From insurance products to financial services, NCMIC has everything you need to help grow your practice and do more for your patients.
NCMIC ND Product and Services Guide
Table of Contents
History ....................................................................................................................3 Malpractice .........................................................................................................4 Business Owner’s Policy ............................................................................6 Workers’ Compensation & Data Breach Insurance ................7 Other Business Insurance ........................................................... ..............8 Auto Insurance ................................................................................................9 Homeowners Insurance ..........................................................................10 Flood Insurance & Earthquake Insurance ....................................11 Credit Card Processing .............................................................................12 MilesAway® Business Credit Card ....................................................13 Equipment Finance ....................................................................................14 Premium Finance .........................................................................................15 Working Capital .............................................................................................16 Practice Management Bridge ® ...........................................................17 Starting With Success ...............................................................................18 How to Connect with NCMIC ...............................................................19 Letter from NCMIC President .............................................................20 NCMIC Board & Senior Management Team ..............................21
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Since 1946, we’ve been driven by one vision: We Take Care of Our Own.
Not only does NCMIC offer the best coverage and defense for our insureds; we are also committed to helping NDs in countless other ways. For over 20 years, we have been proud champions for the entire profession. We support state and national naturopathic associations, the naturopathic education community, and the entire naturopathic 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; provides funding for research projects investigating the efficacy of naturopathic care; and supports all of the naturopathic educational institutions with resources for students’ 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 chiropractors with valuable, customized malpractice insurance. For over 20 years, we’ve offered naturopathic physicians the same. We offer outstanding 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 EXPERTISE Our experienced 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.
Perks PREMIUM DISCOUNTS NCMIC offers premium discounts for new graduates, doctors working part time and more. CLAIMS ADVICE Our claims hotline representatives specialize in naturopathic medicine 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.
Malpractice insurance is underwritten by NCMIC Risk Retention Group, Inc.
Business Insurance
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$25,000 LEGAL DEFENSE FOR GOVERNMENTAL PROCEEDINGS IS AVAILABLE AT NO ADDITIONAL CHARGE Up to $25,000 in defense costs are covered for State Disciplinary Proceedings, HIPAA and Privacy Related Proceedings, and Quality Improvement Organization Review. 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. 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. Business Insurance
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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 t o 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 or orthotics 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.
Insurance products, other than the malpractice policy offered by NCMIC Risk Retention Group, Inc., are offered through NCMIC Insurance Services, a licensed insurance agency offering coverage through some of the nation’s leading insurance carriers. CA license #0B84564. In NY: NCMIC Insurance Agency. In MI: NCMIC Insurance Services Agency, Inc.
Business Insurance
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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. Workers’ Compensation
Coverage includes:
• Benefits for injured staff • Protection for employers in the event you are sued for damages Data Breach & Cyber Coverage
Whether patient information is jeopardized or you’re the victim of a cyber crime, this coverage can help.
Data Breach Coverage:
• Defense and liability • Data recovery • Credit monitoring services • Crisis management Cyber Liability Coverage: • Extortion • Lost income • Lawsuits • Regulatory Fines
Business Insurance
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Additional Business Insurance
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 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. FLOOD AND EARTHQUAKE Because business insurance doesn’t cover floods and earthquakes, these additional endorsements and coverages can help.
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. HIRED AND NON- OWNED AUTO LIABILITY Coverage for vehicles used for business that aren’t registered under your practice name: Employees using their vehicle to travel for business, or a car that has been rented, leased or borrowed for company business. EMPLOYEE DISHONESTY This policy provides coverage for employee theft of money, securities and/or property.
Business Insurance
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Auto Insurance
Whether you’ve got a sedan or a 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.
You could save by bundling home and auto!
Personal Insurance
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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.
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. UMBRELLA INSURANCE
Personal Insurance
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Flood Insurance
Earthquake Insurance Similarly, a standard homeowners policy doesn’t cover earthquakes, which is where this coverage comes in. 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. 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.
Personal Insurance
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Our payment solutions include desktop terminals, tablet and smartphone processing, point-of-sale systems, shopping cart and website integration, EHR integration and more. Credit Card Processing
• Compatible with most EHR software programs* • Plug and play—fast and easy setup • No application or setup fees • 24/7 support • State-of-the-art equipment to use at no additional cost (if you process through NCMIC)* • Easy online account management
*NCMIC Finance Corporation and the EHR software companies our program integrates with 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.
Financial
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MilesAway® Business Credit Card
Our MilesAway Visa Signature is the business credit card designed with doctors in mind. Enjoy a variety of benefits to fit your needs.
PREFERRED • 11.99% APR + Prime • 0% APR for the first six months • No annual fee • 1.5 points per $ • 10,000 bonus points after first use
MilesAway® business credit cards include Visa® Signature Card benefits such as:
• 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 • Visa SavingsEdge offering discounts on business expenses
Other trademarks, service marks and trade names referenced are the property of their respective owners.
Financial
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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
Equipment loans are subject to credit approval. 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.
Financial
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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
In California, premium financing is offered by NCMIC Finance Corporation of California – California License #2181
Financial
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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 2 hours or less • Cash loans up to $30,000 • No collateral required • No prepayment penalties Working Capital Loans
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 doc- uments 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.
Financial
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Practice Management Bridge®
Practice Management Bridge is a simple, safe, and secure payment platform for healthcare providers. PMB interacts with your existing EHR system to seamlessly track, manage, report, and reconcile payment information.
• Text-to-Pay
• Online payments
• Contactless capabilities • Customizable messages
• Auto-posting
• Digital patient registration • Saves patient credit cards securely • Flexible payment plans
Practice Management Bridge is a registered trademark of Rectangle Health.
Financial
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startingwithsuccess.com
Getting started can be overwhelming for naturopathic students.
It doesn’t have to be! We’ve helped thousands of students launch their careers with valuable resources, products, and services, such as:
• Advice from Experts • Networking • Marketing Strategies • Videos and Webinars • And more!
• Business Plans • Negotiating • Contracts • Securing Finances • Marketing
We’re also on campus at naturopathic schools for Risk Management seminars and events like Homecomings and Vendor Days.
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.
Students
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CONNECT WITH US ON SOCIAL MEDIA
CONTACT Phone: (800)-769-2000 Ext. 4200 By Mail:
@ncmic
@ncmicinsurance
NCMIC Risk Retention Group, Inc. 14001 University Ave. Clive, IA 50325-8258 Hours of Operation:
@ncmic
Monday - Thursday: 8 a.m. to 5 p.m. (CT) Friday: 8 a.m. to 4:30 p.m. (CT) Media Inquiries: news@ncmic.com (515)313-4781 Website: ncmic.com
@ncmicinsurance
Resources
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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.
. Wayne C. Wolfson, D.C.
President, NCMIC
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.
Sincerely,
Wayne C. Wolfson, D.C.
Company
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NCMIC Board Members
Mary Ann Cloyd
David Jasmund
Claire Johnson M.S. Ed. D.C., DACBSP, Ph.D.
Dana Kilborne Matthew Kowalski D.C.
Anthony Lisi D.C.
Patrick McNerney
Suku Radia Mary Selly-Navarro R.D., D.C.
Gary Tarola D.C., FACO
Senior Management Team
Mike McCoy CEO
Dave Baccile Chief Investment Officer
Tony Dickinson President - NCMIC Finance Corp.
Traci Galligan SVP HR
Scott Gojkovich Chief Marketing Officer
Matt Gustafson Chief Financial Officer
Keith Henaman SVP Claims
Chick Herbert Chief Experience Officer
Melissa Knutson SVP Insurance
David Siebert President - NCMIC Insurance Company
Company
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NCMIC 14001 University Ave Clive, IA 50325 ncmic.com
#4441806669 - 2023
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