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This coverage helps protect you and your personal assets, your practice and your patients. It compensates for damages, loss or injury suffered by the patient, as well as legal defense costs. Since 1946, D.C.s have recognized NCMIC as the malpractice leader. Today more D.C.s rely on NCMIC’s Malpractice Insurance Plan than all other chiropractic malpractice insurance companies combined.
NCMIC wants to make sure you have the insurance you need for your business and personal life. Whether you need business owners', workers’ compensation, EPLI, data breach/cyber liability, auto, homeowners or long term disability insurance, NCMIC can help you find the right coverage at the right price.
Are you adding or upgrading practice equipment? Would you like to save money on credit card processing? Do you need working capital cash or a no annual fee business card that pays you back? NCMIC Finance Corporation can help you achieve your financial goals.
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At NCMIC, we believe that supporting the chiropractic profession is an important part of our heritage. No other insurance provider has provided more support for the profession than NCMIC.
In the past 5 years, NCMIC has attended more than 1,000 chiropractic events including college homecomings, seminars and state/national association conventions. We also offer business training and malpractice risk management seminars and resources to D.C.s as a complement to the education provided by the chiropractic colleges.
For account information on products not listed above, Contact Us by email or at 800-769-2000, ext. 4200
For D.C.s just starting out, or well-established doctors looking to expand, asking the right questions and choosing the right equipment financing can make a big difference when it comes to budgets, balance sheets, and the bottom line. Where you get your financing will matter just as much as the financing option you choose.
Too often, we speak to D.C.s who find out they're locked into financing contracts through banks, vendor-sponsored programs or private finance companies that have unfavorable terms. Coming equipped with the right questions will help you avoid a similar situation.
You are ready to buy new equipment, and now you're looking at how to finance it. What type of loan are you going to get? That's up to you as well as where you apply for a loan. And, the “where” matters more than you might think.
Many doctors give special consideration to purchasing and financing equipment as the end of the year approaches. There are a variety of reasons for this, but the response we'll typically hear is it gives them the opportunity to take advantage of tax benefits associated with Section 179 of the Tax Code.
One of your most important assets could be your credit score. It could also be your biggest liability. That's because it can determine your eligibility for credit, the interest rate you pay to finance a new practice, car or home, and may even affect your ability to get hired as an associate. More employers - including hiring Doctors of Chiropractic - are checking the credit scores of potential employees.
If you are opening a practice or financing an expansion, you're likely working through the financing opportunities and the various terms – or vocabulary – that come with it. Here are some of the basic terms to understand when securing a loan.
With all of changes taking place in financial services, it's important to find a bank or financing source that understands your practice and your needs. Typically, bankers are looking for long-term relationships, just like you look for in practice. Your main goal, like so many other aspects of running a practice, is to find a good match.
Lenders want as much assurance as possible that money they lend will be repaid. As a result, when you borrow money, lenders will likely require you to have an equity investment and may require a co-signer on the loan.
Most doctors of chiropractic think of banks for the financing needs of their practices. Unfortunately, many banks aren't able to meet the needs of the small chiropractic practice. Plus, they may be reluctant to loan money to professionals with higher debt levels, such as new graduates with student loans.
When buying, financing or renting a facility, there are many options available and many challenges for a doctor of chiropractic to overcome. Understanding the financing tools available is a critical starting point.
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.