When most doctors hear "NCMIC," they immediately think malpractice insurance—but as President David Siebert reveals, that's just scratching the surface. Founded in 1946 by chiropractors for chiropractors, NCMIC has evolved into a comprehensive resource offering everything from business insurance to financial services tailored specifically for the profession.
What distinguishes NCMIC from competitors? Their impressive 300+ years of collective claims experience makes a profound difference when defending chiropractors. As a mutual company answering to policyholders rather than shareholders, NCMIC takes a long-term approach that has allowed them to return over $170 million in dividends to doctors over 25 consecutive years. Their board, predominantly comprised of chiropractors, ensures decisions always prioritize the profession's best interests.
For doctors facing potential claims, NCMIC offers critical guidance through what can be an emotionally challenging process. Their "consent to settle" policy guarantees doctors maintain control over their professional reputation, as no case settles without the doctor's written permission. Siebert shares how NCMIC will invest significantly in legal defense when a doctor wants their day in court, even when settlement might be less expensive—because protecting a chiropractor's reputation matters more than saving money.
Beyond malpractice coverage, NCMIC offers business insurance, specialized long-term disability policies that understand chiropractors' unique needs, and personal lines including home and auto insurance. Their financial arm provides transparent merchant processing without long-term contracts, equipment loans, business credit cards, and premium financing options. They've become a true one-stop solution for chiropractic practice needs.
The company's commitment extends to supporting over 200 chiropractic events annually, providing campus resources, risk management training, and their "Starting Into Practice" program. The NCMIC Foundation has invested more than $10 million in research that's opening doors for chiropractors in integrated healthcare settings. With growing public interest in preventative care post-pandemic, Siebert sees a bright future ahead for the profession.
Discover how NCMIC can help protect and grow your practice with solutions designed specifically for chiropractors. Call today to learn more about their comprehensive services beyond malpractice insurance.
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