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Acupuncturist Insurance

Business Insurance for Acupuncturists

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Working as an acupuncturist can lead to a number of risk exposures, including patients suffering an accidental injury, mistakes being made in treatment, an acupuncturist being injured on the job, or a disaster damaging your property. A costly lawsuit or accident could be devastating for acupuncture clincs. It’s a good idea to obtain a broad range of insurance policies to financially protect you from these risks.

What insurance coverage do I need as an acupuncturist?

There are many types of insurance available, but these types of coverage are particularly important for acupuncturists to consider:

Professional Liability Insurance

Professional liability insurance is a crucial coverage for acupuncturists as it provides financial protection if clients sue you for any failures or negligence in your professional services. Since acupuncturists work with needles, there’s a possibility that services may accidentally injure clients. Blood-borne diseases can spread if needles and equipment are not properly sterilized. Although you can decrease the likelihood of claims by enforcing proper procedures and conducting background checks to make sure employees have the correct credentials, there’s still a possibility that a mistake will occur. 

In addition, since acupuncturists work closely with clients’ bodies, there’s a chance that your business could be sued for sexual harassment or misconduct if you or one of your employees acts inappropriately. Even if your business is blameless, a client could still sue based on their belief that they were treated inappropriately. Professional liability insurance can protect you from these types of lawsuits, whether or not your business is at fault.

Example:

General Liability Insurance

General liability insurance covers third-party property damage, bodily injury, personal injury, and advertising injury. This coverage will protect your business if clients accidentally injure themselves on your premises or if you damage someone else’s property. Since acupuncture clinics are frequented by many clients, and acupuncturists may sometimes provide services at other locations, this is a crucial coverage. 

General liability policies also include a personal and advertising injury component, which provides coverage for a number of non-physical injuries, including libel, slander, and copyright infringement.

Examples:

Product Liability Insurance

Many acupuncturists sell creams, ointments, and natural remedies or supplements. It’s important to keep in mind that you could be held liable if your clients suffer property damage or bodily injury caused by the products you sell. If you are sued due to damage or injury your products have caused, product liability insurance can help cover your legal fees and any resulting settlements.

Product liability insurance is typically covered under the products and completed operations portion of a standard commercial general liability policy. Standalone product liability insurance policies are also available for more high-risk businesses.

Example:

Commercial Property Insurance

Commercial property insurance provides protection for the value of your building, tools, equipment, furniture, and other business property. If a fire or storm damages your acupuncture business, it could be difficult to recover. Commercial property insurance can provide funds to replace or repair your business property if it is destroyed or damaged by a covered peril such as fire, explosion, storm, vandalism, and more.

Commercial property insurance covers the following:

Example:

Workers’ Compensation Insurance

Workers’ compensation insurance provides financial and medical benefits for your employees or their dependents in the case of a work-related injury, illness, or death. Acupuncturists’ risks include puncture wounds from working with needles, disease transmission from working with patients, and other common injuries caused by lifting heavy objects or repetitive strain from working with computers.

Workers’ compensation insurance will pay for medical expenses, lost income, and rehabilitation costs for injured employees. Workers’ comp coverage is legally required for companies with employees in most states, and penalties can be severe if you do not have adequate coverage, so it’s important to make sure that you are complying with state laws.

Example:

Commercial Crime Insurance

Commercial crime insurance provides funds to reimburse you for losses caused by theft, robbery, fraud, forgery, burglary, and other crimes. This coverage applies both to crimes committed by outside parties and crimes committed by your own employees. Acupuncturists may accept cash payments, which means that there may be a higher risk of theft by employees or third parties. Commercial crime insurance can give you financial protection if theft occurs.

Example:

Additional Coverages

Pricing and Quotes

Pricing for business insurance will vary based on the type of insurance coverage and the risk profile of your business. Insurers consider factors such as:

Businesses with higher risks will have higher premiums than those deemed lower risk. For example, an acupuncture clinic with a history of frequent claims will face higher premiums. Premiums also rise as you increase the limits of insurance. Different insurance companies have different models for rating risks, so it is worth comparing pricing across different insurers.

In order to get an accurate estimate on pricing, it’s best to get a quote from a reputable insurance company. Below we’ve highlighted a few of our trusted partners who offer coverage for acupuncture businesses:

ProviderGeneral LiabilityProfessional LiabilityBusiness Owner's Policy
Embroker??????
CoverageSmith??????
CoverWallet??????
Hiscox??????
Thimble??????

Final Word

Operating an acupuncture business can expose you to a number of potential liabilities, from accidental property damage or injury to client lawsuits. It’s important to prepare yourself and your business for these possibilities by obtaining a wide range of insurance policies. Ensuring that your company has appropriate coverage allows you to feel safe in the knowledge that if an incident occurs, your company will have financial protection.

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