How much does insurance cost for chiropractors?

Chiropractors pay an average of $36 per month, or $437 annually, for general liability insurance. This policy is sometimes called public liability insurance.

General liability insurance covers common third-party risks at chiropractic offices and other healthcare facilities, such as a patient who slips on a wet floor during an initial consultation and suffers a bodily injury, or accidental damage to a patient's property.

For example, if a chiropractor accidentally drops and breaks a patient's smartphone while showing the patient a treatment plan for their lower back pain during a chiropractic visit, general liability insurance coverage would pay for the repair costs or legal fees if the patient sues.

It also helps pay for attorney's fees and other legal expenses if someone sues your business over copyright infringement or other advertising injuries, including defamation.

Some chiropractors may need proof of general liability insurance to sign a commercial lease or secure a client contract.

Below is the average general liability policy for chiropractors who buy from Insureon:

Insurance premium: $36 per month
Policy limits: $1 million per occurrence; $2 million aggregate

The per-occurrence limit is the maximum your insurer will pay for a single covered incident, while the aggregate limit is the most the insurer will pay for all claims during the policy period, typically one year.

General liability insurance costs depend on factors such as the coverage limits and deductible you choose, the size of your business, your business income, the types of chiropractic services you provide (e.g., chiropractic adjustments, spinal manipulations, holistic well-being programs, etc.), and any additional insured endorsements you select.

Learn more about how your insurance premium is calculated and how to save money on your general liability coverage.

Chiropractic businesses pay an average of $74 per month, or $884 annually, for a business owner’s policy.

A BOP bundles general liability coverage with commercial property insurance to protect against common third-party risks and business property damage. It typically costs less than purchasing each policy separately.

A BOP covers accidents that injure patients or damage their property, along with damage to your own business property, like X-ray machines. Because of its increased coverage and affordability, it’s the policy most often recommended by Insureon’s agents.

This is the average business owner's policy for chiropractors who buy from Insureon:

Insurance premium: $74 per month
Policy limits: $1 million per occurrence; $2 million aggregate
Deductible: $1,000

Chiropractors who have small practices and low risks are often eligible for a business owner's policy.

You can buy endorsements for your policy for broader coverage, though they come with a higher premium. For example, a chiropractic office might choose to add business interruption insurance to protect against financial losses from a temporary closure, or equipment breakdown coverage to cover losses from the unexpected breakdown of a piece of chiropractic equipment.

The cost of a business owner's policy is based on a number of factors, including the value of your property, the type of foot traffic you get (e.g., new patients, referrals, in-network, out-of-network, etc.), where you are located, and the number of employees you have.

Healthcare professionals, including chiropractors, pay an average of $55 per month, or $654 annually, for professional liability insurance.

Chiropractors often need medical malpractice insurance to comply with state laws or to work at a specific hospital or other facility.

This is the average professional liability policy for healthcare professionals who buy from Insureon:

Insurance premium: $55 per month
Policy limits: $1 million per occurrence; $3 million aggregate

Because this is a claims-made policy, your coverage must be kept active to collect on a medical malpractice claim. This policy is also called professional liability insurance.

A professional liability insurance policy covers malpractice lawsuits resulting from an error, misdiagnosis, or failure to meet a standard of care. Even frivolous malpractice claims are covered.

For instance, suppose a patient's subluxation worsens after receiving your chiropractic treatment, or they aren't satisfied with your pain relief plan for their chronic pain. If the patient files a lawsuit, malpractice insurance would cover your defense costs, court-ordered judgment, or settlement, helping you to avoid financial loss.

One of the biggest factors affecting the cost of malpractice insurance is the type of chiropractic care services you offer, such as telehealth. Other factors include your claims history, the liability limits you choose, and any additional coverage options, such as tail coverage.

Learn more about how your chiropractic malpractice premium is calculated.

The average cost of workers’ compensation insurance is $54 per month, or $646 annually, for chiropractic clinics.

This policy covers medical expenses and lost wages related to workplace injuries. It usually includes employer's liability insurance to protect against lawsuits from injured workers.

Businesses with employees typically must purchase workers' comp to comply with state requirements and avoid penalties. For example, all healthcare providers in California, Pennsylvania, and New York must carry workers' comp if they have one or more employees. Florida businesses need coverage when they have four or more employees, and coverage is optional in Texas.

Since health insurance plans can deny claims for injuries related to your job, workers' comp coverage is also recommended for independent contractors as a financial safety net to avoid out-of-pocket costs.

The cost of workers' comp depends on several factors, primarily the number of employees you have and their occupational risks. You can save money on workers' comp coverage by classifying your employees correctly and implementing a risk management plan to avoid work-related injuries and subsequent claims.

Healthcare professionals spend an average of $79 per month, or $954 annually, on cyber insurance. This policy is also called cyber liability insurance or cybersecurity insurance.

Cyber insurance helps your chiropractic center recover financially after a cyberattack or data breach. It can cover data breach investigations, cyber extortion payments, and costs related to complying with your state's data breach laws.

A cyber liability insurance policy is especially crucial for chiropractic practices that store protected health information and other personally identifiable information (PII) belonging to their patients.

The cost of cyber insurance and the coverage you need depend on the amount of sensitive information you handle at your chiropractic office.

Healthcare professionals, such as chiropractors, pay an average of $301 per month, or $3,608 annually, for commercial auto insurance.

This type of insurance pays for legal costs if your company vehicle injures someone or damages their property in an accident. It can also cover vehicle theft, vandalism, and weather damage.

Most states require commercial auto insurance for vehicles owned by a healthcare business. For personal, rented, and leased vehicles used for work purposes, look to hired and non-owned auto insurance (HNOA) instead.

The cost of commercial auto insurance depends on several factors, including your policy limits, the coverage options you choose, the number and value of your vehicles, and the driving records of anyone permitted to drive.