Tag Archives: insurance for acupuncture businesses

Some Instances Where Insurance For Acupuncture Businesses Is Helpful

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.

Insurance For Acupuncture Businesses – More Than General Liability Insurance

When we talk about insurance for acupuncture businesses, we often associate it with general liability insurance – an insurance that protects you and your business from “general” claims covering issues like bodily injuries. However, there are other types of coverage for acupuncture businesses that many are still not aware of.

In this post, we are going to tackle some other types of insurance for acupuncture businesses that you may want to consider getting for your practice.

Business property coverage – It protects your acupuncture clinic or building’s physical structure in case you face certain covered losses, including damages from natural calamity and fire. You can also get covered in case your building is affected by structural damage – and even vandalism. Furthermore, the Small Business Administration says that your business property insurance can cover the contents of your office or clinic, which include items like computers, treatment tables, equipment, and more.

Business interruption coverage – This is another type of coverage those who are shopping for insurance for acupuncture businesses may want to consider getting. It helps replace your business income in case your clinic has to stop operation for a time resulting from a natural disaster or other unplanned, covered events. The coverage is computed based on your past profit documentation.

In case you become incapacitated, a business interruption coverage can also offer income replacement.

It is crucial to underscore that you have the option to evaluate this and other business insurance coverage on an annual basis.

Data compromise coverage – A type of coverage that is even more relevant these days where more and more businesses are going for digitization. Like any other type of business, an acupuncturist uses a computer’s digital storage to keep patient names and other information that one can categorize as confidential – e.g. health records, financial information, and contact details. If it happens, for some reason, your patients’ data are compromised, you can have some insurance protection. Data compromise coverage for acupuncture businesses may help you pay for the expenses related to data recovery, patient notification, and providing credit-monitoring services.

Are you looking for a reputable company that offers different options on insurance for acupuncture businesses? Contact American Acupuncture Council today at (800) 838-0383.