Dental Malpractice Insurance

Working in dentistry is a rewarding career, but it can also include many challenges. While working in this profession, there is a lot of potential for dental professionals to make serious mistakes. As such, the threat of a lawsuit against a specific employee or even an entire practice is something that must be accounted for. Dental malpractice insurance will be there to help you through these challenges.

Mikel’s Insurance Services understands how important your practice and patients are to you. We will help evaluate your risks and formulate a plan to protect your practice and professionals against possible lawsuits stemming from innocent mistakes.

What is Dental Malpractice Insurance?

Dental malpractice insurance is a type of professional liability insurance that is key for dental professionals to protect themselves against lawsuits that may be filed by patients.

What Does Dental Malpractice Insurance Cover?

This type of insurance is designed to provide coverage in the event of a lawsuit filed against dental practices and dental professionals. Specifically, dental malpractice insurance covers claims related to monetary loss covered by professional negligence.

Some of the costs that may be covered by a dental malpractice policy include:

• Damages if you are found liable for malpractice
• Expenses associated with settling or defending lawsuits
• Compensatory and punitive damages
• Medical damages
• Settlement costs
• Arbitration costs

How Does Dental Malpractice Insurance Work?

To obtain dental malpractice insurance, a dentist must first have a valid license to practice dentistry. After successfully obtaining coverage, dental professionals and practices can receive compensation for lawsuits made against them.

How Much Does Dental Malpractice Insurance Cost?

Dentists who have recently graduated from school can obtain malpractice coverage for anywhere from $300 to $1,000 a year. This price will vary depending on the policy type and the amount of coverage that is purchased. After practicing dentistry for five years, the cost of these policies usually increases to approximately $2,000 to $3,000 per year. Rates may also be higher in large metropolitan areas.

Speak to one of our agents today to learn more about the benefits that dental malpractice coverage can provide, and what we can do to help you save money on your policy.