What Types of Insurance Do Dentists Need for Their Own Practice?

Dentists are crucial to the future of health care. So now may be the perfect time to open your own practice and having the right insurance is essential. This protects both you and your patients, ensuring your practice runs smoothly. Let’s break down the types of insurance you’ll need, depending on how you want to run your practice.

If you’re setting up a physical office where patients come to see you, here are the insurance policies you should have: · Malpractice Insurance: Just like with telehealth, malpractice insurance protects you if a patient sues you because they think you made a mistake during their care. Make sure you include coverage for all your owned corporations. · Property Insurance: This covers your office and equipment. If there’s a fire, flood or theft, property insurance helps you replace your stuff so you can get back to work quickly. Often a bank or equipment financier will require this coverage if finance the office. · General Liability Insurance: This protects you in case someone gets hurt at your office, like if a patient slips and falls. It helps pay for medical bills or legal costs. It is often required as part of your lease agreement with a landlord. · Business Interruption Insurance: If something happens to your office — like a hurricane or fire — and you can’t see patients for a while, this insurance can help cover lost income and other costs. The key to the coverage is that there must be physical damage to the property. · Workers' Compensation Insurance: If you have employees at your office, workers' compensation is required may be required by state law. We recommend you get this coverage the first day you open. It covers the medical costs and loss of wages if your staff gets injured while working.

Need Help? Call Us!

Starting your own practice is a big step, but we’re here to help. Make sure you have the right insurance so you can focus on caring for your patients. Contact us today for guidance on setting up the perfect coverage for your new practice!