Chiropractic Malpractice Premiums Will Blow You Away

Ever wonder what we pay in malpractice insurance premiums?

Much has been said about how “risky” Chiropractic care is. Watch this quick video and discover how we compare to your family doctor (pretty safe right?) or an orthopaedic surgeon.

So what do chiropractors pay in malpractice insurance premiums? Any guesses? Before I answer that question, first we have to consider what your family doctor pays in malpractice insurance.

The average family doctor (in Ontario) pays roughly $6,000 per year in malpractice insurance.

If you’re an orthopedic surgeon, you’re up around the $30,000 range.

So, considering that, if you had to guess what a chiropractor pays in malpractice insurance in Ontario, considering everything that you’ve learned and heard, what would you guess?

$5,000?

$10,000?

$50,000?

$100,000?

What if I told you that the average chiropractor in Ontario pays anywhere between $1,000 a year, and $1,500 per year? Would that amaze you?

Insurance underwriters don’t care about stories. They care about facts. They care about numbers. At the end of the day, they’re going to assign a premium based on your risk of hurting someone, and your risk of creating a lawsuit.

But, to have a little bit more fun with this, I thought I’d ask one more question. I’m a 47 year old man. Professional. No car accidents.

What do you suppose I pay in car insurance?

I’m willing to share that I pay, between my wife and I, we pay about $2,000 a year in car insurance. So what that means is that your chiropractor is probably more dangerous to you in the parking lot than they are in the clinic.