Professional Liability for Dentists

Dentists, like most other professionals, face risks when it comes to lawsuits and claims. That is why it is important to maintain business insurance, including professional liability insurance. 

Basic general liability insurance is adequate for most claims related to the business itself. However, it is almost never enough to cover claims related to medical advice given. Simply, without a high level of professional liability insurance, your practice may struggle with its reputation and profits.

When Is Professional Liability Insurance Applicable?

One of the first steps in setting up a dental practice is to put in place business insurance. Most business insurance plans include a level of general liability insurance. This type of insurance policy provides basic coverage. However, it may not be extensive protection for medical risks. It is often better suited for small claims. 

Upgrading to professional liability insurance, often called malpractice insurance, is essential for dentists. Many of the claims made against dentists relate specifically to medical or dental-related incidents. This often results in higher settlements.

Professional liability insurance usually helps with claims made beyond the coverage of basic liability insurance. This often includes:

• Settlements or judgments made from lawsuits filed against your company
• Defense costs related to such claims
• Types of claims not covered by other primary liability coverage, including some exclusions
• Protections against high-value claims, up to the amount of the professional liability insurance limit

This type of insurance is necessary for most dentists. It helps generally since a single liability claim can become very costly and extensive. However, when it comes down to purchasing this policy, it should not be a second thought. 

Professional liability insurance can be an affordable type of business insurance. It can also be one of the best investments in keeping your dental practice open after someone makes a claim.

Most dentists set out to provide a high quality of service and to meet their patients’ needs. Yet, there are many times in which mistakes happen. Misinformation or poor communication occurs. When this happens, businesses need to have quality coverage to protect against such claims.