claims-made policy protects you for alleged claims made against you and is reported to the insurance company during your policy period for the coverage to apply. On the other hand, an occurrence policy protects you from any claims that occur during the period the policy was in effect. A highly qualified representative from a chiropractic liability policy company should be able to explain to you the difference between the two, and gives recommendations for your choice based on your unique condition.
Are you looking for a reputable provider of chiropractic liability policy? Contact ChiroSecure today at (866) 802-4476.