Here is the thing about running a business: It carries several risks. An acupuncture business is not an exception to this basic fact.
As an acupuncturist running your clinic, you are familiar with ways a patient’s health can get out of whack. But as a business owner, the idea that your clinic is vulnerable, too, might not have crossed your mind yet. In this post, we are answering some crucial questions regarding acupuncturist liability insurance.
Why do I need acupuncturist insurance?
Two main reasons:
- Because all businesses carry risks – from natural disasters, fire, burglary, damage to equipment, which can happen without warning
- Because your business involves treating lives – no matter how expert in this field you are, mistakes can still happen, and they can cause injuries to varying degrees, even death
Indeed, no matter how small your acupuncture business is, you should protect it, and an acupuncturist liability insurance gives just that. With this, you can sleep well at night, knowing that your professional reputation and business are both protected.
What does acupuncture insurance cover?
- Reputable acupuncture insurance can provide various types of coverage, including:
General liability – covers issues like an accident inside your facility that causes injuries
- Business and property – for business risks like fire, typhoon, theft
- Professional liability coverage – takes care of damages like those awarded in a lawsuit
How much does it cost to buy acupuncture insurance?
Acupuncture insurance premiums vary from one provider to another. But as a general idea, you can expect to pay a couple of thousands per year for a small practice, and it gets higher if you have several clinics catering to more acupuncturists and patients. Please note that, for you to get better deals, take the time to shop around and compare different insurance companies.
Online looking for a reputable company that offers acupuncturist liability insurance? Contact American Acupuncture Council today at (800) 838-0383.