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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.
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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.
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Choosing a location is about more than just the price or the size of the space. Take a look around and consider what patients and prospects will see before they even enter your practice.
Being a business person doesn't mean you'll go it alone.You'll need a team of professionals who will provide advice for decisions outside your area of expertise. Read on for three steps on how today's chiropractic students can begin preparing for their life post school. From deciding where to live and practice to understanding credit scores to building a business plan, those suggestions were designed to begin the planning process.
Once you've narrowed your location choices to a handful of possibilities, it's time to perform a SWOT analysis. Simply put, a SWOT analysis is a more thorough version of listing advantages and disadvantages.
A demographic study is a compilation of data used to develop a business plan and assess the feasibility of a location. In the business world, such a study is a necessity - can you imagine McDonalds® building a franchise without first analyzing the neighborhood to ascertain if the franchise could turn a profit?
Before you narrow the number of location possibilities in your search, you need to ask yourself some tough questions and answer them honestly to determine just what kind of practice you really want to establish. Your success depends largely upon your ability to set up the kind of practice that complements your personality, work habits and goals.
You've found what you think is the “ideal” location to establish your new chiropractic practice. It's located in a thriving community that's friendly toward alternative healthcare. The site you've selected sits in a well-known historic building with high traffic and convenient parking. And because the landlord wants to fill the offices, he's willing to give you a discounted lease rate for the first couple years.
Perhaps your dream is to return to your childhood home. Maybe you have a spouse or significant other with work or family ties to the city where your school is located, so that will become the home for your practice. Either way, you need to complete a demographic study to help you make some important decisions.
A while back, Dr. Erin Palmer Combs provided some tips to D.C.s about naming their practice. As a relatively new D.C., she had a good perspective on the issues other new D.C.s might face. The ideas are still valuable for anyone preparing to start into practice or someone who may be making a move. Here's what Dr. Combs had to say:
A common question I hear from many D.C.s is whether it really makes a difference where they choose to practice. My answer is that this is extremely important.
I love getting questions from students, especially about specific business decisions we make while starting into practice. This was a wonderful question and an important consideration when searching for your new chiropractic office space:
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.