Chiropractic Insurance Rates
Sample Business Insurance Quotes for Chiropractors

As a chiropractor running your own business, you can so get busy seeing patients and attending to the details of your practice that you forget to take a step back and protect the business you've built. Chiropractor insurance covers the cost of lawsuits and other expenses that could push your business into debt or bankruptcy. Let's look at three key chiropractic insurance policies that other practices have and what you'll need to budget for your annual premiums.

Note: These sample insurance quotes are estimates. Actual premiums may vary.

HOW MUCH IS
General Liability Insurance?

What Does General Liability Insurance Cost?

As a chiropractor, you have certain liabilities you simply can't avoid. For instance, if a patient slips and falls on your office floor, you could face a 5- or 6-figure lawsuit. Fortunately, General Liability Insurance covers the cost of third-party lawsuits over personal injury (non-malpractice), property damage, and other reputational damages.

Say a patient asks you for a recommendation for a physical therapist. The patient runs two names by you. You like one, but not the other and explain that you don't think the second does a very good job. Unfortunately, you've just exposed your business to a potential reputational injury lawsuit. If word gets around to the second physical therapist, you could be sued for damaging their professional reputation. General Liability Insurance is crucial for chiropractors because it covers this and many other basic business liabilities.

The average rate for a General Liability Insurance policy for chiropractors with a $2M policy limit and a $1M per-claim limit is $435.54, with a median rate of $439.68.

To see how the cost of chiropractic General Liability Insurance compares with other industries, visit Insureon's 2014 Business Insurance Cost Analysis New browser window icon..

Average Premium Rates on General Liability Insurance Policies for Chiropractors
Name USD

Per claim limit:

$1,000,000

Policy Limit:

$2,000,000

Mean policy premium:

$435.54

Median policy premium:

$439.68

HOW MUCH IS
a BOP?

What Does a Business Owner's Policy Cost?

A Business Owner's Policy can help you save money on your chiropractor insurance premiums. Rather than buy General Liability (see above) and Property Insurance coverage separately, chiropractors can purchase a BOP package, which contains both and costs a little less. BOP Property Insurance protects a chiropractor's equipment, insuring it against common loss scenarios like fire, theft, and some weather damage. If a fire burned down your office, you would be reimbursed for lost traction tables, orthopedic supplies, electronics, furniture, and other business property.

The average rate for a chiropractor's Business Owner's Policy in which the General Liability component has a $2M policy limit and a $1M per-claim limit is $603.25, with a median rate of $500.83. A chiropractic BOP typically costs $500 to $1,000.

Average Premium Rates on Business Owner's Policies for Chiropractors
Name USD

Per claim limit:

$1,000,000

Policy Limit:

$2,000,000

Mean policy premium:

$603.25

Median policy premium:

$500.83

HOW MUCH IS
Workers' Comp?

How Much Is Workers' Compensation?

Depending on your state laws, you may need to have Workers' Compensation Insurance for your chiropractor clinic. Though there are some exceptions, employers generally need to have Workers' Comp (also called Workman's Comp). If an employee is injured on the job or suffers a work-related illness, Workers' Comp will pay for their medical bills and reimburse them for some of the income they lose while they can't work.

The average rate for a chiropractic Workers' Compensation Insurance policy with a $1M accident limit, a $1M disease limit and a $1M employee limit is $708.33, with a median rate of $702.50. Chiropractor's Workers' Comp Insurance typically costs $250 to $1,250.

Average Premium Rates on Workers' Compensation Insurance for Chiropractors
Name USD

Accident limit:

$1,000,000

Disease limit:

$1,000,000

Employee limit:

$1,000,000

Mean policy premium:

$708.33

Median policy premium:

$702.50

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