Getting protection for your professional reputation should be one of the things included in your first to-do list when you are starting an acupuncture business. It safeguards the name you have built for years. Buying acupuncture professional liability insurance is the way to realize the protection you need.
Here are some of its benefits
License protection – it is wise that an acupuncturist gets the insurance that protects the license he worked hard for years to obtain. A revocation of an acupuncture degree realized from extensive training in acupuncture care can happen in a snap, but insurance can help avoid it.
Occurrence and claims-made-based coverage – acupuncture professional liability insurance can cover a business from an incident that happens during the time of the policy (regardless of when a person reports a claim). On the other hand, claims-based coverage offers protection for an incident that occurs (or is reported) within a specific period set forth by the policy. (your insurance provider can explain to you in detail the difference between the two.)
Cyber-security insurance – as businesses (including acupuncture businesses) continue to shift to a more efficient and economical digital infrastructure, we also see issues regarding data or information loss due to several reasons, including compromise and theft of electronic data. As a result, businesses may be liable for damages resulting from such issues. Fortunately, you can protect yourself and your business by obtaining insurance that provides cyber liability coverage.
Data breach liability insurance – offers protection (covers the costs) to acupuncturists facing a lawsuit stemming from alleged financial damage resulting from a data breach. Policies offering data breach liability protection generally provide for expenses associated with informing parties affected by a breach to minimize the damage. It includes giving the affected parties access to things such as assistance hotlines and credit monitoring.
Talk to an acupuncture professional liability insurance provider today to learn more about its benefits and how to get started.