In today’s market, the choice of a malpractice carrier should reside on more than just price. DCs should evaluate a variety of factors when choosing a malpractice carrier, as it is one of the most important practice decisions. Some of the questions that should be asked include:

  • What is the financial stability of the carrier? (Information from your state insurance department and AM Best are good tools to use.)
  • Is the carrier licensed in my state? (This is known as an “admitted carrier,” and can have serious implications in the long run. You may not be protected by your state insurance guarantee fund if it is not an admitted carrier.)
  • What is the carrier’s longevity in the malpractice market?
  • What is the carrier’s policy coverage and exclusions?
  • What is the carrier’s price?

Because of the instability of the market today, it is more important than ever to be aware of the company that insures you, including the company’s financial stability and whether it is an admitted carrier in the state in which you practice. If you choose insurance with a broker, look carefully at the insurance company they are insured with and confirm how they are rated. The insurance company is ultimately expected to protect you in the event of a claim. Some underwriters are more highly rated and therefore much more stable than others.

Chiropractic Malpractice Insurance

NCMIC : | www.ncmic.com

Over 35,000 doctors of chiropractic rely on NCMIC for their malpractice coverage. In fact, NCMIC has been protecting doctors of chiropractic since 1946, as the original provider of malpractice insurance for chiropractors. And as a company founded by chiropractors for chiropractors, we have a unique viewpoint: yours. NCMIC offers more than comprehensive, innovative coverage at competitive rates … we offer solutions to help you build and maintain a successful practice.

CBS Malpractice: | www.cbsmalpractice.com

As chiropractic takes its rightful place at the forefront of health care, its practitioners are being viewed as more desirable targets for patients and their attorneys. Professional liability insurance is no longer an option — it is essential for every doctor of chiropractic in practice in this country.

ChiroSecure: | www.chirosecure.com

After careful evaluation of various insurance programs, the International Chiropractors Association (ICA) helped create a program that meets their high standards and Subluxation Based philosophy – the ChiroSecure Professional Liability Insurance Program, which is underwritten through ACE (Formerly CIGNA) Ratings A (Superior) – A.M. Best, A+ – Standard and Poors.

OUM Chiropractor Program: | www.oumchiropractor.com

With OUM Chiropractor Program, you get more than just a malpractice insurance policy. Being insured by OUM is like having a silent partner in your practice a third party who’s there to help safeguard your future. Our commitment to chiropractors is the same today as it was when we began business more than 20 years ago: to diligently protect and defend our policyholders against malpractice claims even if charges are groundless, false or fraudulent while providing unparalleled client service.

Malpractice Insurance Requirements for D.C.s

Federation of Chiropractic Licensing Boards: | www.fclb.org/malpractice.htm

Federation of Chiropractic Licensing Boards: Malpractice Insurance Requirements for D.C.s