31 - Choosing a Malpractice Carrier and Coverage

In this episode of All Things Chiropractic, hosts Paul Andrews and Dr. Mark Davini look at malpractice insurance for chiropractors. They discuss the different types of policies available, including claims-made and occurrence-based coverage, and highlight the importance of selecting the right policy to ensure perpetual protection. Dr. Davini shares insights on why occurrence policies may offer better security, especially for retired or part-time practitioners, and talks about the necessity of tail coverage when switching policy types. The conversation also addresses the significance of coverage limits, corporate and personal umbrella policies, and the potential pitfalls related to policy exclusions and scope of practice. The hosts provide valuable advice on dealing with malpractice claims, emphasizing the need for supportive legal representation and understanding consent-to-settle clauses. Alongside their examination of malpractice insurance, Paul and Dr. Davini offer practical tips for chiropractors to assess their current coverage, the cost of insurance relative to coverage benefits, and ways to protect themselves in the legal landscape.