Dental malpractice insurance can provide essential coverage for your patients, practice and career. Oral healthcare professionals of all experience levels may face lawsuits for malpractice, and this type of insurance can help provide financial assistance in these situations.
The experienced team at Mikel’s Insurance Services in Downey, California, knows how important it is for dental practices to have adequate insurance coverage. Consult with us today for more information on securing the right policy.
What Is Dental Malpractice Insurance?
Dental malpractice insurance may also be known as dental professional liability insurance. It functions similarly to other insurance policies in that an insurer agrees to provide coverage in exchange for a premium.
Dental malpractice insurance can provide coverage for claims that negligent dental work, errors or omissions resulted in harm to a patient. It may help compensate the affected parties and provide aid for related legal expenses (e.g., defense costs, court fees, settlements and judgments), even if the claim is eventually dropped.
Why Is Dental Malpractice Insurance Important?
Not only can dental malpractice insurance provide financial coverage that can reduce your out-of-pocket costs, but it can also help attract clients as they may prefer to be treated by oral healthcare professionals who have policies in place.
Who Is Eligible for Dental Malpractice Insurance?
Professionals who may qualify for dental malpractice insurance include the following:
· Oral maxillofacial surgeons
· Dental anesthesiologists
· Dental students
· Dental residents
· Dental assistants
Other individuals may also be eligible for coverage. Contact our agents for more information.
What Types of Dental Malpractice Insurance Are Available?
Dental malpractice insurance is typically available as either a claims-made or occurrence policy.
· Claims-made policy—This type of policy may provide coverage if a claim is made during the policy period, and the incident that gave rise to the claim occurred after a specified date, called a retroactive date. Tail coverage may also be available to extend this type of policy’s coverage.
· Occurrence policy—This type of policy may provide coverage if the incident that gave rise to the claim happened during the policy period. Coverage under an occurrence policy typically still applies even if the claim is ultimately filed after the policy is canceled or terminated.
Our agents can provide more information about which type of policy best fits your practice. We can also provide details on policy terms, limits and exclusions.
The Mikel’s Insurance Services team understands the importance of dental malpractice insurance. We can discuss your insurance needs and help you secure a policy that suits your practice. Contact us today to learn more about available options and to get 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.