Do You Have Enough Dental Professional Liability Insurance?

As a dentist, you are probably already aware of how important it is to protect yourself from lawsuits and the resulting financial problems in case someone thinks that you or one of the people that work for you made a significant mistake. However, you may not be aware of how crucial it is to make sure that if you begin to offer sedation dentistry, that you must be sure to let your insurance provider know.

Understanding the Policy That You Currently Have

The policy that you already have may be known by one of three different names, including

  • Professional liability insurance or PLI

  • Professional indemnity insurance or PII

  • Errors & Omissions or E&O

Regardless, they are the same policy and provide the same coverage. As the volume of patients, type of treatments, address, or new partners in your business change, you must inform the insurance company of those changes in order to protect your financial interests. It is important to note that dental professional liability insurance will not protect you or anyone who works with or for you against any type of criminal charges or related fees.

However, your policy will cover alleged malpractice that includes any financial problems caused by error or any service that is provided in your office that is believed to have caused harm. You will also want to check on how much your policy will pay towards legal costs and whether or not that coverage would ultimately depend on the courts’ findings. It can be as expensive to establish that you did nothing wrong as it is to establish that you did, so adequate coverage for lawyer and court fees is necessary.

Important Considerations about Insurance for Sedation (Sleep) Dentistry

It is first important to remember that depending on the state you live in, sleep dentistry could be referred to as sedation dentistry. Regardless of their name, they are the same.

Even if you are only considering getting certified to offer it, due research should involve getting a quote from your insurance company for adding it on. Fortunately, it does not have to dramatically increase your premiums and there may not be an increase at all.

In conclusion, having enough dental professional liability insurance can save you from financial ruin if a patient believes that you or someone in your office made a mistake that negatively impacted them. Therefore, it is crucial to be sure that you notify your insurance provider, one like HMBD Insurance Services, if you begin to offer sedation dentistry.