Insurance for acupuncture practitioners
For thousands of years, people have used acupuncture as an alternative medicine to relieve chronic pain such as arthritis or existing injuries. Increasingly, acupuncturists have used acupuncture to aid the treatment of other conditions too, such as anxiety, infertility and asthma.
As an acupuncturist, you know how important it is to be extremely accurate with your treatments – both in the physical treatment and in professional recommendations. There’s always a risk that an incident or allegation could happen beyond your control – even if you do everything to protect the well-being of your clients. That’s why it’s essential to protect yourself, your clients, and your business with an insurance package.
If you’re looking to safeguard your acupuncture business, you’ve found the right place. At Zensurance, we’ve helped more than 100,000 practitioners protect their businesses with policies designed to cover their unique needs.
What is acupuncture insurance?
Acupuncture insurance provides financial coverage for clinics and individual acupuncturists against the risks that could occur within the business environment. It is designed to cover loss or damage to personal property, and product and liability-related events that cause third-party injury or property damage.
What does it cover?
Acupuncture insurance includes several insurance policies to provide the full coverage acupuncturists require. Acupuncture insurance will typically include the following coverages:
- Malpractice Insurance: Also known as professional liability insurance, acupuncture malpractice insurance provides coverage for allegations of misconduct, negligence, or failure to deliver a service as advertised. If a client feels you misdiagnosed their ailment or the acupuncture treatment was ineffective, they could sue you. Malpractice insurance may cover the costs for the lawsuit and any other related fees.
- Commercial General Liability (CGL) Insurance: CGL provides you with coverage against the common risks that could be encountered while running a business, such as a third-party bodily injury or property damage. For example, suppose a customer slipped on an icy patch on the doorstep of your clinic, is injured, and sues you. In that case, a CGL policy could cover your customer’s medical fees and your legal expenses, regardless of the lawsuit’s outcome.
- Product Liability Insurance: Product liability coverage protects your business against claims alleging that a product you used during treatment or sold to a client caused bodily injury or property damage. Damages ordinarily covered by product liability are usually the result of a design, manufacturing, or marketing defect, such as an incorrect label or a lack of safety warnings. Say you sell herbal medicines to complement your treatments. You recommend a specific tea to a client, who then claims they had an adverse effect from the tea. If your client sues, product liability insurance may cover you for legal and medical costs related to the claim.
- Commercial Property Insurance: If you own or rent your clinic, or you’re an independent acupuncturist that travels to their clients, it’s important to have commercial property insurance. This coverage protects your business location and your business-related equipment against an insured event, such as a fire or theft. For example, say you experienced a fire at your clinic, commercial property insurance could provide financial protection for the destroyed or damaged equipment.
How much is acupuncture malpractice insurance?
The cost of an acupuncture policy is based on several factors about your business. To give you a ballpark figure, you can anticipate policies to start at about $400 a year on a malpractice insurance policy with a limit of $2,000,000.
To find out the cost of a comprehensive policy for your acupuncture business, you can make a quick quote online. We’ll ask you questions about your business that help us to determine what specific coverage you should consider.
Here are some of the main factors insurers take into consideration:
- Services offered
- Years of experience
- Claims history
- Training and education
Do acupuncturists need insurance?
Any practitioner or business providing acupuncture services should protect their business with an acupuncture insurance policy. We’ve insured more than 1,000 Canadian acupuncturists that offer services such as:
- Herbal therapy
- Cupping therapy
- Tui Na massage
Common claims scenarios
Frequently asked questions