Insurance for Acupuncturists

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Why Acupuncturists Need Insurance

As an acupuncturist, you understand and appreciate the value of alternative medicine techniques. Patients rely on you for a fresh approach free of prescriptions and surgery to guide them on a path of healing. The fact that your daily appointments include inserting tiny needles into patients’ skin opens the doors to significant risk and potential for lawsuits. Acupuncturist insurance protects your practice when one of these stressful scenarios occur by alleviating costs, time, and managing your reputation.

An acupuncturist places acupuncture needles into specific anatomic sites to improve the body's functions and promote self-healing.

Risks Acupuncturists Could Face

Just like you create a plan to heal and help patients, you also need to create a plan to protect your acupuncture business against these common risks.

  • Unhappy Patients. Patients expect you to make a difference in their health. If you fail to deliver on promises or they are just unhappy with the results, they can sue your practice. Lawsuits often occur even when an acupuncturist doesn’t knowingly do anything wrong.
  • Injury. Owning or renting a property for your business includes a lot of maintenance responsibilities to keep the grounds safe for patients. If you fail to clear sidewalks, repair broken steps, or place a wet floor sign, and a patient falls. You can be held responsible for the medical bills and any time they miss being paid at work.
  • Skin Rash. If the care you provide using needles or other treatment lotions causes a serious reaction on the patient’s skin, you are responsible for their additional medical expenses. They can hold you liable even if you use a third-party product.
  • Building Fire. Fires are unpredictable and quickly destroy everything in their path. If you receive a call in the middle of the night that your building was completely destroyed, how would you pay to rebuild or replace your business?

Types of Coverage Acupuncturists Need

Every acupuncturist benefits from having malpractice insurance, general liability, and commercial property. If you have employees, you may need worker’s compensation or health insurance. And if you do hospital or house visits, you’ll need business auto insurance.

  • Professional Liability: Also known as acupuncturist malpractice insurance, this policy protects you when a patient claims you didn’t deliver or your acupuncture services caused more harm than good.
  • Commercial Property: Property insurance pays for construction of a new building after a covered event destroys it. It also pays to replace property including equipment, tools, and supplies if they are damaged or stolen.
  • Business Auto: Pays to repair vehicles damaged while being used for your business. It also covers costs to repair a third-party’s property or medical expenses if you are at fault for the accident.
  • General Liability: This policy covers slip and fall accidents as well as their-party property damage, advertising injury claims, and alleged libel or slander.

How Much Does Acupuncturists Insurance Cost?

The cost of insurance for acupuncturists depends on which carrier you purchase a policy through. Most will want to know how much experience you have, what your patient contracts state, and any policies and procedures you have in place before the offer a quote. You can request a quote for acupuncturist insurance or acupuncture malpractice insurance by completing our online application today.

What type of insurance does this industry need?

Policy What is it? Why get it Popularity in your industry Want free quotes?
Professional Liability
This policy, common in the professional services industry, helps to protect your business if a client believes they've suffered a loss due to a mistake or error made in a professional capacity. Your business may have contracts with clients or partners that require Professional Liability coverage, provide a "warranty or guarantee," or have clauses that require you to "indemnify or hold harmless" your clients. If so, Professional Liability coverage is often recommended. This coverage is also commonly recommended for any businesses providing advice related to legal or financial matters.

What is it: This policy, common in the professional services industry, helps to protect your business if a client believes they've suffered a loss due to a mistake or error made in a professional capacity.

Why get it: Your business may have contracts with clients or partners that require Professional Liability coverage, provide a "warranty or guarantee," or have clauses that require you to "indemnify or hold harmless" your clients. If so, Professional Liability coverage is often recommended. This coverage is also commonly recommended for any businesses providing advice related to legal or financial matters.

General Liability
This policy protects your business in case of third party claims, such as bodily injury or property damage. For example, the common "slip-and-fall" claim would be covered by your General Liability policy. General Liability insurance is often considered to be the core coverage, particularly for businesses that regularly physically interact with customers or sell physical goods. In addition, many businesses have a contract, like a loan or a lease, requiring that they have this coverage.

What is it: This policy protects your business in case of third party claims, such as bodily injury or property damage. For example, the common "slip-and-fall" claim would be covered by your General Liability policy.

Why get it: General Liability insurance is often considered to be the core coverage, particularly for businesses that regularly physically interact with customers or sell physical goods. In addition, many businesses have a contract, like a loan or a lease, requiring that they have this coverage.

Medical Malpractice
This coverage protects physicians and other licensed health care professionals (e.g., dentists, nurses) from liability associated with wrongful practices resulting in bodily injury, medical expenses and property damage. The potential for a lawsuit is high in medical professions, and this coverage will help protect your business from the costs of damages and legal fees.

What is it: This coverage protects physicians and other licensed health care professionals (e.g., dentists, nurses) from liability associated with wrongful practices resulting in bodily injury, medical expenses and property damage.

Why get it: The potential for a lawsuit is high in medical professions, and this coverage will help protect your business from the costs of damages and legal fees.

Commercial Property
This policy protects the business's physical assets and is appropriate whether you own or lease your space. Keep in mind that this policy will only offer protection in the case of covered events. If you need protection for certain scenarios, such as floods or earthquakes, you may need additional coverage. If you have a mortgage or a lease, you may be required to have property insurance. Even if you are not, this is the best way to protect the building you are in and the business property you have in case of a natural disaster or some other accident.

What is it: This policy protects the business's physical assets and is appropriate whether you own or lease your space. Keep in mind that this policy will only offer protection in the case of covered events. If you need protection for certain scenarios, such as floods or earthquakes, you may need additional coverage.

Why get it: If you have a mortgage or a lease, you may be required to have property insurance. Even if you are not, this is the best way to protect the building you are in and the business property you have in case of a natural disaster or some other accident.

Workers Compensation
Workers Compensation covers an employee's lost wages and the cost of resulting medical treatment if they suffer a work-related injury or disease. It also covers services needed to help the employee recover and return to work. Workers Compensation coverage is mandatory in most states. The number of employees after which it's required differs by state, but you will generally need coverage once you have employees.

What is it: Workers Compensation covers an employee's lost wages and the cost of resulting medical treatment if they suffer a work-related injury or disease. It also covers services needed to help the employee recover and return to work.

Why get it: Workers Compensation coverage is mandatory in most states. The number of employees after which it's required differs by state, but you will generally need coverage once you have employees.

Errors & Omissions (E&O)
This policy, common in the professional services industry, helps to protect your business if a client believes they've suffered a loss due to an error or omission on your part. Your business may have contracts with clients or partners that require E&O coverage, provide a "warranty or guarantee," or have clauses that require you to "indemnify or hold harmless" your clients. If so, E&O coverage is often recommended. This coverage is also commonly recommended for any businesses providing advice related to legal or financial matters.

What is it: This policy, common in the professional services industry, helps to protect your business if a client believes they've suffered a loss due to an error or omission on your part.

Why get it: Your business may have contracts with clients or partners that require E&O coverage, provide a "warranty or guarantee," or have clauses that require you to "indemnify or hold harmless" your clients. If so, E&O coverage is often recommended. This coverage is also commonly recommended for any businesses providing advice related to legal or financial matters.

Umbrella Insurance
Umbrella insurance offers excess liability protection in the case that your General Liability, Commercial Auto Liability, and/or Employer's Liability coverage is insufficient. It essentially acts as a "back-up" plan, providing additional financial protection in the case that your business faces a particularly large claim that exceeds a single policy's limits. This policy can be particularly valuable for a business that faces a variety of risks and has multiple liability policies.

What is it: Umbrella insurance offers excess liability protection in the case that your General Liability, Commercial Auto Liability, and/or Employer's Liability coverage is insufficient. It essentially acts as a "back-up" plan, providing additional financial protection in the case that your business faces a particularly large claim that exceeds a single policy's limits.

Why get it: This policy can be particularly valuable for a business that faces a variety of risks and has multiple liability policies.

Hired & Non-Owned Auto
This insurance protects the business in the case of any incidents involving a vehicle that has been hired by the company to be used for business-related purposes. It also provides coverage in the case your business uses other vehicles which are not property of the business, such as having delivery drivers use their own vehicles. If your company hires vehicles or allows employees to use their own vehicles for business purposes, you will want to consider this insurance.

What is it: This insurance protects the business in the case of any incidents involving a vehicle that has been hired by the company to be used for business-related purposes. It also provides coverage in the case your business uses other vehicles which are not property of the business, such as having delivery drivers use their own vehicles.

Why get it: If your company hires vehicles or allows employees to use their own vehicles for business purposes, you will want to consider this insurance.

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