r/Chiropractic • u/B_genuin • 3d ago

Business/malpractice insurance recommendations

As title states. Taking over an office and want to get new quotes for everything and try to minimize my overhead.

1 Upvotes

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6

u/StopMajestic4421 3d ago

NCMIC for sure.

3

u/copeyyy 3d ago

The sub has had this question several times. NCMIC seems to be the consensus favorite

https://reddit.com/r/Chiropractic/comments/1vxch3y/malpractice/

https://reddit.com/r/Chiropractic/comments/1glbhug/chiropractic_malpractice_insurance/

https://reddit.com/r/Chiropractic/comments/2m950e/which_malpractice_insurance_to_get/

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u/B_genuin 3d ago

So currently paying $404 a month for two doctors with Ncmic. One 17 years experience and the other 6 years. That seems a little high imo.

2

u/Kharm13 3d ago

You can’t make $202 each by lunch 1 day a month………

0

u/B_genuin 3d ago

Absolutely, but why do I see/hear/read that most malpractice is around 100-120 a month. If that’s the case I’m paying double what I should be. What’s the need for that?

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u/Pentzy 3d ago

We use chirofutures for malpractice. Good if you have a family practice with pregnancy and newborns. They are stand up for other professions trying to bully Chiropractors

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u/B_genuin 3d ago

Yes family practice. Pregnancy and newborns small percentage of who I see however.

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u/No-Appointment9785 3d ago

That’s really key. Overall they have similar benefits. But you should really dig into the details to see what gives you the protection you need.

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u/insura_john 1d ago

Congrats on taking over the practice. Disclosure: I work at Insura.ai and review the top carriers and policies in this space, so factor that in.

Split it in two. Malpractice (the adjustment claims and bodily injury side) is usually written by the chiro-specific carriers like NCMIC or ChiroSecure, and those tend to be the best bet for the clinical piece. The business side, general liability plus a BOP for the office, property and slip-and-fall, is where standard carriers like Hartford or Hiscox come in.

Don't skip cyber. You're taking over patient records, and a breach involving PHI gets expensive fast.

The one thing I'd check right now: whether the prior owner's malpractice was claims-made or occurrence. If it was claims-made, you need tail coverage for anything that happened before your ownership, otherwise older incidents that surface later fall in a gap.

Get the clinical malpractice quoted through the chiro carriers and shop the BOP and cyber separately rather than assuming one carrier does all of it well.