MALPRACTICE INSURANCE FOR NATUROPATHIC DOCTORS!
MALPRACTICE INSURANCE FOR NATUROPATHIC DOCTORS!
SINCE 1988 the J.A. KNAPP Agency continues to bring a preferred program custom tailored to your medicine and business needs. We know that when you went to school to become a physician, your goal was to help people heal. You didn't know you were going to be a small business owner; a role that would require you to run PR, manage staff, balance expenses, calculate taxes, advocacy… all while serving the needs of others.
Did you know that a majority of naturopathic physicians are chronically under-protected or have NO PROTECTION at all in their practice.
You may not think it will happen to you, so you play the game and hope you won't lose, but in doing so you risk everything you have built…
Years of schooling
An incredible amount of student loan debt
Your reputation
Your credibility
Your ability to provide for your family
And most importantly, the ability to serve the patients that need your medicine the most
SIMPLE APPLICATION
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Misinformation is usually involving a claim that was general in nature and not usually addressed to any particular case or individual. Things like blogging, advertisements, online video or public information taken out of context.
Miscommunication usually deals with the disparity in proper client communication and the advice being too vague or incomplete, in turn it causes unforeseen or unexpected damage generally to a client’s health or quality of life.
Average Settlement/paid Amount: $75,000 USD
Improper skill or application of services that can cause injury or induce greater damage.
Average Settlement/Paid Amount: $75,000 - $1,000,000 USD
Services, advice or treatment that can be attributed and connected to the death of a client which could have been prevented or avoided otherwise.
Average Settlement/Paid Amount: Policy Limit Exceeding $1,000,000 USD
Allegations of inappropriate touching, unwarranted advancement, crude commentary or harassment as well as physical force or abuse.
Average Settlement/Paid Amount: $200,000 - $1,000,000 USD
This includes but not limited to hipaa violations, cyber and data compromise issues, care custody and control compliance violations
Average Settlement/Paid Amount HealthCare - $1.3 Million USD
ND SHIELD is custom tailored insurance to protect your practice, assets and livelihood.
As physicians, especially in naturopathic medicine, you are not only healers, you are also entrepreneurs, business women and men. You are leaders, movement starters and mold breakers! The burden can feel overwhelming, but the medicine you provide can ignite healing in our patients and community.
But what happens if something happens? What if something goes wrong? What if you could lose it all?
The laptop belonging to an employee of a medical research institute was stolen.
The laptop, containing the electronic protected health information (ePHI) of approximately 296,000 patients and research participants, was not encrypted. The ePHI included names, dates of birth, addresses, social security numbers, diagnoses, and laboratory results. Given the nature of the information stored on the laptop and the fact that the laptop was not encrypted, the incident was determined to be a reportable breach under HIPAA.
The institute reported the incident to the Department of Health and Human Services (DHHS) and the Office for Civil Rights (OCR). After a full investigation, the OCR concluded that the institute's security policy did not comply with the HIPAA Security Rule in that it was limited in scope, incomplete, and insufficient to address potential risks and vulnerabilities to the confidentiality, integrity, and availability of ePHI held by the institute. The OCR imposed civil fines and penalties against the clinic. Counsel was ultimately successful in helping the insured achieve a settlement with the OCR which reduced the fines and penalties and included a corrective action plan.
Cyber insurance covered the legal expenses incurred in responding to the OCR's investigation and the OCR settlement.
Total Expenses Incurred: $1.6 Million USD
A clinic received notice from an IT Security company that the PHI of 88 patients was found on the "Dark Web", which is used for illegal activity by criminals. Shortly after, the Insured received an anonymous email from a hacker calling himself "The Dark Overlord" claiming to be in possession of all the clinic's information and records.
Cyber insurance covered: IT Forensic Consultants – Determined that the PHI was likely accessed by a hacker gaining access to an employee username and password.
Breach Coach Counsel – Determined there was a high probability that all records were in fact obtained by "The Dark Overlord", requiring notification to all 544,000 patients
PR Firm – Assisted the clinic in developing a crisis management plan to mitigate reputational harm resulting from the incident.
Notification Expenses and Credit Monitoring – 544,000 patients were notified and offered credit monitoring.
Total Expenses Incurred: $1.05 Million USD
Located in the Foothills of Tucson, Arizona the J. A. Knapp Agency was founded by its current principal agent John Adam Knapp in 1988. It has been a striving goal and company vision to share our knowledge with not just potential clients but everyone, and to leave you feeling safe, secure and knowledgeable.
It is our goal to help you better understand our industry, strive to serve you professionally and courteously and hopefully spread our good name to your friends and family.
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