From insurance products to financial services, NCMIC has everything you need to help grow your practice and do more for your patients.
NCMIC NATUROPATHIC PRODUCT & SERVICE GUIDE
History ...............................................................................................................................................................................3 Malpractice ....................................................................................................................................................................4 Business Owner’s Policy .......................................................................................................................................6 Workers’ Compensation .......................................................................................................................................6 Data Breach & Cyber Coverage .........................................................................................................................7 Other Business Insurance (Surety, ERISA, E&O)..................................................................................7 Auto Insurance ............................................................................................................................................................8 Homeowners Insurance .......................................................................................................................................8 Flood Insurance & Earthquake Insurance ...............................................................................................8 Umbrella Insurance ..................................................................................................................................................9 Credit Card Processing ........................................................................................................................................10 Practice Management Bridge ® ......................................................................................................................10 Working Capital ........................................................................................................................................................11 Premium Finance ...................................................................................................................................................12 Equipment Finance ...............................................................................................................................................12 MilesAway ® Business Credit Card .................................................................................................................13 Starting with Success .............................................................................................................................................14 Naturopath to Practice .........................................................................................................................................15 Letter from NCMIC President ........................................................................................................................16 NCMIC Board & Senior Management Team ........................................................................................17 TABLE OF CONTENTS
Product terms and availability may vary by state. Malpractice insurance is underwritten by NCMIC Risk Retention Group, Inc. Financial products are offered by NCMIC Finance Corporation. Business and Personal insurance is offered through NCMIC Insurance Services, a licensed insurance agency. CA license #0B84564. In NY: NCMIC Insurance Agency. In MI: NCMIC Insurance Services Agency, Inc. Personal lines offerings may not be available in all jurisdictions.
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Since 1946, we’ve been driven by one vision: We Take Care of Our Own.
Not only does NCMIC offer outstanding coverage and defense for our policyholders; we are also committed to helping NDs in countless other ways. For over 20 years, we have been proud champions of naturopathic medicine. We support state and national naturopathic associations, the naturopathic education community, and the entire profession. We strive to help all NDs do more. Our Philosophy
NCMIC underwrites coverage for naturopaths who hold an active naturopathic license, regardless of how they choose to practice, as long as they adhere to the laws of their respective state. We also support all of the naturopathic educational institutions with resources for student success and institutional development.
“We Take Care of Our Own” is a registered service mark of NCMIC Group, Inc., and NCMIC Risk Retention Group, Inc.
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Malpractice
NCMIC was formed in 1946 to provide doctors of chiropractic with valuable, customized malpractice insurance. For over 20 years, we’ve offered naturopathic physicians the same. We offer first-rate protection for NDs that you can rely on.
FEATURES Consent to Settle
NCMIC’s true Consent to Settle feature means no case will be settled unless you specifically approve. What’s more, we never require an arbitration agreement. Claims Experience Our defense attorney network understands the naturopathic profession and the complexities of the issues involved with malpractice cases. In addition to our defense attorneys, you’ll also benefit from the experience of our professional claims representatives Our claims hotline representatives specialize in naturopathic issues and can help guide our doctors through potential claims situations, even before a claim has been filed. By calling to clarify in advance, you may be able to avoid an actual claim: (800) 242-4052. Naturopathic Entity Coverage Protect your LLC, partnership or corporation against liability of alleged negligent acts by you or one of your employees. NCMIC offers both shared and separate entity limit options. $60,000 Legal Defense for Governmental Proceedings is Available at No Additional Charge Up to $60,000 in defense costs are covered for State Disciplinary Proceedings, HIPAA and Privacy Related Proceedings, and Quality Improvement Organization Review.
Malpractice insurance is underwritten by NCMIC Risk Retention Group, Inc.
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Business Insurance
PERKS Premium Discounts NCMIC offers premium discounts for new graduates, doctors working part-time and more. Tail Coverage Yes, we offer tail coverage! Claims-made coverage applies to incidents reported during your policy period. Tail coverage is an add-on that extends protection even after your policy ends, covering late-reported incidents.
An additional premium applies to tail coverage, unless certain circumstances apply. Discounts may vary by state. Shared limits are not allowed by Connecticut or Kansas.
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Business Owner’s Policy
A Business Owner’s Policy (BOP) is a policy for small business owners that is made up of a combination of insurances to help provide protection for your practice.
BOP Includes:
■ Property Insurance to protect equipment, office furniture, computers and more. ■ General Liability to provide coverage if you are sued because of slips and falls, libel or slander, or advertising misprints. ■ Product Liability is important if you are reselling supplements under the original label (and not relabeling). ■ Business Interruption Insurance to help provide income if you have to close your practice because of a covered claim.
Workers’ Compensation
Workers’ Comp provides protection for you and your staff if there is a workplace injury. Many states require employers to carry this coverage, but it’s a valuable benefit even if yours doesn’t. Coverage includes: ■ Benefits for injured staff ■ Protection for employers in the event you are sued for damages
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Business Insurance
Whether patient information is jeopardized or you’re the victim of a cyber crime, this coverage can help. Data Breach & Cyber Coverage
Data breach coverage: ■ Defense and liability ■ Data recovery ■ Credit monitoring services ■ Crisis management
Cyber liability coverage: ■ Extortion ■ Lost income ■ Lawsuits ■ Regulatory Fines
Additional Business Insurance
Business Auto If you have a vehicle registered under your practice, this policy protects you and your business if the car is involved in an accident. Employee Benefits Insurance coverage is available to employers for errors or omissions in the administration of an employee benefit program, including failure to advise employees of benefit programs. ERISA If you offer a 401k or other retirement benefits, an endorsement may be added to your BOP. Or for higher limits, you may need an ERISA bond.
Employee Dishonesty This policy provides coverage for employee theft of money, securities and/or property. Flood and Earthquake Because business insurance doesn’t cover floods and earthquakes, these additional endorsements and coverages can help. Hired and Non-Owned Auto Liability Coverage for vehicles used for business that aren’t registered under your practice name. For example, employees using their vehicle to travel for business, or a car that has been rented, leased or borrowed for company business.
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Business Insurance
Auto Insurance
Whether you’ve got a sedan or snowmobile, we can keep it covered with:
■ Liability: Both bodily injury and property damage liability ■ Medical Payments: Pays medical expenses of injured individuals in your vehicle ■ Collision: Pays for damage to your car that is the result of a collision ■ Comprehensive: Pays for losses due to theft or non-collision damage ■ Uninsured and Underinsured Motorist Coverage: Reimburses you if you are in an accident with an un- or underinsured motorist.
Homeowners Insurance
This helps cover the cost of repairs to your home sweet home in the event of a fire, storm, theft, and more. Homeowners insurance includes:
■ Property Coverage: Covers repairs due to fire, lightning, windstorms, hail, smoke, freezing, and theft ■ Personal Liability Coverage: Provides coverage if someone is injured on or off your property, including damage caused by pets You can also add coverage for debris removal, living expenses, repairs to protect your property from further damage, replacement landscaping, and more.
Flood Insurance
Standard homeowners and renters insurance doesn’t cover flood damage. That’s where flood insurance comes in to help protect your home and its contents in case of water damage from a flood. Policies backed by the National Flood Insurance Program are available.
Earthquake Insurance
Similarly, a standard homeowners policy doesn’t cover earthquakes, which is where this coverage applies. In addition to dwelling and personal property coverage, earthquake insurance covers the cost of a hotel and other expenses if you’re unable to stay in your home.
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Personal Insurance
Umbrella Insurance
Should you reach the liability limits on personal insurance lines like home and auto, an umbrella policy will kick in to help cover the rest.
Personal lines offerings may not be available in all jurisdictions.
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Credit Card Processing
Our payment solutions include desktop terminals, tablet and smartphone processing, point-of-sale systems, shopping cart and website integration, EHR integration and more.
■ Compatible with most EHR software programs* ■ Plug and play—fast and easy setup ■ No application fees
■ 24/7 support ■ State-of-the-art equipment to use at no additional cost (if you process through NCMIC)* ■ Easy online account management
Practice Management Bridge ® Practice Management Bridge (PMB) is a simple, safe, and secure payment platform for healthcare providers. PMB interfaces with your existing EHR system to seamlessly track, manage, report, and reconcile payment information. ■ Text-to-Pay ■ Online payments
■ Auto-posting ■ Digital patient registration ■ Saves patient credit cards securely ■ Flexible payment plans
■ Contactless capabilities ■ Customizable messages
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Finance
Working Capital Loans
Get money fast for any business reason, including marketing, inventory, hiring, or remodeling. ■ Money in your bank account in 24 hours or less ■ Credit decisions, loan terms and documents in two business hours or less ■ Cash loans up to $30,000 ■ No collateral required ■ No prepayment penalties
*NCMIC Finance Corporation, the EHR software companies our program integrates with, and Rectangle Health are separate entities, are not agents of one another, and have no authority to bind one another to financial or other contractual obligations. To use the equipment at no additional cost, a two or three-year contract may be required. An early termination fee applies.
Practice Management Bridge is a registered trademark of Rectangle Health.
Working capital loans offered by NCMIC Finance Corporation are subject to credit approval, are for business purposes only and may not be used for personal, family or household purposes. Minimum loan amount is $5,000. Financing may be subject to a one-time origination fee billed with the first loan payment. When original or electronic signed loan documents are received by 2 p.m. CT, funding can be sent same-day via ACH. Your financial institution may not allow access to funds until the following day.
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Finance
Premium Finance
NCMIC premium financing provides a short-term loan to help you pay for malpractice, property, or casualty insurance. It combines protection for practice and business owners with the convenience of smaller monthly payments. It’s a great way to improve your cash flow and preserve working capital. ■ Immediate funding of premiums ■ Flexible loans ■ Low down payments ■ Online account management tools
Equipment Finance
Whether you’re buying new or used equipment for your practice, NCMIC can help with financing. ■ Credit decisions within two business hours or less ■ Upfront contract terms without surprises ■ Same-day payment to your equipment supplier via ACH ■ No prepayment penalties
Member of the National Premium Finance Association. In California, premium financing is offered by NCMIC Finance Corporation of California – California License #2181 Equipment loans are subject to credit approval. Terms are subject to approval. A documentation fee is required upon funding. NCMIC and the equipment vendor you select are separate companies, are not agents of one another, and have no authority to bind one another to financial or other contractual obligations. Consult your attorney or financial advisor for specific legal or tax advice before entering into any type of financing arrangement. When original or electronic signed loan documents are received by 2 p.m. CT, funding can be sent same day via ACH. Your financial institution may not allow access to funds until the following day.
Loans made or arranged pursuant to a California Finance Lenders Law license.
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Finance
MilesAway ® Business
Credit Card
0% introductory APR on purchases for 6 months, starting at the time of card approval. Post-promotional APR is 11.99% + Prime on purchases and 14.99% + Prime on cash. See terms and conditions for details. MilesAway is a registered trademark of NCMIC Finance Corporation. Other trademarks referenced are the property of their respective owners. This offer is for new MilesAway customers and is subject to approval. Loans made or arranged pursuant to a California Finance Lenders Law license. Our MilesAway Preferred Visa Signature ® is the business credit card designed with doctors in mind. Enjoy a variety of benefits to fit your needs: ■ 0% APR for the first six months ■ No annual fee ■ 1.5 points per dollar ■ 10,000 bonus points when you spend $1,000 in the first three months ■ 11.99% APR + Prime on purchases MilesAway business credit cards include Visa Signature Card benefits: ■ Visa SavingsEdge offering discounts on business expenses ■ Lost Luggage Reimbursement ■ Roadside Dispatch ® (restrictions may apply) ■ Travel Accident Insurance ■ Auto Rental Collision Damage Waiver ■ Travel and Emergency Assistance Services ■ Concierge Service, a resource to help with finding and booking travel, entertainment, dining and more
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Finance
startingwithsuccess.com
Getting started can be overwhelming for naturopathic students and new-to-practice doctors. It doesn’t have to be! We’ve helped thousands of students launch their careers with products, services, and valuable resources on a variety of topics, such as: ■ Business Plans ■ Negotiating ■ Contracts ■ Securing Finances
FIND US We’re also on campus at naturopathic schools for Lunch & Learns, Grand Rounds, and events like Product/Vendor Days.
■ Marketing Strategies ■ Advice from Experts ■ Networking ■ And more!
Starting with Success is a registered service mark of NCMIC Group, Inc. The information in the NCMIC Starting with Success program is offered solely for general information and education purposes. It is not offered as, nor does it represent, legal or professional advice. Neither does this information constitute a guideline, practice parameter or standard of care.
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Students
Becoming a Naturopathic Physician is a big investment—so we’re helping lighten the load with NCMIC’s NaturoPath to Practice Awards. Each quarter, 5 students will be randomly selected to receive $500. ■ Pay for school expenses. You choose how to spend the award money—whether it’s on tuition, supplies, exam fees, or other expenses. ■ Eligibility is easy. There’s no essay and no GPA requirement. If you’re a current naturopathic student or have graduated in the last six months, you’re eligible! ■ Enter in 60 seconds or less. All you have to do is fill out the form and hit submit for a chance to win. ■ Enter every quarter. That’s four chances to win every year. (But you can only win once every calendar year!) 20 STUDENTS RECEIVE $500 EVERY YEAR!
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A MESSAGE FROM NCMIC PRESIDENT WAYNE WOLFSON, D.C.:
We at NCMIC wanted to take a moment to thank you for putting your trust in us to insure the things that mean the most to you—your practice, homes, vehicles, businesses and your people. It’s because of you that NCMIC is one of the largest naturopathic malpractice insurance providers in the country, insuring doctors in cities and towns far and wide.
Since the beginning, we’ve remained focused on doing whatever we can to support our doctors and the profession, to provide insurance and financial products that demonstrate our unwavering dedication to our customers, and to live by the mission: We Take Care of Our Own. How do we do it? It’s simple: We know that amazing things happen when we put others first. It’s why we treat all our customers and our co-workers like family. It’s why we serve our community with humility and integrity. And it’s why we stop at nothing to ensure that the future of naturopathic is secure, creating a brighter tomorrow for the next generation of doctors.
I sense that the coming years are going to be some of the best we’ve seen yet at NCMIC, as we continue to support NDs and the profession in innovative ways. Thank you for being a part of the NCMIC family. We greatly appreciate you and all that you do to advance naturopathic.
Wayne C. Wolfson, D.C. President, NCMIC
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NCMIC BOARD MEMBERS
Suku Radia Wayne Wolfson D.C. David Jasmund
Patrick McNerney Anthony Lisi D.C. Matthew Kowalski D.C. Gary Tarola D.C., F.A.C.O., F.A.C.C Claire Johnson M.S. Ed. D.C., D.A.C.B.S.P., Ph.D. Dana Kilborne Krystine Kaiser D.C. Mary Ann Cloyd Mike McCoy (not pictured)
SENIOR MANAGEMENT TEAM
Matt Gustafson Chief Financial Officer Traci Galligan Chief Human Resources Officer Scott Gojkovich SVP Insurance Keith Henaman SVP Claims David Siebert Chief Executive Officer Tony Dickinson President - NCMIC Finance Corp. Chick Herbert Chief Experience Officer Melissa Knutson Chief Strategy Officer Dave Baccile Chief Investment Officer
CONNECT WITH US ON SOCIAL MEDIA
@ncmic
@ncmicinsurance
@ncmicinsurance
@ncmic
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