Letter from Our President

When we opened our doors in 1946 as National Chiropractic Insurance Company, we had one mission and one mission only: to provide chiropractors with malpractice insurance. Over the years, it became clear that to truly support our customers, we needed to offer additional products and services to help doctors do more. Frankly, we want to help all DCs do better, whether NCMIC is their insurer, or not. As the profession grows, assuming its rightful position, and the public comes to understand how chiropractic can improve their health in ways they don’t yet know, all DCs will win. Serving our stakeholders shows “We Take Care of Our Own®,” every day.

These are a few of the things we do to help move the profession forward.

Starting Into Practice®

We are fortunate to have a number of excellent schools that teach students to be successful Doctors of Chiropractic. In 2019 the Starting Into Practice program was expanded to support the 2,500 students graduating from chiropractic colleges each year. This free program brings together conversation, actionable information, campus ambassadors, and advisors to prepare students for a successful career after graduation.

Strengthening the Profession

Did you know that our Corporate Relations team is on the road year-round to support the profession? We spend a lot of time on campuses and in classrooms giving students information that will help them succeed after they graduate. This is such a high priority we’ve added a new team member to expand our capacity in 2020. We are busy off campus as well. Our Speakers Bureau is available to present to associations, trade events and on campuses. The roster of speakers includes DCs and other professionals who are experts in a variety of topics of interest to both the profession and the communities where we live and work.

Helping You Do More

When we were founded 74 years ago, our sole focus was providing DCs with malpractice insurance. As the profession grew, it became clear we could strengthen our support by thinking holistically of the needs of a DC over his or her lifetime. This led us to develop products and services to empower a successful career. The NCMIC family of companies now offer business insurance, long term disability insurance, equipment financing, working capital loans, a business credit card and merchant processing to help you do more, with fewer touchpoints – all provided by an organization you know and trust to have your back.

Investing in Leadership

Our seasoned leadership team brings valuable experience at every level of the business. With their guiding voices, we are positioned to do more, and do better, for our most important partners: you. This includes attracting and retaining top talent, and creating a diverse and inclusive workforce that reflects the people we serve.

Our People are Everything

Of course being recognized as one of Des Moines’s top places to work is an honor, but more importantly, it is indicative of the pride our employees feel being part of something special – working with and for you. When people feel respected and appreciated, and know they’re doing good work for a mission they believe in, “work” means more than just a paycheck, and it shows.

I can state with confidence that everyone at NCMIC is working hard to continue to provide you with the protection and resources you need to go confidently into the new decade. We strive to improve our products and services to help you do more, in your practice and in your life, and that will continue, year after year, because your success is our focus.

On behalf of myself, the board, and the employees of NCMIC, thank you for allowing us to serve you.

  • Dividend Icon

    $151.7M

    dividends paid to date
  • Calendar Icon

    24

    consecutive years
  • policyholder icon

    40,691

    DC policyholders
  • retention icon

    93.4%

    DC policyholder retention
  • A.M. Best icon

    Excellent

    A.M. Best rating

The Dividend is a Team Effort

This March will mark the 24th consecutive year we have mailed dividend checks to our DC malpractice insurance policyholders. The dividend is possible because the NCMIC family, including the board, leadership and employees of NCMIC, and you, our policyholders, work together for our mutual success. 

How does it happen?

  • The North Star for all of us is our motto “We Take Care of Our Own. ” Whether our employees focus on accounting or claims or marketing, these words guide our actions each day as we go about serving our policyholders. 
  • NCMIC applies thoughtful, conservative management at all levels – from our investments, to our claims management, to our compliance department, and our leadership team – as we navigate through an unpredictable world, we do this as part of our mission to help our DCs do more. 
  • The NCMIC board of directors, many of whom are chiropractors, set policies that allow us to manage challenges and support opportunities which allow us to strengthen and grow. 
  • And our policyholders, who strive to improve the delivery of care to their patients, while working thoughtfully to develop processes and maintain protocols that help mitigate risk.
  • No other chiropractic malpractice insurance company offers a dividend, but NCMIC works very closely with its policyholders at all points of their journey to give them the knowledge they need to have a healthy, successful practice. 

The NCMIC Foundation is About You, Too

As we begin a new year and a new decade, we are excited to announce we are updating the Foundation website. We will share stories about the people and work that the Foundation funds. You’ll hear about important research programs that strengthen the profession, and you’ll meet some of the bright young DCs furthering their careers by pursuing PhD degrees funded by the NCMIC Foundation. There has been significant progress in the 17 years since the Foundation was formed. 

We will take a look back to see how far we – the chiropractic profession – have come in the last 74 years and how research has been vital to that growth. As a group, we are aware that research is the key to advancing the chiropractic profession, as it enables us to respond to questions including “Where is the research that supports your assertions?” That’s why each year we ask you to consider returning your dividend to the Foundation to continue this important work, and thank those who have donated to the Foundation in the past.

Together we are making a tremendous difference. Thanks for all that you do.
 

We Take Care of Our Own is a registered service mark of NCMIC Group, Inc., and NCMIC Risk Retention Group, Inc.

Rating is for NCMIC Insurance Company. A.M. Best ratings range from A++ to S. For more information, visit www.ambest.com.

Premium dividends are not guaranteed. MilesAway is a registered trademark of NCMIC Finance Corporation.

The percentage increases are derived from a year to year comparison.