Importance of Total Dental Protection for Dentists and Maxillofacial Surgeons
Total dental protection for dentists and maxillofacial surgeons can mean many different things. It can include dental insurances alone, or it can include everything needed to stay successful in the dental business, such as adding life insurance, disability insurance, umbrella insurance, workers compensation, etc.
A lot of it depends on whether you have your own practice or join a team of professionals in an existing practice or clinic. You need to have your own coverage when working through your own office, but need to review the terms clearly if joining an existing practice or clinic with a team of dental professionals.
For a team, the terms and conditions will specify what the group offers in the way of benefits and insurance. In that case, they often include professional liability insurance in a group policy or it carries certain limits which require you to add personal liability insurance. Some may require that you get your own liability coverage because they do not offer it in a group policy. It just depends on the existing practice and how the office is operated. But most of the other policies are obtained by you, such as the umbrella, disability, etc.
Total Dental Protection for Individual Dental Professionals
If you plan to open your own dental office, then total protection is essential if you want to stay in business and continue a successful career. You need to protect your profession from customer lawsuits, malpractice claims, false information stated by others, etc. All these examples take a toll on your income, requiring extensive fees and/or penalties, not to mention lawyer services, court fees, time-derived income losses, and more. Total dental protection can include personal liability insurance, life insurance, disability insurance, and personal liability umbrella coverage. All five are vital for any dental professional. Fortress Insurance specializes in professional liability insurance for dentists and OMSNIC offers professional liability insurance tailored to maxillofacial and oral surgeons.
Personal liability insurance protects you from expensive costs from lawsuits, lawyer services, litigation, accusations, patient misunderstandings, patient expectation disappointments, and more.
Life insurance protects your family and your business from costly expenses if you were to pass away.
Disability insurance protects you from losing income if you were to become disabled and not capable of working effectively.protects your family and your business from costly expenses if you were to pass away.
Personal liability umbrella coverage protects you from unexpected costs created by uncovered situations or partially covered situations.
Workers compensation protects your employees from work-related injury expenses and is required if you have one or more staff member/employees.
There can always be more coverage to form your total protection package, but the above examples are the most needed ones. Even though some are not really a part of insurance such as the workers compensation, they are part of your total dental protection package.
Total Dental Protection for Joining an Existing Practice or Clinic
When joining forces with an existing team of dentists, total dental protection depends on what the group offers for benefits and insurance. As previously mentioned, some offer complete professional liability insurance policies while others have a partial group policy or none at all. For partials or nonexistent insurance coverage, you need to make sure that you have complete protection by filling in for what isn’t there. That will fill in the gaps to form total dental protection. Just like individual dentists, you may need personal professional liability coverage, life insurance, disability insurance, or your own personal liability umbrella coverage. The most common one needed is the umbrella coverage, but it can vary from one office to another as to what is truly needed.
The Overall Goal with Total Dental Protection
Total dental protection is important if you want to keep your profession in full operation. Without it, you’re a sitting duck waiting for the rain to pour down and wash away success. Too many things can happen, leading to a drain in income supplies. Court fees, lawyer fees, reputation protection expenses, research expenses, penalties, and much more await your attendance. Even the best professional dentist needs total insurance protection because accidents can happen or customers can misunderstand details and expect something different, thus leading to lawsuits or allegations. In addition, other professionals may give one of your customers the wrong information or base everything off the customer’s words without contacting you.
That example leads to lawsuits by your customer because they got different information from another dental professional and believe that you failed to provide quality care. Aside from liability, the other insurance is essential too. You need to protect yourself from disability experiences or even death. You don’t want your family to suffer from high bills and expenses. You also want something to back up your insurance plan because it won’t cover everything. This is where umbrella coverage comes into play.
Total dental and maxillofacial protection (with everything discussed) covers you from:
• Dental malpractice situations
• Litigation and lawsuits
• Shortfalls on insurance coverage
• Coverage for disability experiences
• Coverage for death expenses for your family
• Penalties and fines
• And more