About Dental Malpractice Insurance
Malpractice Insurance (also referred to as"Errors & Omissions Insurance" (E&O) or "Professional Liability Insurance") is essential for medical professionals because the stakes are high when dealing with someone's physical health. If you make a mistake while rendering your service, you could cause your patient pain, time away from work, and financial losses. When this happens, they could sue you for dental malpractice.
Dental Malpractice Insurance steps in to spare you from the high costs of such liability suits. Even when you haven't made any mistakes, you could still be sued if your patient is dissatisfied with the results of your services.
Malpractice Insurance protects dentists from lawsuits over…
- Professional negligence.
- Incomplete work.
- Faulty or shoddy services.
- Misrepresented services.
For example, let's say in order to give your patient the perfect smile they're after, you cover their discolored and chipped teeth with crowns — 22 of them, to be exact. Additionally, you diagnose cavities without taking photos or X-rays. After all the dental work is complete, your patient is still suffering from pain and sensitivity weeks later. They decide to sue and win a Malpractice suit, leaving you to pay $700,000 in damages.
Fortunately, your Malpractice Insurance will cover the claim, including your legal defense fees, settlement, and other costs related to the initial charge (up to your limits). Because Dental Malpractice Insurance is claims-made coverage, though, you must be sure your policy is in force at the time of the incident and when the claim is filed to receive your compensation.