In recent months, dramatic and unsettling shifts have taken place in the chiropractic malpractice market with a number of major carriers dropping out of covering DCs altogether, and others finding their ratings dropping dramatically.  Ratings are a measure of reliability and stability and are key in selecting the company to provide coverage for you and your practice.  Only a few carriers remain in the chiropractic marketplace and ICA urges you to select your coverage with greater care than ever before and proactively re-evaluate the coverage you already have. 

In the past few months, Princeton, a major carrier in the Northeastern United States has withdrawn from many states, leaving policyholders in New York, New Jersey, Pennsylvania, Maryland, North Carolina, Virginia and Delaware, for example, scrambling for alternatives.  St. Paul, a landmark in chiropractic malpractice for decades, is out of the business altogether.    Also, Reuters Financial News Service has announced that Fairfax Financial Holdings was in the middle of a broad restructuring plan that would see the company discontinue its Dallas-based TIG business, leaving many chiropractic insureds looking for new coverage.

AM Best, the nations top insurance rating organization, has just recently lowered the financial strength rating of the participants in the Kemper Insurance Companies to B (Fair) from B+ (Very Good). The rating remains under review with negative implications.  The lowering of the Kemper rating is a result of its weakened capitalization, the ongoing operating uncertainties and execution risk associated with management's announced restructuring initiatives, including the sale of the renewal rights to various lines of business, including its financial lines, bundled and unbundled large risk national accounts, alternative risk programs, environmental and excess casualty and surety business. The rating also reflects the weakened liquidity and cash flow following the sale of many books of business.

In the midst of this major shakeup however, ChiroSecure, ICA's official professional liability program is going strong, and now in its 12th year of service to doctors of chiropractic nationwide.  ChiroSecure, the original subluxation based chiropractic malpractice program, is the only major malpractice program where the day-to-day operations are overseen by a doctor of chiropractic.  Thus, the most comprehensive coverage available has been tailored to meet the real needs of real doctors, and unlike other programs, does not exclude coverage for adjusting children, pregnant women, staff, sports teams and does not limit your coverage to an arbitrary geographic area.  No other program offers coverage travels with you.  ChiroSecure offers you a choice between occurrence and claims made options, puts you in charge of consent to settle situations, will pay defense costs in addition to your limits of liability and will even cover you for required appearances before professional licensing boards.  With ChiroSecure, there are no unexplained "membership" fees or other hidden charges or demands.  ChiroSecure charges the doctor no taxes on its premiums.

 

Look at the exceptional list of other benefits:
 
· Subluxation based premiums!
· First Aid Medical Expense coverage regardless of legal liability (claims not 

  reported to data bank)!
· Sexual Misconduct Defense Coverage
· Loss of Earnings $250 per day; up to $5,000 when you assist in defending against a claim!
· Locum Tenens (non-maternity) up to 60 days per year!
· Shared Limit Coverage for Corporation/Partnership at no additional cost.
· Separate Limit Coverage available for Corporation/Partnership for only 10%

  additional charge

 

ChiroSecure coverage is only sold as admitted coverage, offering the invaluable added protection of participation in a state guarantee fund. Too many doctors have learned the hard way, after buying non-admitted coverage, that they have no recourse when their non-admitted insurance carrier has gone out of business leaving them with no coverage. Some of these doctors have had to defend themselves with all expenses out of their own pocket. They thought they were protected.

 

If you previously had ChiroSecure and switched to another program, you will be welcomed back, and, you owe it to yourself to check out what ChiroSecure can offer.  ChiroSecure professionals are standing by to assist your easy transition to secure, stable and comprehensive coverage. Switching to ChiroSecures' superior coverage is easy and can be a seamless, stress-free transition.   Most doctors will find that ChiroSecure rates will save them money compared to any current program.

ChiroSecure IS AT YOUR SERVICE:  The International Chiropractors Association (ICA) is proud to recommend a program that meets their high standards and supports their subluxation based philosophy - the ChiroSecure Professional Liability Insurance Program, which is underwritten through ACE (Formerly CIGNA) Ratings A (Superior) - A.M. Best, A+ - Standard and Poors.  The ChiroSecure Program provides a superior malpractice insurance policy with many unique features and long-term solid protection. Their philosophy of combining discerning underwriting practices, competitive premiums and aggressive claim management is designed to protect you and your future.  Dr. Stuart Hoffman, president of ChiroSecure will be available to assist you with all of your malpractice needs.

For more information call ChiroSecure

1-866-80-CHIRO

1-866-802-4476 Ext. 11

www.chirosecure.com