Are you new to the industry and curious about whether or not insurance for acupuncture businesses is helpful? In this post, we will discuss some specific cases that prove buying one is a must.
A patient files a case, claiming malpractice.
A couple of months into the acupuncture treatment completion, a patient of yours suddenly claims that your procedure is not working. On the contrary, he signifies that it makes the condition worse. Of course, this is highly debatable. Such a scenario leaves you with a few options to address the concern. One, convince the client to stay and show the areas that improved. Two, refuse to refund. Three, grant the refund.
If negotiations fail to settle scenarios like mentioned above, and your client chooses to abandon the treatment and files a case in court for malpractice instead, insurance for acupuncture businesses (liability insurance) comes into play. It will help ensure that you and your business will be okay during the entire duration of a legal battle, having your financial needs covered.
The equipment in your clinic needs repair or replacement.
Equipment is not damage-proof. It will succumb to natural wear and tear. With daily use, it will eventually break down, and repair or replacement is imminent. Plus, damage from a natural calamity can potentially make its lifespan even shorter. For instance, an acupuncture table can cost from USD 300 to USD 2,400 to replace. That is quite a price tag. The good news is, acupuncture insurance can cover that. A small business property insurance will pay for the replacement or repair, saving your bank account from bleeding out.
A patient accidentally slips 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 that the patient will pursue a legal complaint are still high. That is because the incident happens inside your facility. Like other similar cases, you are technically responsible for paying for the medical fees. But with acupuncture insurance, you should be okay, knowing that your business and your professional reputation are covered.
Online looking for the best insurance for acupuncture businesses? Contact American Acupuncture Council today at (800) 838-0383.