Liability coverage is basically the cover that is given to professionals who are into direct business with the customers. There is always this risk of
Liability coverage is basically the cover that is given to professionals who are into direct business with the customers. There is always this risk of the client suing a professional for lack of service or any other loss that is caused to them within the work premises of the professional. For dentists, liability coverage is even more important as this profession requires interaction with the patients and as such more care is needed to be taken for executing the duties.
Are Professional Liability And Malpractice Liability Same?
Being a dentist, most of the time you are subject to giving judgments or execute some sort of activity in the mouth of the patient. Sometimes things may go wrong and this is referred to as malpractice liability as several dentists are there who are not skilled enough to carry out their tasks perfectly. In case there is some malpractice while performing the duty, the patient may sue or demand to settle a heavy claim which in turn makes the dentist a victim of legal proceedings.
Typically when we are thinking of malpractice, people who come to our minds are physicians and dentists. Therefore these professionals should take this type of insurance coverage and keep it handy always as this may come into picture any time during the course of duty.
Why Do Dentists Require Professional Liability Insurance
Dentists usually keep this policy as they never know when they will require the need of the policy. Sometimes professionals take up this policy immediately after graduating as they may require to practice. Strangely there are several dentists who are still devoid of a professional liability policy thinking that it might be an overhead of expenses for paying the premium every year. However there is more to just providing a third party liability coverage to the dentists in this sort of policy.
Sometimes the professional liability policy for the dentists is extended to cover the oral hygienist and oral surgeons who also play an important role in an organization. These non-dentist staffs though do not have so much role to play like a dentist, they have a major portion to do in conducting the duties. If an alleged error occurs during performing the duties by the hygienist, then the claim brought against the hygienist might be a claim brought against the dentist and therefore the dentist should be aware to cover the entire staff under this policy by paying little additional premium.
Claims Made And Occurrence Made Professional Liability Policy
The dentist professional liability policy is largely categorized into claims-made and occurrence-made insurances. Claims-made insurance provides a coverage against the malpractice claims if a particular company is the insurer during the occurrence of the claim and the case is filed during that particular time. In an occurrence made liability policy, no matter which company you are working for and which location you are staying now, the insurance coverage is extended.
A dentist needs to know the differences between these two types of policies and take the decision to take up a malpractice liability or professional liability policy accordingly.