Last Updated: May 23, 2024, 8:14 am by TRUiC Team

Acupuncture Clinic Business Insurance

Getting business insurance for your acupuncture clinic is essential.

Acupuncture clinics need to be protected against claims involving things like accidentally injuring clients, allegations of malpractice, and breaches of contracts.

For example, one of your acupuncturists may injure a client during a session due to poor technique, or your clinic may end up at odds with an employee due to a failure to uphold their contractual obligations.

We’ll help you find the most personalized and affordable coverage for your unique business.

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Recommended: Next Insurance is dedicated to matching small businesses with the right policy at the best price.

Best Insurance for an Acupuncture Clinic

General liability insurance is — generally speaking — one of the most important insurance policies for acupuncture clinics. 

Some of the risks general liability insurance covers are:

  • Bodily injury
  • Property damage
  • Medical payments
  • Legal defense and judgment
  • Personal and advertising injury

Despite how useful general liability is for your acupuncture clinic, it’s worth being aware of the fact that there are several other policies your business may find use in:

  • Workers’ compensation insurance: A policy to cover the costs of an injury/illness an employee has suffered due to job-related duties.
  • Commercial property insurance: This enables your business to protect its physical assets from specific dangers that could cause great financial loss.
  • Professional liability insurance: Shields your business from the financial consequences of its errors or omissions that have resulted in some form of harm to a client.

In most cases, you can obtain insurance coverage for your business in one of two ways: with conventional brick-and-mortar providers or with entirely online providers. 

Conventional physical stores have remained popular for some time. However, as more people have come to realize that online providers don’t sacrifice quality in order to provide more cost-effective, tailored, and quicker insurance, online providers have become the prime option.

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Cost of General Liability Insurance

On average, acupuncture clinics in America spend between $350 - $750 per year for $1 million in general liability coverage.

Compare the average cost of general liability insurance for an acupuncture clinic to other professional industries using the graph below.

Several factors will determine the price of your policy. These include your:

  • Location
  • Deductible
  • Number of employees
  • Per-occurrence limit
  • General aggregate limit

You may be able to acquire general liability insurance at a discounted rate by purchasing it as part of a business owner’s policy (BOP) rather than as a standalone policy.

A BOP is a more comprehensive solution that includes multiple forms of coverage, such as business interruption and property insurance.

Graph showing average price of general liability insurance prices per industry

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Discover the best coverage at the lowest rate in our cheapest business insurance review.

Common Situations That General Liability Insurance May Cover for an Acupuncture Clinic

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Example 1: While walking into your clinic’s restroom, a patient slips on a wet floor, injures herself, and decides to sue your business. General liability insurance would pay for your legal defense costs.

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Example 2: When your receptionist accidentally knocks a patient to the ground in a hallway, the patient breaks his tailbone and asks you to pay for his medical care. General liability insurance would cover his medical treatment.

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Example 3: One of your employees accidentally steps on a patient’s high-end laptop. General liability insurance would cover the cost of repairing or replacing the patient’s damaged property.

Other Types of Coverage Acupuncture Clinics Need

While general liability is the most important type of insurance to have, there are several other forms of coverage you should be aware of. Below are some of the most common types of coverage:

Workers’ Compensation Insurance

Most states require businesses to carry workers’ compensation insurance for their part-time and full-time employees. This coverage protects your employees if they become injured at work or fall ill after a work-related accident. It not only covers an employee’s medical bills and lost wages if they need time to recover, but also any disability or death benefits stemming from a work-related accident.

Professional Liability Insurance

While you strive to heal your patients and deliver the highest level of service, there’s always a chance a patient might sue you for mistakes they claim you made. In the event of a lawsuit, professional liability insurance would cover your legal fees and any required settlement.

Commercial Property Insurance

You made a major investment to start your clinic. In the event of a fire, theft, or natural disaster, commercial property insurance would cover the cost of repairing or replacing your business-related property. This includes structural damage to your building as well as the business equipment and supplies you store there.

Commercial Umbrella Insurance

While your general liability insurance policy covers most claims, some accidents or lawsuits may be so catastrophic that they threaten to exhaust the limits of your primary coverage. Commercial umbrella insurance protects you from paying out-of-pocket for any legal fees and awarded damages that exceed your primary policy.

Additional Steps To Protect Your Business

Although it’s easy (and essential) to invest in business insurance, it shouldn’t be your only defense.

Here are several things you can do to better protect your acupuncture clinic:

  • Use legally robust contracts and other business documents. (We offer free templates for some of the most common legal forms.)
  • Set up an LLC or corporation to protect your personal assets. (Visit our step-by-step guides to learn how to form an LLC or corporation in your state.)
  • Stay up to date with business licensing.
  • Maintain your corporate veil.

Acupuncture Clinic Business Insurance FAQ

Yes, absolutely. You will need to first get a quote from an online business insurance provider like Next Insurance. Next allows you to then purchase a policy immediately and your coverage will be active within 48 hours.

A typical business owner’s policy includes general liability, business interruption, and commercial property insurance. However, BOPs are often customizable, so your agent may recommend adding professional liability, commercial auto, or other types of coverage to your package depending on your company’s needs.

"Business insurance" is a generic term used to describe many different types of coverage a business may need. General liability insurance, on the other hand, is a specific type of coverage that business owners need to protect their assets.

Due to the number of risks involved in the industry (especially personal injury and professional negligence), it is advisable to obtain insurance for your acupuncture clinic before its business activities commence.

Be aware that your business may be mandated by law to carry certain policies, such as workers’ compensation and commercial auto, if you have employees or business vehicles.

Not necessarily. Certain exceptions may be written directly into your acupuncture clinic insurance policy, and some perils may be entirely uninsurable.

Yes, an LLC is meant to create a legal barrier between your business and your personal assets and credit. If you haven’t formed an LLC yet, use our Form an LLC guide to get started.

An LLC doesn’t protect your business assets from lawsuits and liability– that’s where business insurance comes in. Business insurance helps protect your business from liability and risk.