What is error and omissions insurance for Acupuncturists?
Acupuncture is a Chinese practice that falls under alternative medicine that requires the insertion of thin needles into the respective body parts of the patient where it hurts. The needles used in this medication are relatively light and prone to various risks since an acupuncturist is required to penetrate every needle with due diligence.
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What is error and omissions insurance for Acupuncturists?
Nevertheless, negligence might occur, and an individual may encounter severe injury. Therefore, acupuncturists must purchase error and omission insurance to get the required protection both legal and financial.
Let us understand the grounds for purchasing errors and omissions insurance for acupuncturists.
Failure of Acknowledgement
A patient may discover a sign of melanoma or skin cancer upon the failure of an acupuncturist to acknowledge it while discharging his duty. An acupuncturist may fail to notice any movement in the body, indicating skin cancer or disease. Hence, if the patient suffers any bodily illness, he may sue the acupuncturist. Consequently, he must ensure immunity by obtaining an error and omission insurance policy.
Failure of Proper Implementation of Techniques
A patient may suffer from chronic pain due to the wrong procedure undertaken by the acupuncturist. In some unfortunate cases, there can be nerve damage, and the patients vital organs may get affected during the treatment. Under these circumstances, the error and omission insurance policy may indemnify the acupuncturist by paying all medical bills the victim may incur.
Failure of treatment
A patient may bring a lawsuit if he faces any infection or develops any disease due to the treatment procedure performed by an acupuncturist. However, it could be an expensive lawsuit to be settled by the defendant. As a result, buying the error and omission insurance policy is essential for the acupuncturist.
How does Error and Omission Insurance work?
Error and omission insurance is a type of liability insurance which protects professional workers or bodies by indemnifying them against professional liability. It covers the losses due to errors, mistakes, omissions, or negligence. In addition, it provides an appropriate attorney to the insured in order to fulfil the legal requirement.
Further, it also covers the court and legal costs of the insured, during legal proceedings. In case of judgment held against the insured and if the court finds him at fault, the insurer will indemnify from the sentence of the court under error and omission insurance.
Case Study
A patient unsatisfied with the therapy result consulted his medical practitioner and found that his condition could only be resolved with surgery. As a result, the plaintiff instituted a lawsuit for failing to identify the disease. In this case, the insurer, under error and omission insurance, may indemnify him and pay the appropriate compensation to the aggrieved patient.
Conclusion
It is evident that professionals are bound to face a lawsuit or legal proceeding instituted by their clients due to unsatisfactory results. They may be compelled to discharge their liability by paying a significant sum or would have to incur considerable expense to hire an attorney. Hence, every professional needs an error and omission insurance policy.
Moreover, professions like acupuncture and similar medical practices are prone to risks and accidents. A small negligence can be fatal. Hence, the professional who falls under the ambit of medical duties must not refrain from buying error and omission insurance policy.
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