Tom's Blog
If you are own a dental office/building, you know there are many aspects of it that need to be adequately safeguarded from the numerous risks that present themselves. Whether it’s your office building, high tech dental machinery, patients’ medical records, or computers, you need to have the right type of business insurance for your dental office, so you will have the insurance protection you need to ensure the peace of mind you deserve.
Imagine…
Suppose you have a new patient that needs a filling and the numbing procedure is administered. This particular patient has a negative reaction and breaks out into a rash, experiences difficulty in breathing, vomiting, and seizures. After undergoing medical treatment, your patient is now filing a lawsuit against you for the medical bills. Will you have the right type of insurance protection for this type of scenario or will this lawsuit expose you to financial ruin?
Below Are Some Typical Coverage Options to Consider, But Not Limited to:
- General Liability- Liability coverage is designed to provide the coverage you need for accidents that happen in your dental office. It encompasses protection for injuries to people and damages to property that occur, should you be held liable. An example of this would be if one of your patients slips on the floor because something wet has not been cleaned and suffers injury as a result.
- Business Property Coverage- Business property coverage provides protection for the dental/office building for damages resulting from “covered perils”, outlined in your N.C. business insurance policy. In addition, it also covers the contents inside your building such as office supplies, computers, and furniture.
- Business Equipment Breakdown- This coverage is very important when you consider the possibility of your dental machinery malfunctioning or breaking down. Would your business be able to survive financially if your specialized dental equipment stopped working and the business had to shut down temporarily? This coverage provides protection for these items in the repair/replacement should they malfunction and lost income replacement related to the business equipment breakdown.
- Identity Theft- Unfortunately identity theft has become the norm in our society and while we can’t stop it, we can protect our business and ourselves. Imagine hackers accessing all of your patients’ information that include addresses, medical information, social security numbers, and financial information. Not only are the patients now a target for identity theft, but also it impacts your business reputation. This additional coverage provides protection for costs associated with the end result of being hacked, such as recovering damaged/lost information, notifying patients, and establishing a stronger data security strategy.
Other Dental Business Coverage Options That Are Available for Your Protection:
Commercial Auto- If one of your business vehicles is involved in an accident, this coverage may pay for damages to the vehicle and any subsequent injuries caused by a covered auto accident.
Business Interruption- If a fire or some other covered peril strikes your dental facility, requiring you to shut down your business temporarily, this type of coverage can replace your business income that would have been earned.
Professional Liability– If you make “professional” errors in your employment/job function, this type of coverage provides protection against any legal actions that may result.
Employment Practices Liability– Dental offices employ many employees so this type of protection can be purchased for a nominal fee to protect yourself against lawsuits by current and past employees.
Your N.C. independent insurance agent can assist you with the type of business insurance you need to meet the unique needs of your dental practice. Knowing what type of insurance you need doesn’t have to overwhelming. Paramount Insurance Agency is here for you TODAY! Call us today at 866-869-3335 to discuss all of your dental office business insurance needs.
