ChiroSecure is a chiropractic malpractice insurance agency that helps chiropractors around the world find comprehensive and affordable coverage.
If you’re coming out of school, looking for chiropractic malpractice insurance is probably the last thing on your list of priorities, but it’s a necessity.
We’d venture to say that many chiropractors spend more time picking out the lighting in their office than shopping for the best chiropractic malpractice insurance.
Then to compound the issue, most docs never really revisit their coverage throughout their career.
Choosing the right chiropractic malpractice insurance is an important part of creating a durable business.
As the saying goes – you’ll care about your insurance when you need to use it!
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ChiroSecure: Chiropractic Malpractice Insurance
Malpractice insurance is not only required but critical.
Throughout your career as a chiropractor, you’ll potentially encounter tens of thousands of patients and deliver hundreds of thousands (if not millions) of adjustments.
Even if you do everything correctly throughout your care and treatment, mistakes can happen.
In many cases, a “mistake” might not even have occurred, but the perception of a mistake is enough to cause an issue.
Perception is reality.
If you ever need to work through a malpractice claim, it’s essential to have a team behind you that is experienced, trustworthy, and practical in their approach.
You don’t want to use a company that “moonlights” in chiropractic malpractice.
Insurance companies of all types and kinds can write policies for malpractice.
But just like we hope you wouldn’t want an adjustment from someone who’s not a chiropractor, you shouldn’t get your malpractice insurance from a company that doesn’t specialize.
Over 20 years ago, Dr. Stuart Hoffman founded ChiroSecure to help chiropractors with malpractice coverage.
During that time, ChiroSecure provided coverage for thousands of chiropractors, and Stu has taught at hundreds of conferences worldwide.
The ChiroSecure Difference
One of their keys to success is that ChiroSecure can craft the policy to the specific needs of the chiropractor.
By creating custom quotes and personalized policies, you can get the most comprehensive coverage and the lowest cost.
One size fits all policies tend to have gaps and can cost more due to policy bloat.
By discovering how you practice, the ChiroSecure team can provide you with quotes tailored to your unique circumstances.
When we began looking into coverage for our practices, we were able to work directly with a member of the ChiroSecure team to describe the unique aspects of our services and then create a policy that was a perfect balance of affordable and comprehensive.
Malpractice coverage is essential, but have you thought about risk management at all?
Risk management is more critical than ever as we transition to a digital healthcare landscape.
If you have questions, it’s essential to have a risk management team that can help provide you with guidance and advice to minimize your exposure.
Having a team who can answer questions and proactively address any concerns you may have is critical.
For example, you may be curious about the difference between a “claims made” policy and a “tail coverage” policy.
What happens if a claim is made after your policy has lapsed?
While it may not be something you want to think of right now, you must understand the difference to make the best decision for yourself moving forward.
Claims Made Insurance Policies
What They Are
Claims-made policies protect you based on when the incident occurred and when it was reported.
The claims made policy would need to cover both dates to be valid.
So, if you had a claims made policy that expired on May 1st and a claim was made on May 15th (with the incidence happening on April 15th), you’d be in a tough spot and likely without coverage.
Tail Coverage Insurance Policies
What They Are
Tail coverage policies protect claims that are made during and after the policy has expired or was canceled.
Tail coverage is generally considered more comprehensive because of the protection it offers after the policy’s expiration.
Tail coverage policies tend to cost a bit more money but provide more coverage and peace of mind.
The cheapest coverage is not always the best.
Nor is the most expensive always the best.
The best coverage for you depends on several factors, your risk tolerance and your desired level of coverage.
Understanding the difference between the policies, your practice situation, location, and hours per week of inpatient care is part of the underwriting process.
The team at ChiroSecure will send you an easy-to-fill-out application that obtains the most important information about you and your practice.
From there, they may have additional questions, or if your practice situation is straightforward, they will send back a quote.
We’ve found their team extremely prompt, professional, and prepared each time we’ve called with a question.
At The Smart Chiropractor, we’ve been in discussions with the leadership team at ChiroSecure regarding eCommerce, memberships, and the evolution of healthcare.
Note: Our team at The Smart Chiropractor are not experts in insurance coverage.
This article is educational only, and all insurance decisions should be made with your insurance provider and attorney.
While your own decision regarding chiropractic malpractice coverage insurance is personal, we can say that our team has been highly impressed with the knowledge and expertise of the team at ChiroSecure.
Each state and country have different requirements regarding the minimum policy limits you’ll need to get licensed.
Some states may have policy limits as low as $100,000/$300,000, while others may require a minimum of $1,000,000/$3,000,000.
Additionally, the location of your practice will also affect the coverage recommendations and policy cost.
While no doctor ever wants to encounter a malpractice claim, you must have the coverage you need to protect yourself if a claim is made.
By working with a team focused specifically on chiropractic malpractice insurance coverage, you’ll have the best ability to defend yourself and make the most appropriate decisions to ensure you, your family, and your practice can move forward.
If you have questions about ChiroSecure, you can reach out to one of their representatives here.