One of the aims of our Florida dental malpractice insurance agency is to be sure all of our dental clients qualify for the maximum credits on their dental malpractice insurance policy. The following is a list of some of the credits available to Florida dental practitioners on their dental malpractice insurance. If you have not been made aware of these credits, you could be robbing yourself of valuable premium savings.
Some dental malprctice insurance companies give significant premium credits if you have not had a claim in the recent past. Claims-free credits average around 10% of the annual policy premium.
Risk Management Credit
Most dental malpractice insurance companies give a premium credit if you successfully take one of their Risk Management courses. This Risk Management credit is generally around 10% of the annual malpractice policy premium. The benefit of taking a quality Risk Management Course that focuses on dentists is the ability to help avoid claims in the first place. A dental malpractice claim is very costly, both in terms of time, treasure and emotional health. The very best practice is to do everything possible to avoid a claim in the first place.
Most dental malpractice companies in Florida adjust their rates according to the nature of your dental practice. For instance, some dental malpractice companies rate up for the use of anesthesia, including general, IV or IM sedations. Some rate up if you remove impacted wisdom teeth or place dental implants. If you do not perform any of these procedures, you dental malpractice insurance premium will generally be lower, depending on the company. This is why it is good to shop your dental malpractice insurance every so often, in order to qualify for the very best rates available.
New Companies in the State of Florida
Dental malpractice insurance companies entering the State of Florida generally reduce their rates to attract new dentists. In most cases, rates for their dental malpractice insurance policies have remained stable. There is significant competition, tort reform initiatives have reduced claims frequency, and the effects of meaningful risk management courses are being felt. Again, this is why you should regularly shop your dental malpractice insurance with an agent who represents more than one dental malpractice insurance company.
Gracey-Backer, Inc. is a full-service dental malpractice insurance agency. We represent several of the major Florida dental malpractice insurance companies. We offer our dental clients a wide spectrum of insurance services, including office policies, workers compensation insurance, personal home and automobile insurance and personal excess liability insurance.