NCMIC's Coverage Types
Occurrence Coverage for Chiropractors
With occurrence coverage, your chiropractic insurance policy provides coverage for incidents that occur during the policy year, no matter when the claim is reported. If the event happens during the active policy period, you're protected even if the claim is reported after the policy expires.
Why Choose Occurrence Coverage?
This option is ideal for chiropractors who want lifelong protection for incidents that happen during their coverage period. You won’t need to worry about filing claims during the policy’s active period, as the protection remains in place even after the policy ends.
Key Benefits:
- Coverage for incidents that happen during the active policy year, even if reported after the policy ends.
- Best for practices that want long-term protection without having to manage claims on an ongoing basis.
- Offers maximum peace of mind for chiropractors concerned about future claims.
Claims-Made Coverage for Chiropractors and Naturopaths
A claims-made policy provides coverage for claims that are first made and reported while the policy is in force, provided the incident occurred on or after the applicable retroactive date and before coverage ends.
Why Choose Claims-Made Coverage?
This type of policy helps cover you for incidents that may have occurred in the past, provided they’re reported while your policy is in effect. It’s ideal for practices that want more flexible, cost-effective insurance for their specific needs.
Key Benefits:
- Coverage applies to claims reported during the active policy period.
- Flexible pricing options that can adjust over time.
- Ideal for those with stable, ongoing practices.
Tail Coverage for Chiropractors and Naturopaths
Tail coverage for both chiropractors and naturopaths allows claims to be reported for an unlimited time, as long as the alleged incident occurred after the retroactive date but before the termination of the policy. This is particularly useful when transitioning between policies or after retirement.
Why Choose Tail Coverage?
Tail coverage is often essential for professionals who are retiring, switching insurance providers, or changing to a different type of policy. This ensures that you are still covered for any claims arising from incidents that happened while your policy was active, even after the policy ends.
Key Benefits:
- Extended protection even after the policy expires.
- Ideal for those transitioning out of practice or switching coverage plans.
- Allows reporting of claims for incidents after the retroactive date, no matter when the claim is filed.
Choosing the Right Coverage for Your Practice
Choosing the right malpractice insurance is crucial to ensuring that your practice is fully protected. Whether you're a chiropractor or a naturopath, understanding the differences between claims-made, occurrence, and tail coverage will help you make an informed decision about your insurance needs.
Not sure which coverage is best for you? We’re here to help. Get in touch with NCMIC to learn more about your options, compare coverage types, and get a quote for the protection you need.
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