At The Dentists Insurance Company (TDIC), protecting dentists is all they do. This could be why 4 out of 5 CDA members choose TDIC for their Professional Liability insurance.
Now is an ideal time for dentists to re-evaluate insurance coverage, which can have huge implications on the lives of their families and their ability to retire. Life Happens, a nonprofit organization formed in 1994, has dubbed September Life Insurance Awareness Month. The associated awareness campaign is intended to help consumers understand life, disability, long-term care and health insurance.
To make the transition from dental school to the workforce easier, TDIC is offering newly licensed dentists their first year of Professional Liability insurance for just $50. In addition, new dentists receive a 45 percent discount in their second year of practice and a 25 percent discount in their third. Founded more than 30 years ago by CDA dentists, TDIC now protects more than 18,000 dentists nationwide.
May is Disability Insurance Awareness Month, which makes it a good time for dentists to make sure that their futures are protected. Dentists who do not have disability insurance and/or business overhead expense insurance, are one accident away from having to deal with insurmountable office overhead expenses and the possibility of being forced into closing their practice. TDIC is encouraging dental professionals to consider the important role disability insurance plays in an individual’s financial security.
The Dentists Insurance Company has announced its 20th consecutive year earning the A.M. Best Company’s “A” rating. The A.M. Best Company rating includes comparisons to peers and industry standards as well as assessments of operating plans, philosophy and management.
There is still time to register for the remaining seminars in TDIC’s fall lineup of The High Cost of Shortcuts. TDIC is offering the Risk Management seminar to help dentists avoid lawsuits related to incomplete documentation or failing to fully inform patients. The High Cost of Shortcuts presents real case studies to dentists and staff members to help them understand best practices on creating a proactive approach when multiple dentists treat one patient, establishing office procedures when patients complain of pain and more.
Employment Practices Liability insurance, often referred to as EPL, provides protection for dental practice owners against specific claims made by employees, former employees or prospective employees. EPL covers employment-related claims such as discrimination because of age, sex, race or disability, wrongful termination and sexual harassment, and pays for defense costs, settlements and civil damages in the event of such allegations. Risk Management analysts at The Dentists Insurance Company say it is common for policyholders to mistakenly think their Professional and Business Liability insurance covers employment-related lawsuits.
New dentists who have sent out their resumes and cover letters to practices in search of employment should be prepared for the possibility of a working interview. Working interviews in dentistry are common because they allow candidates to practice in the clinical setting and provide the opportunity to observe how the practice owner conducts the office. It’s also the best way for practice owners to observe new dentists’ techniques and see how they interact with patients and staff.
It is becoming increasingly more important for dentists to keep track of dental insurance. Michael Perry, DDS, founder and president of Momentum Dental Business Consulting, led a course at CDA Presents The Art and Science of Dentistry in Anaheim last month that gave dentists an idea of how they can choose the appropriate insurance model for their dental practice rather than “letting the model choose them.”
We are entering May, which is Disability Insurance Awareness Month, and a good time for dentists to make sure that their futures are protected. Disability Insurance Awareness Month was named by the LIFE Foundation, a nonprofit organization dedicated to helping consumers make smart insurance decisions to safeguard their families’ financial futures.
TDIC Professional Liability policyholders whose Risk Management premium discount expires soon should register for their last chance to complete TDIC’s Risk Management seminar, The High Cost of Shortcuts.
The Dentists Insurance Company has announced its 19th consecutive year earning the A.M. Best Company’s “A” rating.
To make the transition from dental school to the workforce easier, TDIC is offering newly licensed dentists their first year of Professional Liability insurance for just $50.
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