Acupuncture Insurance New York
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Frequently Asked Questions About
Commercial General Liability Insurance
How much does commercial insurance cost?
Costs can vary widely based on industry and are also determined by zip code and often payroll and/or gross sales. Request a free quote to get an exact number.
What kind of business insurance do I need?
Most business owners need General Liability Insurance at the very least. If you have any non-owner employees, you will need workers compensation insurance too.
What is a Certificate of Insurance?
A Certificate of Insurance is proof of coverage. It lists the type and amount of liability coverage you have and other policy information when a third party requests it.
Is business insurance tax deductible?
Yes. you can deduct the cost of commercial insurance premiums. The IRS considers insurance a cost of doing business as long it benefits the business & serves a business purpose.
Acupuncture Insurance New York
Acupuncture Insurance New York. If you own a thriving acupuncture business or if you're just starting out and have opened up a small shop, it's important that you insure your business to the fullest to protect the business and your personal finances from the fallout of any potential litigation.
Acupuncture is an ancient art that involves the insertion of needles by a trained acupuncturist into particular pressure points throughout the body. Acupuncture offers a variety of different benefits for the body, but it involves heightened risk due to the needle insertion. Litigation in the acupuncture genre is becoming more common, likely due to the widespread number of practitioners offering the service. Whether you work for a spa or have your own business, protecting yourself with a acupuncture insurance New York policy is paramount to keeping your business afloat in the event of a claim.
Acupuncture insurance New York protects your business from lawsuits with rates as low as $67/mo. Get a fast quote and your certificate of insurance now.
Why Do You Need Acupuncture Insurance?
Although acupuncture is mainly focused around healing people, as an acupuncturist or the proprietor of acupuncture practice, you should never brush thoughts of accidents occurring to the back of your mind. As a practitioner offering services to people in the public at large, you have a great risk for liability. This is doubly true when you work with the needles that are used during acupuncture services.
For example, your patient may suddenly shift on the table and fall off, leaving you accused of being negligent. You may find yourself in court facing negligence charges. With the right level of acupuncture insurance New York in place, then you can be assured that your personal financial assets are protected, and you can also defend your reputation. This insurance deals with these sorts of business risks.
Malpractice Insurance and Your Business
Health professionals of all types, including acupuncture professionals, require professional acupuncture insurance New York liability coverage. This coverage protects you against the inherent risks that accompany your particular field. For example, if a client claims an injury occurred at your hands or that you did not exercise the amount of diligence you should in order to keep him from harm, you can be held liable and face stiff penalties and monetary awards. Even if the suit brought against you isn't a valid one, you still have to pay for an attorney to defend you, and legal costs are not cheap. With this coverage in place, all of that's taken care of for you.
Even if you work for an acupuncture clinic where your employer carries this insurance, keep in mind that policies have limits. If you are personally named in a lawsuit or claim, the company may even decline coverage, leaving you holding the proverbial bag. This means you're responsible for any settlement awards, court costs, and legal fees. If the employer's policy covers you, it probably only provides a specific set amount of money for claims, and it may not be enough. Having personal liability insurance, even if you work in a group, means that you get the peace of mind that comes from knowing you're protected, giving you more energy to focus on pleasing your clients.
Liability Insurance Types to Think About
A commercial insurance agent can help you craft a acupuncture insurance New York policy that is just right for your needs, based on the risks that you face. The policy usually begins with a solid foundation made from a general liability policy. This basic insurance is essential for all practicing acupuncturists and most businesses. It protects your business in the event of lawsuits or accidental injuries and property damage.
You can also select several different types of insurance that are focused on specific risks. Some of the most popular for acupuncture businesses include:
- Products liability: If you use products that may irritate the patient or cause pain, then you may be held liable for any medical expenses the person has as a result. For instance, if the patient has overly sensitive skin, and you use an ointment on the skin that results in a rash, the resulting doctor bill and any other expenses may be forwarded your way.
- Premises liability: For times when you visit patients at home or when patients come to you in your office, this protection provides you with peace of mind that any accidents or property damage resulting from your interaction are not your financial responsibility.
- Errors and omissions. If you give advice for treatment and the treatment is unsatisfactory, this type of policy can be advantageous for any claims filed as a result.
There are several other types of acupuncture insurance New York that may be essential for your particular business model. A business owner's policy, or BOP policy, can combine property coverage, general liability, and other policy riders you choose.
Commercial insurance for your vehicle (business auto) is also a consideration. If you use a personal vehicle to make home visits, then your auto policy is not sufficient. A commercial auto policy is a must in this situation.
All businesses have their own unique needs. Work with your commercial agent to find the right company for your insurance and the right rate for your budget.
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