3 Medical Professionals That Need Small Business Insurance

As a healthcare provider who owns and runs a private practice, learning that you need business insurance might come as a surprise. To you, healthcare isn’t a business, it’s about helping people through health struggles and life-altering illnesses: mental and physical.

Yes, not all healthcare practitioners put the needs of their patient first, but you’re not that type of healthcare provider. Believing that you run your practice well, you question the need for business insurance. Getting a medical professional insurance policy does not admit to being guilty of not providing quality care. Rather, medical professional insurance shows your patients that if something should happen that neither party foresaw, your practice’s business insurance will cover the costs.

Not sure that your medical field needs insurance? Here are three medical professionals that need business insurance ASAP.‍

Acupuncturist: A 3,000-year-old healing practice, acupuncture treats depression, joint pain, hypertension and headaches, among other illnesses. After accessing the patient’s health, an acupuncturist has the patient lie down on a table. The acupuncturist locates the patient’s acupoints and inserts a needle. The acupuncturist repeats this process for every acupoint.

In some cases, a patient may have an adverse reaction to the treatment. If this happens and the patient should seek restitution for stress or injury, a small business liability insurance policy would cover the patient. ‍

Dietitian: Dietitians advise patients on nutritional subject matter. Part of the dietitian’s job is to promote disease management through healthy eating. To help a patient battling arthritis, joint pain or back pain, a dietitian will create a dietary healthcare plan that is meant to alleviate the physical stresses of the patient.

To help them perform their job, a dietitian will use software to track their patient’s progress and adjust the treatment plan as necessary. The software is also used for scheduling purposes and to keep a full health history of patients. If a cybercriminal targets a dietitian’s server and locks them out of the programs used to manage their office they not only lose essential information but their patients’ data is at risk of being stolen and exposed. A cyber insurance plan will cover the costs of a ransomware attack and will restore your software data. If your office should have to close down until reparations are made, cyber insurance will cover the business interruption. ‍

Orthodontist: Orthodontists treat dental and facial irregularities through the use of corrective appliances like braces and retainers. After assessing the need of the patient, an orthodontist will give an estimate on the amount of time a patient will need to wear the corrective appliances and if it is a permanent solution.

If a patient gets their braces removed and after six months their teeth have begun to shift back to their original state because the retainer does not properly fit the patient’s mouth, the orthodontist is liable. Small business insurance will cover the cost of replacing the defective retainer and will compensate the patient for treatment.

It’s not only the three medical professional types listed above that needs insurance, it’s every type of medical professional; this is only a handful. To protect the practice you’ve worked so hard to open, get insurance for your medical practice with CoverHound.