A Variety of Coverages for a Variety of Needs
Along with malpractice insurance tailored to doctors of chiropractic and naturopathic physicians, there are other insurance options that may provide important protection for you and your practice. Contact one of our agents to talk about our other financial and insurance products and services today.
Business Auto
If your vehicle is registered in the name of your practice, you may need a business auto policy. Related liability coverage may also protect the business entity, such as an LLC or corporation, and cover employees when applicable under licensed professional oversight. Business auto policies also protect you and your business if you are involved in an accident while working.
How your car is used, how it's titled, and how it's insured are all important considerations in determining if you’re able to provide at-home services or if you’ll be covered while running errands. This coverage includes bodily injury liability as well as physical damage coverage.
Hired and Non-Owned Auto Liability
This product provides liability coverage for auto exposures not owned by you while used for company business. “Hired” means the vehicle is rented, leased, hired, or borrowed for company business. “Non-Owned” generally describes an employee using their personally owned vehicle that is not owned, leased, hired, rented or borrowed by the named insured for company business.
Employee Dishonesty
This policy provides coverage in case of employee theft of money, securities and/or property.
Surety Bond
A surety bond is required by the Centers for Medicare & Medicaid for all suppliers of Durable Medical Equipment, Prosthetics, Orthotics and Supplies (DMEPOS). A surety bond guarantees the performance of a specific obligation.
ERISA
If you offer a 401k or other type of retirement benefit to your employees, an endorsement may be added to your business owners' insurance policy or, for higher limits, you may need an ERISA bond.
Flood
Floods can happen in every state, and just a few inches of water can result in significant damage to your practice. Your business insurance policy does not cover flood damage. However, flood coverage is available as a separate policy.
Earthquake
Earthquakes are not always covered under a standard Business Owner’s Policy but can usually be added by endorsement.
Employee Benefits
Insurance coverage is available to employers for errors or omissions in the administration of an employee benefit program. This may include failure to advise employees of benefit programs.