If you plan to put up an acupuncture clinic, business insurance for acupuncturists should be part of your must-haves list. It offers protection from liability or malpractice complaints – among other issues. However, it is worth noting that not all insurance packages are created equal; you have to carefully pick that one that fits the unique requirements of your business.
We recommend that you give time to sit down with your prospective insurance provider to discuss it thoroughly and come up with a package custom-designed for your requirement. In doing so, you avoid paying for other charges that might not be necessary.
As your primer, know that business insurance for acupuncturists can protect for the following:
- Malpractice – coverage for needling, herbal remedies, moxa, and cupping; can expand to cover gua sha, bloodletting, or facial rejuvenation.
- Premises liability – commonly called slip or trip and fall insurance. This endorsement covers 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 personal property – can cover the insured for lost, stolen, or damaged business property, such as equipment.
Finding the right company
Searching for the right company that offers business insurance for acupuncturists can be tedious if you are new to the industry. But here are some insights you might find helpful as you list down your criteria for selection.
Industry experience – choose one with experience as an acupuncture insurance provider (it makes sense to choose one with decades of industry experience rather than a relatively new insurance provider)
Coverage – what are the inclusions of the package? Are the inclusions worth it relative to the price? How does one insurance package differ from that of another provider? (put them side by side and compare)
Insurance claim payout – how many insurance claims payouts have your prospective companies granted over the years? (you can ask for their annual data). In doing so, you will have an idea of whether or not they can deliver their promise.
Online looking for a reputable provider of business insurance for acupuncturists? Contact American Acupuncture Council today at (800) 838-0383.