If you are a new dental graduate starting out, you will quickly learn why liability insurance is so important. Some wait until it is too late, such as when they get a lawsuit against them. At that point, you may not be able to get insurance and if you did; it won’t cover you since the suit has already begun.
In addition, you may experience a non-compliance issue from federal, state, or local authorities. They often give you the chance to correct the issues, but you may not succeed quickly enough and end up facing serious penalties and fines.
Sometimes, it can cost a lot of money to become compliant and you could face the challenge of having the money to get compliant while your business is shut down until you comply. Other times, you just may not know what you need to do, who you need to do it through or with, or even how to do it to get compliant. You may run out of time.