insurance for dental labs

why do dental labs need insurance?

Insurance for dental labs

Get a quote on Dental Laboritories Insurance now.

The fabrication of dental prosthetics and other oral devices comes with the risk of malpractice claims. While specific statistics on claims against dental labs are scarce, insights from the broader dental profession shed some light on the risks facing dental labs and the need for appropriate insurance coverage.

Dentists, who often work closely with dental labs, face a notable risk of malpractice claims. Between 2010 and 2021, dentists and dental hygienists were responsible for approximately 11.5% of the medical malpractice payments reported across all medical specialties. This percentage, based on data from the National Practitioner Data Bank, highlights the potential legal risks in the field of dentistry, which by extension, can impact dental labs.

The common reasons behind dental claims include issues like improper crown/bridge placement, incorrect drug prescriptions, and complications in various dental procedures. These are areas where dental labs are indirectly involved, emphasizing the importance of insurance coverage that can safeguard against such claims.

Given these factors, it’s essential for dental labs to secure comprehensive malpractice insurance. This type of insurance can provide financial protection against claims related to errors or negligence in the fabrication of dental products. With the right insurance coverage, dental labs can focus on delivering high-quality products without the looming threat of legal repercussions.

what types of insurance do dental labs need?

General Liability Insurance

General Liability Insurance

General Liability covers medical expenses and attorney fees which result from bodily injuries and property damage that your facility or organization could be legally responsible for.

Professional Liability Insurance

Professional Liability Insurance

Also known as malpractice insurance, this  protects facilities against claims related to malpractice, negligence, or injury resulting from resident care. Staff members will typically be covered by professional liability insurance.

Business owner's policy (BOP insurance)

Business owner's policy (BOP insurance)

A Business Owner’s Policy (BOP) is a comprehensive insurance package designed for Medical Professionals with small to medium-sized businesses, providing a blend of liability protection and property insurance.

Commercial Property Insurance

Commercial Property Insurance

This protects your facility against damage or loss to your buildings, equipment, and other property, which can happen as the result of various risks such as fire, theft, or vandalism.

Workers Compensation Insurance

Workers Compensation Insurance

Workers Compensation Insurance is usually mandated by law, to protect independent living facilities and their employees in case of work-related injuries or illnesses.

Cyber Liability Insurance

Cyber Liability Insurance

Covers your organization against financial losses associated with data breaches, cyber attacks, and other cyber incidents. Insurers will usually conduct rigorous testing of your online systems as part of this policy package.

Contact Michael Richards now

Michael Richards, President, Westwood Insurance Group

Michael specializes in insurance for this particular group. You can call him or one of the team on the number below or fill out the form and he will get your message directly:

we've got you covered

General Liability Insurance

Protecting healthcare organizations against increasingly crippling litigation.

Professional Liability Insurance

Protecting medical professionals against increasingly crippling litigation.

Medical Malpractice Insurance

Protecting medical professionals against increasingly crippling litigation.

Cyber Liability Insurance

Protecting healthcare organizations & professionals against cyber attacks.

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855.351.7487

insurance for hospitals

Hospital Insurance typically covers all or part of the potential liability for hospital services. It includes medical malpractice, accidents involving hospital employees and equipment, care during surgery or any other invasive treatment, after-hours care arrangements by staff who need help with their children and more.

insurance for long term care facilities

Long term care facilities must protect themselves against potential liability arising from incidents within their facility. Westwood can help you negotiate a package tailored to your long term care facility client.

traditional insurance products

Westwood have fostered exceptional relationships with underwriters and we go to great lengths to keep abreast of their latest products, changes in requirements and restrictions, including having weekly calls with the carriers, which you can see here, by joining our insurance insider group.

    Insurance products at Westwood Insurance Group

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    If you have any questions on the different policies, check out our Insurance FAQ’s

    alternative structures

    Westwood President, Michael Richards has extensive experience in setting up alternative structures for larger clients. Here are some examples:

     

    If you think your client could be large and stable enough to benefit from starting or participating in a captive or has a special need for another alternative structure, contact Michael Richards now by phone: 855 351 7487.