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Acupuncturist Business Insurance – 3 Practical Benefits

acupuncturist business insurance

All businesses have a fair share of risk exposure. However, when it comes to companies belonging to the alternative medicine industry, such as acupuncture clinics, the risk is doubled. Why? Because acupuncturists tend to get complaints from patients arising from various issues – like malpractice.

As a licensed acupuncturist in practice, you should put a level of protection in place, safeguarding your business and professional reputation. An acupuncturist business insurance can deliver just that.

Here are three benefits of buying insurance for your acupuncture business:

When a patient claims that your treatment program isn’t effective

What if, after several therapy sessions, your client suddenly stops seeing you for the remaining appointments. A message then follows, asking for a refund for a treatment that did not work. Of course, that claim can be tricky and could end up in a court battle. Such a scenario can cause financial strain on your business because of the associated legal fees. However, when you have liability insurance that covers litigation and restitution fees, you should be okay.

Damaged equipment inside your clinic needing repair

Your acupuncture equipment isn’t immune to dilapidation brought about by natural wear and tear. When used every day, they will eventually break down and need some repair or even replacement. An acupuncture treatment table, for example, can cost between USD 300 and USD 2000 to replace. In multiples, these prices could translate to several thousands of money. However, when you have acupuncturist business insurance that specifically covers the equipment from damage, that could help maintain a healthy balance sheet for your business.

Cybercriminal attack your computer system

When a cybercriminal breaks into your system, stealing crucial business information, that could be a heavy burden for you to carry. It is not only about compromising your business information but your clients’ as well. Stolen social security numbers, birthdays, medical records, and more are matters needing serious attention. Your acupuncture business insurance – with cyber protection provisions – can take care of this issue.

Online looking for a reputable acupuncturist business insurance? Contact us today at (800) 838-0383.

Choose Your Acupuncturist Business Insurance Provider Wisely

Latest statistics suggest that there are more and more acupuncturist business insurance providers added to the list of companies in the industry today. The current figures come as no surprise knowing that there are a lot of people seeking the services of acupuncturists these days. They are looking for alternative treatments. But this trend creates some challenges to the acupuncturists themselves. And the reason? Finding a reputable insurance company has become more tricky. Almost all insurance providers claim they are the best one in town.

As an acupuncturist who does not want hard-earned money go down the drain, you should be extra careful when choosing an acupuncturist business insurance provider. Remember, companies are not created equal and here are some of the reasons why:

They do not have the same level of industry experience. Some acupuncturist liability insurance companies have been in business for decades. Some others have been around for about a year or two. It is important to note that experience refines processes. So, it makes sense to pick an insurance provider that has been in business for a long period of time; it is highly likely that their process is more refined.

Not all offer favorable prices. Some charge way higher than the market average, so make sure that you examine the quotations thoroughly. Pay close attention to the details of the package/coverage so that you get what you deserve. One important step to find the best one possible is to compare quotations from different sources i.e. be enthusiastic enough to shop around.

Not all have received industry recognition. Sure, any insurance provider can claim they are the best in the industry. But not all can support their claim with proof of recognition from a third party or organization. Has your prospect received awards from several reputable organization in the industry for their service? If so, they can be a good candidate and are worth-considering.

Not all have received great reviews from clients. Reviews from other acupuncturists are an important factor for choosing an insurance service provider. Not all have received good reviews, so make sure you listen to what others are saying about the quality of their product or service, before deciding which one to choose as your liability insurance provider.

Looking for a reputable acupuncturist business insurance provider? You have come to the right place. Call us today at (800) 838-0383 for inquiries.