What Coverage You Need as a Dentist
The Responsibility of Being a Dentist
Mistakes and accidents happen within every business, but for a dentist it can be a little different. Dealing with patients and their teeth is very sensitive, as teeth and the mouth are very sensitive parts of the human. That being said, a patient is required to have a lot of trust in their dentist, as he/she is the one doing the work on their teeth. This goes so far as to include the storage of sensitive patient records and personal data.
So, when someone is injured at a dentist office, it does more damage than just to a patient’s teeth. When finding suitable insurance for a dental practice, your agent needs to understand the business, as well as all the risks that come with it. Having the correct coverage allows you to be protected from financial damage that can occur to a practice as well.
Where To Even Begin
You need to assess what type of coverage your practice will need. This will include: general dentists, dental hygienists, pediatric dentists, periodontists, endodontists, oral surgeons, orthodontists, and prosthodontists. A business Owner’s Policy, would include your small business protection.
This coverage contains general liability, business property, and business income. General liability will cover damage to property or injury in the office, which also includes any potential medical expenses. Business property covers all owned and rented equipment which helps run and maintain your business (including patient chairs, lighting, sterilization equipment, tools, and instruments. Business income replaces any lost income if you are unable to open your office due to property damage.
Keeping the People Covered
When running your own dental practice, you more than likely will have a team working with you in the office. Working in an office with dental tools is a risk in itself. The likelihood of a needlestick injury is more possible than you would think.
Worker’s compensation is a given in terms of coverage, and is required if you have employees. When working with tools such as needles, it’s possible to accidentally stick yourself with the needle, and if the needle has also been injected into the patient, both the employee and patient would require blood work. You need to ensure that you are covered for small incidents such as this.
Your coverage should also cover legal costs should you or any employees have to appear in court. Covering the people also includes the records and files you store of patients. Medical files usually hold personal information in your database, so your coverage should include the possibility of data breach. Data breach insurance covers getting the system running again, as well as repairing any damages that happened along the way.
A licensed dentist does carry a lot of risk, particularly when running your own practice. There is a lot of overlap between running a dental office and a small business in terms of business coverage, but dental offices run the risk of facing malpractice claims.
You want to ensure you have the correct insurance coverage in case you ever have a malpractice claim filed against your office. You are responsible for any lawsuits against your practice, therefore you want to be sure that you are properly covered to avoid any serious financial strain or hardship for you and your dental office. For more information on dental insurance and practice coverage connect with a Mitchell & Mitchell agent today.