Homeopathic Insurance
In a world of unlimited data and hyper rationalisation, the tolerance for alternative styles of living and practices has been plummeting for decades. Especially for practices that defer from mainstream Western medicine, Europe and the United States of America now often look very sceptically upon practices such as homoeopathy. Despite the centuries of success that some people have had with the ‘like cures like’ technique, it has unfortunately become fashionable to dismiss the more personal form of medicine.
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What is Homeopathic Insurance?
This leaves those dwindling number of homoeopaths that still manage to make a living from the practice in a precarious situation. They have to deal with the decreased demand that makes the occupation increasingly challenging. Still, the opportunity for what is deemed as credible accusations of malpractice seems to be ever more common. This is one of the reasons that it’s more crucial than ever that homoeopaths look into the insurance policies available to them. Not only are financial situations likely to need protection, but the susceptibility to legal challenges also remain.
The policy needs will change from homoeopath to homoeopath, such as depending on whether you practice out of your own home, in clients houses or from a clinic. It’s also going to make a difference whether you practice homoeopathy as a sole trader, as part of a team, or are in charge of a group of homoeopath employees.
Here we’re going to look at the different available policy options, which we recommend that homoeopaths look at. Some of these will apply to jobs outside of homoeopathy, whilst some are more suited to homoeopathy than other professions out there. Taking the time to do your research and make sure you understand the options is essential if you are committed to keeping your practice open, you and your clients safe and having peace of mind in the long term. Without further ado, let’s have a look at the main options out there for homoeopaths looking for insurance.
What Are the Essential Homeopathic Insurance Policies?
The critical policy that we recommend for practising homoeopaths is malpractice insurance. Initially, this may sound like an accusation. “Homoeopaths are constantly guilty of malpractice, so they better buckle up for a bumpy legal ride”.
This isn’t what we mean at all, of course. The first thing to realise is that in all fields of medicine, including mainstream western medicine, the rate of recovery and curing is below 100%. It’s well below that. If we had a form of curing people who worked every time, the world would be very different. Even well-respected mainstream institutions get sued for malpractice all the time. There is nothing more important to anyone’s life than, well, their life and their health. This is why an occupational field is so susceptible to claims. Things are made even harder for those practising outside of the mainstream.
This is because even if you take all of the correct steps you learn and someone who’s turned down mainstream medicine to be looked after by you remains ill, they may make claims of being given wrongful advice or medicine. No medical practitioner can cure every ailment 100% of the time, so such a situation is always possible. Compensation claims can be a lot larger in regards to health than in other fields, so when something does go wrong, it can go very wrong.
What malpractice insurance does is simple. It means that should someone claim you. You will have a dedicated legal team there to make your case well and explain why paying compensation for something that may have been out of your control is unfair. You may have a budding interest in the law, but it’s unlikely that you have time in the day to run a homoeopathy practice and to fight legal battles.
If you’ve spent years training as a homoeopath, you’re also unlikely to be hugely equipped in the field of law. Being insured when these sticky situations arise means that you can focus on your medicine whilst a dedicated legal team focuses on the legal stuff.
This way, everyone is sticking to tasks that they’re trained and practised in, and everything is tackled in the most efficient manner possible. On top of this, you’re also covered up to a certain amount for any compensation that you are asked to pay. Rather than suddenly having to fork out thousands more than you have for an unfair accusation, your insurer covers the cost, although your premiums are almost guaranteed to go up. This means in the long term, though, that you can budget in advance.
Are There Any Other Homeopathic Insurance to Consider?
Two more general policies should be considered too. Employers’ liability is a legal requirement if you’re employing any staff and protects both you and your employees were any claims to arise from them. The second is public liability insurance, which is especially recommended for those who work from a clinic where public members come and go. This protects you from any claims should they get hurt or fall ill whilst on your premises.
Find out more about the importance of insurance here.
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