Regardless of experience level, dentists and other oral health care professionals may encounter lawsuits arising from their services. Dental malpractice insurance can provide essential coverage for your practice, career and patients in these situations.
The knowledgeable professionals at L squared Insurance Agency in Grand Rapids, Michigan, can review your insurance needs and help you secure the right dental malpractice policy. Contact us for details.
What Is Dental Malpractice Insurance?
Dental malpractice insurance, also known as dental professional liability insurance, can provide coverage for the expenses that arise if a patient files a lawsuit alleging negligent acts, mistakes or oversights. These claims may stem from different aspects of oral health care, including misdiagnoses, inaccurate advice or errors during procedures.
Dental malpractice insurance may help compensate affected parties and cover costs associated with a malpractice claim, such as:
· Defense costs
· Arbitration costs
· Settlement costs
· Judgement costs
Other coverages may be available. Consult with our agents for more information.
What Types of Dental Malpractice Insurance Policies Are Available?
Dental malpractice insurance policies are usually written as claims-made or occurrence policies.
· Claims-made—This type of policy may provide coverage if a claim is made while the policy is active, and the incident that gave rise to the claim happened during the policy period.
· Occurrence— This type of policy may provide coverage if the incident that gave rise to the claim occurred during the policy period, regardless of when the claim is filed.
Our agents can provide more information about which type of policy best suits your needs. We can also provide details on endorsements (e.g., tail coverage or nose coverage) and policy terms, limits and exclusions.
Who Qualifies for Dental Malpractice Insurance?
Professionals who may qualify for dental malpractice insurance include the following:
· Dental hygienists
· Oral maxillofacial surgeons
· Dental anesthesiologists
· Dental students and residents
· Dental assistants
Reach out to our agents to see if you are eligible for dental malpractice insurance.
How Much Is Dental Malpractice Insurance?
Insurers consider multiple factors when calculating premiums, including years of experience and the size and location of your practice. Your claims history and selected coverages may also impact your rates.
Each practice is unique, and the L squared Insurance Agency is ready to help you get the coverage you need. We can discuss costs and options and help you find the optimal insurance plan. Contact us today 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.