The word chiropodist is of Greek origin, essentially denoting a person who can treat a client’s lower limbs and feet when they are in pain. A chiropodist (interchangeably termed a podiatrist) is involved in evaluating the pain and symptoms of a person one-on-one. They are responsible for diagnosing them with an illness and lastly treating them for the said illness.
For an individual, having good health is the most valuable asset you could have. So chiropodists are held to an incredibly high standard which allows for plentiful criticism and is consequently which high-quality insurance should be obtained. Their work site and equipment should also be maintained.
Types of Insurance
There are various types of insurance which a chiropodist should aim to have.
1. Medical Malpractice Insurance
Medical malpractice insurance is a specialised form of professional indemnity insurance, which focuses on the negligence of medical professionals that provide treatment instead of more general acts of carelessness and disregard. This type of insurance covers acts of negligence like misdiagnosing a patient, failing to recognise illnesses that should be urgently treated, or providing treatment that worsens the condition.
It should be noted that misconducts that were intentional or illegal are not covered. Medical malpractice insurance can be challenging to obtain as many insurance companies do not offer it. Alternatively, you could opt for professional indemnity insurance instead as long as you ensure the essential policies to your business are endorsed.
2. Public Liability Insurance
Public liability insurance is encouraged for chiropodists because clients enter the establishment daily and put themselves at risk of injury or harm at the worksite. Similarly, chiropodists who travel to their clients’ homes jeopardise themselves should any accidents occur that damage their property or belongings. Suppose a client comes to the office and injures themselves on equipment, trips down the stairs or slips on a wet floor.
In that case, the chiropodist could be held liable to compensate them for their medical expenses and evaluations. Likewise, if a chiropodist treated a client in their home and broke their belongings or damaged them unintentionally, they would have to replace them. Having public liability insurance in place ensures that these accidents will be reimbursed.
3. Buildings Insurance
Buildings insurance protects the property from any weather damage like floods, fires, or storms and safeguards it against vandalism. Whether you lease or own an office space to work from, it is costly to maintain the space and pay for rent, and as a consequence is there was any damage to it, the price to rebuild or repair it would cause immense damage to the business funds. Chiropodists should have buildings insurance so that they can be reimbursed for these costs.
Whilst the premium for this cover can be higher than others. It is worthwhile when you look at the bigger picture; this is because a building is pricier to repair than the things other policies cover. Location, size, and how close the office is to water all affect the premium because the insurance company has more risk involved, which would have to provide a higher payout.
4. Equipment and Tools Insurance
Equipment and tools insurance means that any work-related appliances you use in the building are covered against damage or theft, damaged by the incidents covered in the policy. Generally, this includes damage caused by natural disasters, explosions, vandalism, stealing or burst pipes. Chiropodists use tools like scissors, scalpels, clippers, probes and forceps, which can be used in treatments and surgeries, sterilisation equipment and so on.
Without these instruments, the business could not operate. Therefore, they must be replaced quickly if they are unusable or missing. If a chiropodist could not afford to do so or it would take them a while, they would lose business. Hence, it is preferred to secure equipment and tools insurance whereby the insurer will do this instead.
5. Employers’ Liability Insurance
Lastly, employers’ liability insurance is a compulsory legal requirement for chiropodists who employ other workers. The company’s director usually obtains this, but it is fundamental to double-check this, as failure to do so could result in a fine. If an employee were to get injured at work, this would cover the cost of their medical expenditures and lost salary whilst they were unable to work.
To Conclude – Chiropodist Insurance
In conclusion, chiropodist insurance is a necessity. Whether it is to protect yourself, your clients, or your buildings, having insurance prevents you from repairing things or recompensating others out of your pocket and is a risk management technique that could save thousands or millions.
Find out more about the importance of insurance here.
Other useful links about business insurance:
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Architect & Surveyor Insurance
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