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An A rating and other signs of a strong insurer for CDA member dentists

March 30, 2022 972

Quick Summary:

In February, The Dentists Insurance Company received an A (Excellent) rating from AM Best for the 28th consecutive year. This sustained A rating reflects TDIC’s commitment to consistently review trends, audit service processes and evolve with policyholders’ needs. Because TDIC has earned a reputation for an excellent ability to meet insurance obligations, policyholders benefit from more security — even in a dynamic market and during challenging times.

Your choice of an insurance carrier isn’t one to be taken lightly. As a dentist, you’re seeking a long-term relationship that keeps pace with changes in your life, practice and profession. Want the confidence that you can count on your insurer? Here are three factors for consideration: good recommendations, an A rating and a solid reputation.

1. The trust of your colleagues

Dentists often rely on peers and brokers for coverage recommendations. If facing a claim, you’ll want the peace of mind that your insurer is in your corner.

In 1980,  a small group of California Dental Association members took action in a climate of skyrocketing malpractice rates by founding The Dentists Insurance Company. The company has since grown to protect a community of 24,000 dentists across 15 states — with a board led by dentists and products approved by your peers.

This leadership develops the policies, procedures and regulations for the operation of TDIC and its broker, TDIC Insurance Solutions. If, for example, the company’s underwriters were not going to insure a dentist, that individual would have the opportunity appeal to a panel of their peers. From dentist-led decisions to dividends returned to policyholders, TDIC keeps the best interests of policyholders at heart. It’s a philosophy that has earned the trust of members of organized dentistry.

More CDA members choose TDIC for professional liability coverage than any other insurer. And California is not alone. That confidence is underscored by earned endorsements from nine state dental associations.

2. The strength to weather change

In addition to trusted recommendations, objective ratings are a strong indicator of a company’s strength. Founded in 1899, AM Best is the world’s largest credit rating agency specializing in the insurance industry. AM Best ratings include assessments of such factors as:

  • Comparisons to industry standards and peers
  • The ability to pay claims, debts and financial obligations in a timely way
  • Sound business philosophy, management and operating performance
  • Enterprise risk management, including underwriting and investment risks

Access to objective information about insurers’ financial strength and stability can help you make informed coverage decisions.

In February, The Dentists Insurance Company received an A (Excellent) rating from AM Best for the 28th consecutive year. This sustained A rating reflects TDIC’s commitment to consistently review trends, audit service processes and evolve with policyholders’ needs. Because TDIC has earned a reputation for an excellent ability to meet insurance obligations, policyholders benefit from more security — even in a dynamic market and during challenging times. TDIC is built to be there when dentists need them most.

3. Dentistry-focused experience

To protect dentists better than any other insurer, a company also has to understand dentists and their profession better. TDIC’s agents, analysts, legal team and in-house claims unit all deliver specialized expertise. With a singular focus on dentists for 41 years and counting, TDIC understands the details that make a difference in dentistry. CDA members have support to find the right coverage, benefit from annual policy reviews and manage their risks.

Access to TDIC coverage in California is only available to CDA members. Learn more about this membership benefit and explore strong coverage options for every stage of practice at tdicinsurance.com.

AM Best Company rating effective February 2022. For the latest rating, access ambest.com.