Dental malpractice insurance can provide essential coverage for your practice, patients and career. Even with rigorous training and proper safety protocols, accidents can happen, and dental professionals are vulnerable to lawsuits regarding their services.
The knowledgeable team at Mikel’s Insurance Services can help you secure the right dental malpractice insurance for your needs. Contact us today for more information.
What Is Dental Malpractice Insurance?
Dental malpractice insurance may also be known as dental professional liability insurance. It can provide financial coverage if a lawsuit is filed against you regarding your services. Policies can help reduce out-of-pocket costs and provide peace of mind for you and your patients.
Who Needs Dental Malpractice Insurance?
Depending on your jurisdiction, dental malpractice insurance may be required. And even if it isn’t, it still may be in your best interest to secure coverage. Professionals who may be eligible for dental malpractice insurance include:
· Dentists
· Oral maxillofacial surgeons
· Dental anesthesiologists
· Hygienists
· Dental students and residents
· Dental assistants
Other individuals may also be eligible for coverage. Contact your insurance agent for more information.
What Does Dental Malpractice Insurance Cover?
Dental malpractice insurance may cover lawsuits alleging professionally negligent acts, substandard treatments, mistakes or omissions resulted in a patient’s injury or death. It may help pay for expenses that arise from these claims, such as:
· Defense costs
· Court fees
· Arbitration costs
· Settlements
· Judgments
Other coverages may also be available. Policies vary, but your agent can provide more information regarding options, limits and exclusions.
What Types of Dental Malpractice Insurance Policies Are Available?
Dental malpractice insurance policies may be available as either claims-made or occurrence policies.
· Claims-made—This type may provide coverage if a party makes a claim during the policy period, and the incident that gave rise to the claim occurred when the policy was active or after a specific date called a retroactive date.
· Occurrence—This type may provide coverage if the incident that gave rise to the claim occurred during the policy period, regardless if the lawsuit is filed after the policy is terminated or canceled.
Each type of policy has its advantages. Consult with your agent to secure the one that best suits your needs.
How Much Does Dental Malpractice Insurance Cost?
The cost of dental malpractice insurance depends on several factors. For example, your years of experience and claims history, the amount of coverage purchased, the selected policy type, and your location may all impact premiums.
Contact Us for More Information
Mikel’s Insurance Services is an independent insurance agency ready to assist you with your insurance needs. We can discuss options and pricing and help you secure the policy that is right for you. Give us a call today at 855-758-9649 for more information or a quote.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.