How Can I Properly Insure My Dental Practice?

Managing a dental practice goes beyond delivering patient care; it also entails protecting your business from numerous risks. Adequate insurance coverage can be crucial to help ensure the safety of your practice, employees and patients.

Insurance for Dental Practices

The following are types of insurance a dental practice should consider:

• General liability insurance—This coverage can help financially protect your practice from claims of bodily injury or property damage on your premises. For example, general liability insurance can cover medical expenses and legal fees if a patient slips and falls in your office.
• Professional liability insurance—Also known as malpractice insurance, this is crucial for any health care provider. It can help cover legal costs and settlements if a patient sues you for negligence or errors in treatment.
• Commercial property insurance—This insurance can help financially protect your physical assets, including the building, dental equipment and office furniture, against damage from events such as fire, theft or severe weather.
• Workers’ compensation insurance—If you have employees, this insurance is typically required by law. It can help cover medical expenses and lost wages for employees who get injured or fall ill due to their jobs.
• Cyber liability insurance—With the increasing reliance on digital records, protecting patient data is critical. Cyber liability insurance can help a business recover from a data breach by covering related expenses.
• Business interruption insurance—This coverage can help replace lost income if your practice is temporarily unable to operate due to a covered event.

By securing these insurance policies, you can help ensure your dental practice is financially safeguarded against various risks, enabling you to concentrate on delivering exceptional care to your patients.

Learn More

For insurance near you, contact Mikel's Insurance Services today.

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.