Episode 34 - Ketamine Clinic Insurance: Expert Insights with Canyon Clifton
Discover essential insurance requirements for ketamine clinics from expert Canyon Clifton, including malpractice coverage, cyber liability protection, business insurance, and strategic claims prevention methods.
Insurance is one of the most crucial yet misunderstood aspects of running a ketamine clinic. Many medical professionals assume their existing malpractice coverage extends to ketamine therapy, only to discover costly gaps when it's too late.
In this essential episode of the Ketamine StartUp Podcast, Sam sits down with Canyon Clifton, a specialist insurance agent whose family business has been serving medical professionals since 1982 and has become a leading expert in ketamine clinic coverage.
Canyon shares insider knowledge about coverage requirements, common mistakes, claims processes, and strategic insurance planning that every ketamine clinic owner needs to understand.
This conversation provides practical guidance for protecting your practice, your assets, and your professional future in the evolving ketamine therapy landscape.
What You'll Learn in This Episode:
The biggest insurance mistakes ketamine clinic owners make and how to avoid them
Essential coverage types beyond malpractice: cyber liability, business interruption, and property insurance
Real-world claims processes and how to protect your practice from costly litigation
Listen to the episode on Apple Podcasts, Spotify, Overcast, or on your favorite podcast platform. Watch the discussion on YouTube here.
Episode 34 show notes:
00:00 Teaser - Don't Forget to Update Your Insurance
00:38 Welcome to the Ketamine Startup Podcast
01:30 Meet Canyon Clifton
02:12 Common Insurance Mistakes in Ketamine Clinics
03:15 Understanding Insurance Policies and Coverage
07:05 Admitted vs. Non-Admitted Insurance Carriers
11:48 Essential Insurance Types for Ketamine Clinics
14:11 Additional Insurance Enhancements
15:48 Niche Market Focus
18:27 Handling Insurance Claims and Lawsuits
22:01 Risk Mitigation and Patient Care
24:15 The Legal Process Post-Lawsuit
29:14 The Hammer Clause and Settlement Decisions
36:43 Understanding Lawsuits in Ketamine Therapy
37:30 Choosing the Right Insurance for Your Practice
38:04 The Importance of Reading Your Insurance Policy
38:53 Working with Insurance Agents and Brokers
40:06 Preparing for Insurance as a New Ketamine Clinic
41:09 Simplifying the Insurance Application Process
46:21 Commercial Business Liability and Fire Scenarios
57:54 Rapid Fire Questions with Canyon
01:02:46 Conclusion and Contact Information
Connect with Canyon Clifton:
Clifton Insurance Agency Website - Mention “Ketamine StartUp” and receive FREE quotes & exclusive policy discounts.
Phone: 877-212-4368