What does the policy cost?

When looking at price, there are several things to consider. It is important to look at the value you will receive for your policy dollar.

When it comes to protecting your reputation, you don't want to cut corners. It's vital to have a knowledgeable, experienced company fighting for you. Moreover, it's important that you receive excellent service whether you're calling about a payment, policy details, a claim, or for advice about a troubling situation.

Protecting your good name

The value of your malpractice coverage becomes apparent if you become subject to a malpractice claim. Because the chiropractic profession is unique, it's important that your legal counsel and claims representatives understand chiropractic and are experienced in putting together a chiropractic defense. When your reputation is on the line, you want the best representation and coverage possible.

NCMIC Malpractice Insurance Plan Discounts*

1st Year License 75% D.C.s licensed for the first time within 18 months of graduation who sign up for NCMIC's plan within 1 year of their original licensure date.
2nd Year License 40% D.C.s licensed within 30 months of graduation who sign up for NCMIC's plan within 2 years of their original licensure date.
3rd Year License 25% D.C.s licensed within 42 months of graduation who sign up for NCMIC's plan within 3 years of their original licensure date.
4th Year License 15% D.C.s licensed within 54 months of graduation who sign up for NCMIC's plan within 4 years of their original licensure date.
Risk Management 5% D.C.s who complete NCMIC-approved risk management seminars. The discount will apply for 3 years.
Claims-free 3%-20% D.C.s covered by NCMIC for at least 3 consecutive years who have not had a claim filed against them. (Also available to D.C.s who have been claims free with another carrier.)

*Policyholder discounts may be different in NY and NJ. Part-time discounts available. Please call for details.

With the NCMIC policy, full-time D.C.s get a yearly 5% Risk Management discount for three consecutive policy years for attending a qualified seminar. Seminar discounts earned up to 30 days after the policy renewal date will apply immediately; those earned 30+ days after the renewal date will apply at the next policy renewal date. Part-time D.C.s are eligible to receive half this discount.

There is no substitute for experience

It's important to look for experience defending chiropractors and in-depth expertise on the subject of chiropractic malpractice. The support of a professional claims staff means you may be able to receive guidance even before you face a claim.

In addition, your coverage will provide a better value if it includes broad scope of practice coverage, a true consent-to-settle provision, and supplemental coverages such as professional discipline and other governmental proceedings at no additional charge.

On-going customer service support is vital

One of the things you're paying for in a malpractice policy is service. It can make your life easier to call one place whether you're calling about your policy, a claim or simply have general questions.

Some companies outsource their services to large medical organizations, meaning you don't get the expert, personalized service you deserve. Instead, look for a company that puts an emphasis on treating policyholders with the utmost respect.

Another helpful feature is the ability to go online to manage your policy. It is nice to be able to make payments, access forms and get the information you need when it's convenient for you.

©2015, NCMIC Insurance Company, Clive, Iowa. The NCMIC family of companies provides professional liability insurance and financial services to health care professionals. All rights reserved. No part of this book may be reproduced in any form or by any means, including photocopying, or utilized by any information storage and retrieval system without written permission from the copyright owner. We Take Care of Our Own is a registered service mark of NCMIC Group, Inc. and NCMIC Risk Retention Group, Inc.