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Traditional chinese medicine (TCM) insurance coverage, tailored for your practice. Maximum cover, minimum cost.
As a TCM practitioner, your patients trust you to deliver proper medical advice that will heal them. However, if your treatments or advice inadvertently end up harming your patients, you can face serious medical malpractice lawsuits.
What insurance do medical clinics need?
Medical malpractice insurance: Coverage if your treatment, medications, or medical advice inadvertently end up causing harm to your patients.
For instance, if you deliver acupuncture or dispense medication, and the patient’s condition worsens. The patient can sue you for medical malpractice.
Property, contents, and equipment insurance: Coverage for risks like fire, water leaks, burglary, etc. Protects your clinic premises, contents (e.g. medicines, herbs), and equipment (e.g. heat lamps, acupuncture tools).
For instance, a fire breaks out in your TCM clinic, destroying everything. This insurance will pay for restoring your TCM clinic, replacing damaged contents like medication, and replacing whatever equipment you had.
Work injury insurance: Coverage for employee injuries/sickness, including Covid-19 infections. Very important for TCM clinics, given the close proximity to patients who are ill.
For instance, one of your staff contracts Covid-19 from a patient. The staff spreads it to all your other employees, including you. This insurance will pay for medical expenses, lost wages, and lawyer’s fees if your employees sue you for creating an unsafe work environment.
Public liability insurance: Coverage for injuries to third-parties (e.g. patients) while in your business premises.
For instance, your employee has just finished cleaning your clinic. The floors are slightly wet. One of your patients slips and falls, breaking their hand. They can sue you for personal injury damages, in additional to having you pay their medical expenses.
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What are the major risks medical clinics face?
Lawsuits from patients when your treatments or medical advice inadvertently harms them.
Damage to your TCM clinic from risks like fire, water leaks, burglary, etc.
Death, injury or illness of employees. You’ll need Work Injury Compensation Insurance to cover this.
Injuries to patients while in your TCM clinic.
What are the benefits of using Provide for medical clinics insurance?
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