We cannot stress enough how crucial it is to get acupuncture business insurance to protect your company and professional reputation. Whether you are just new in the acupuncture industry or have been in operation for some time, insurance can give the needed protection. Should there be an untoward event in your business along the way, which requires sums of money, like dealing with a client’s lawsuit, you can rest assured that your policy will take care of the associated expenses.
Acupuncture business insurance can include multiple coverages to ensure that it can cushion you in different situations. It can be custom-designed so that it suits best to your needs.
An acupuncture business insurance can cover you with the following:
Premises liability. Commonly called slip or trip and fall insurance. This endorsement covers the potential risks of a guest on the premises alleging damage to their personal property or injury in the clinic area, such as slipping from a wet spot on the floor, tripping on a frayed rug, or fainting and falling off the treatment table.
Business owner policy. It is a package policy that covers property and liability exposures (as required by landlords) as well as a loss of income if your business cannot operate for some time. For example, if the roof of your office is damaged during a thunderstorm, causing it to flood, closing your business for two months, a BOP would provide coverage in several ways.
Worker compensation insurance. It pays for medical care and rehabilitation of employees who get injured on the job or contract a work-related illness. It also covers a portion of your employees’ lost wages, disability benefits, and death benefits for the dependents of employees killed in work-related accidents.