Chiropractic Insurance- Safety Against All Problems

If you are running a chiropractic business, it would be wise of you to opt for an insurance. In this age where you can get insured for anything and everything, there are various American insurance companies that can offer you different types of chiropractic insurance .

Here is a look at different types of chiropractic insurance that you can opt for. One of the most popular chiro insurance these days is the malpractice insurance. This type of insurance provides you with utmost malpractice protection.

The malpractice insurance provides you with complete legal coverage as well as proper audit expense coverage. The amount of coverage can go up to $50,000. This amount covers the expenses on any board investigations and hearings, insurance audits, errors and omissions in billing, as well as the money spent on HIPAA.

The insurance policy provides you with unlimited defense costs. Also, there is no reduction of the limits of liability for settlement. You also get proper coverage for your partnership or corporate entity on a shared limit, without paying any extra money.

Apart from all this, you get up to $5000 for the medical expenses, for any injury caused to a person that has resulted from a professional service other than yours.

There are some other insurance programs that can provide you with coverage for a treatment administered in your scope of practice. These programs also provide you with coverage for some other professional chiropractic services offered by you. These services include, peer and utilization reviews, consultations and second opinions. It also provides coverage for any independent medical exams physically provided by you.

Also covered under the policy is any membership on any of the professional committees or boards, like any association of chiropractic practitioners.

Such programs also provide you with full employee coverage for both part time and full time employees. There also is present an optional locum tenens coverage. This type of coverage allows you to add a substitute chiropractor during your absence. The best thing is that there is no additional charge for this. It provides you with coverage for incidents that can occur when a substituting doctor treats one of your patients.

Apart from the usual coverage, you can opt for the liability insurance plans. You can go for shared limits where you can share the liability with your corporation. In such coverage you and your corporation can draw from a single liability coverage amount.

You can also go for separate limit coverage where your corporation gets the liability coverage of an additional amount that is equal to your liability insurance amount.

Another insurance option can be a chiropractic office protection policy that provides coverage for your buildings and structures, valuable documents as well as for any dishonest act done by an employee.

So, now that you know about different types of chiropractic insurance policies, get your business insured, to avoid any unforeseen problems in the future.

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