Dental malpractice insurance, provides professionals with protection from patients or coworkers who claim their negligence at work caused an injury.
This could be a wrong diagnosis, an infraction of HIPPA privacy laws, or any number of things. While many employers may claim to cover malpractice related claims, it is always best for dentistry professionals to have their own policy in their name. If not, their interest could be viewed as secondary to the employer, clinic, or office that owns the policy.
It is recommended that dental professionals have their own professional insurance policy that puts their personal interests first. If a dental professional depends solely on their employer’s insurance policy, their interest will likely be viewed as secondary to the employer, clinic, or office that owns the policy. The employer’s shared Dental liability insurance policy may also have inadequate coverage limits should a claim be made against multiple employees, or the entire clinic. That means that other policy holders could use a significant portion of the coverage which leaves little for additional employees, enhancing the risk of personal losses. An individual dentistry malpractice policy is the best way for dental professionals to protect their career. Having your own Dental professional liability insurance policy means having a team that is focused on YOUR personal interests, not your employers, co-workers or anyone else involved. Plus, it follows you wherever you go; whereas an employer’s policy will only cover you during working hours and on employment premises.
Not all insurance plans are created equal. CM&F has created a tailored insurance policy to meet the specific needs of dentistry professionals. With individual malpractice coverage, the monetary coverage in the policy is guaranteed. If the policy was a shared employer provided policy, the monetary coverage is shared amongst all participants in the policy.
That means that other policy holders could use a significant portion of the coverage which leaves little for other professionals, enhancing the risk. An individual malpractice policy is the best way for dentistry professionals to protect their career.
What types of dentistry professional malpractice insurance policies does CM&F offer?
There are two types of basic malpractice insurance policy options: Occurrence and Claims-Made. CM&F offers occurrence malpractice insurance for dentists, in addition to claims-made policies. An occurrence policy means that if a claim is made against a dental professional regarding a past incident that occurred during a time they were previously covered under CM&F liability insurance, that claim will be covered by CM&F even if the dental professional has since ended their liability coverage. Since most malpractice claims are made 18-24 months after an incident occurs, this type of protection is very important. Claims-made insurance policies only protect professionals if they have insurance at the time of the claim. With occurrence policy insurance, there is no need for dental professionals to renew or buy tail coverage should they choose to leave CM&F or retire.
CM&F dentistry malpractice insurance for dental professionals is portable, which means as the dental professional moves, so does the coverage. CM&F’s malpractice insurance is attached to the individual dental professional, not their place of work. Not having your own, portable coverage separate from your employer’s shared policy limits your protection to duties performed for that sole practice. For dentistry professionals who moonlight, work at multiple places, or have private clients, a portable malpractice insurance plan is a must – and with CM&F, only one policy is required to cover the individual at any amount of workplaces.
CM&F was founded over a century ago. Through up and down markets, CM&F’s dedication to dental professionals has never wavered. CM&F remains committed to making it easy and cost-effective to secure vital professional insurance coverage with: