Coverage Issues | Dental Professional Liability Insurance | Professional Protector Plan for Dentists

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Claims-made Coverage: Today’s Limits for Last Year’s Incidents

The primary benefit of the claims made policy is the ability to reevaluate both your limits and your insurance company on an annual basis. While we can help you purchase adequate coverage for today based on the current claims climate in your area, we have no way of predicting the liability climate of the
future. Only a claims made policy allows you to increase your limits for prior events effective immediately and, should you change carriers, to have your new carrier provide coverage for past incidents. 
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Insuring Your Leased Equipment

Perhaps you, like many dentists, have leased new equipment and financed it through a leasing company. These companies almost always require you to provide proof of property coverage for the leased equipment, and to name the leasing company as a loss payee on your insurance policy. If you do not provide proof of coverage within approximately 30 days, the leasing company will often provide it for you, which can be a costly proposition. 
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Liability Insurance: Rational Protection in an Irrational World

A Professional Protector Plan (PPP) package policy includes several types of liability insurance protection, including professional liability and general liability. In addition, the policy provides protection against products liability and vicarious liability under both of these coverage parts. Why is it so important to insure against all of these forms of potential liability? First, because liability is unpredictable, and second, because insurance is the best means of protecting your assets in the event of a court’s finding of
liability. 
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Name that Professional Corporation

If you are like most dentists, you have organized your business as a sole proprietorship, a professional association, a corporation or some combination of these entities. It is very important that these business structures be named in your professional liability policy. 
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Practice Changes? Keep Your Agent in the Loop

Check your calendar – chances are good that your Professional Protector Plan (PPP) policy renewal date is coming up soon. As in the past, not long before you receive your policy and invoice, your PPP agent will likely contact you either by telephone or through the mail with a short renewal application. This prerenewal process is not just a formality: it allows your agent to assist you in assessing your practice and obtaining adequate protection. 
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FAQ’s – Changing Carriers

Q. I’m considering changing my malpractice insurance carrier. Could this create a coverage gap?
A. It’s quite possible, depending on what type of insurance you have and what type you’re considering purchasing. Claims-made policies cover claims that are first made against you while the insurance is in force, based on incidents that occur after the prior acts date. 
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FAQ’s – Limits of Employee Dentist Coverage

Q. I am employed as an associate dentist in a multi-office practice. The practice owner recently asked me and all other employee dentists to sign a new contract which differs from the previous contract under which we have all worked. The differences are that the owner has asked each of us to increase our professional liability insurance limits from $1 million (per occurrence)/$3 million (policy aggregate) to $3 million/$5 million, as well as to add his practice entity (“ABC Dental”) as an additional named insured under our policies. I feel uneasy about his request and am hesitant to comply, although I’m not certain I understand exactly why. Is there any real risk to me, or am I being unreasonably concerned about this? 
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