When operating a dental laboratory, getting business insurance coverage to protect your laboratory should be top priority.
General liability insurance protects your business from financial strife of customer's legal or medical costs for injuries while on your business’s property. The policy will cover your legal defense and the costs associated with the loss if you are found liable, up to your policy limits.
Property damage, whether it is from fire, extreme weather conditions, or natural disasters, flood from severe rainstorm, property coverage insurance would cover the cost of repairing or replacing your business-related property including structural damage to your building and the business materials you store there.
Workers compensation insurance is required by law in most states of the US. If an employee is injured in a work related accident, workers compensation will pay for their medical care and recovery expenses. Your business will also not be responsible for the damages or sued by your employee.
Professional liability, also called errors and omissions insurance, protects you from negligence claims based on mistakes or failure to perform your service. If a patient sues you, claiming that your treatment caused them harm, your policy would pay for your legal defense and for a settlement.
The dental work you perform depends on the reliability of your office's sophisticated equipment—dental vacuum systems, cabinet-mounted X-ray machines, computer imaging systems and more. This specialized coverage can help pay to repair your expensive dental tools if they malfunction.
Identity theft can be a serious concern for your patients, if their electronic records were to be stolen or damaged, this coverage could help reimburse you for costs associated with notifying your patients, offering credit-monitoring services, recovering damaged data and more.
The risks for dental related business can be very wide because of the many different exposures involved with your business activities. Naturally you want to make your clients happy and keep them as safe as you can while also protecting your business and keeping it profitable at the same time.
Due to the nature of operating a business such as this, you’re exposed to a variety of risks including equipment breakdown, professional mistake or patients data compromise, accident on business property or natural disaster that causes substantial property damage. The right kind of dental office insurance can protect you from risks and helps your business thrive.
Running a dentistry business without insurance is taking a mighty huge risk. Our broad, tailored coverage options and enhancements are based on our deep knowledge and experience in the dental laboratory insurances, and specifically designed to meet the needs of our customers.
At Business Insurance Agency, we will take the time to get to know your business and assess the risks involved in your business, and can assist you with the right coverage options you need at an affordable price.
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