What to Look for in an Insurance Company

Choose a malpractice insurance company that is financially stable with experience and committed to the profession.

Insurance

What to Look for in an Insurance Company

When choosing a malpractice insurance plan, it's important to remember that the insurance company behind the plan is as important as the benefits and features of the plan.


Evaluate the following when comparing malpractice insurance providers:

Chiropractic Experience and Focus

It's important to consider how long the company has offered chiropractic malpractice insurance. Some malpractice insurance providers tout their experience, but chiropractic is simply a sideline. They may even have "medical" as part of their name, raising the question of whether chiropractic is really their priority. Others are simply brokers and how chiropractors are treated is at the discretion of the company that actually provides the coverage. 

Financial Stability

It’s critical that the insurance company you choose has the resources to provide you with expert legal counsel throughout litigation. A good way to check on this is to assess a company’s financial position, including their A.M. Best rating for financial stability.

Ask to see a copy of its annual report or annual summary and check on complaints or problems through your state insurance department.

Support of the Chiropractic Profession

Look for companies that support chiropractic research and education programs, take an active role in state and national professional organizations, support the chiropractic colleges, and are knowledgeable about chiropractic issues facing the profession today and tomorrow. Wouldn't you want to support a company that supports you?

Personalized Service in One Location

Ask each insurance company you’re considering where you would call with questions about billing, policy features or a claim. It would be more convenient if you only have to call one place for all questions.

Also, find out who answers your questions. Is it a team who specializes in chiropractic?

Learn more about NCMIC's Malpractice Insurance Plan, as well as our commitment to the profession.


The information in the NCMIC Learning Center is offered solely for general information and educational purposes. It is not offered as, nor does it represent, legal or professional advice. Neither does this information constitute a guideline, practice parameter or standard of care. You should not act or rely upon this information without seeking the advice of an attorney familiar with the specific legal requirements of the state(s) in which you practice. If there is a discrepancy between the site and an insurance policy you have with NCMIC, the policy will prevail.

Industry Analyst A.M. Best's ratings range from A++ to S. See www.ambest.com.