Dentist's professional liability insurance

[FremontDDS]

Hello,
I am trying to find some info on what are the best compagnies to get one, and how much does it usually cost for a new dentist graduate going to start working in a private practice.
Thanks.

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[Daurang]

Your first year is pretty cheap. I remember it was around $400 back in 2000. The it gradually increase until it stabilize to $1400/year.

 

[FremontDDS]

Your first year is pretty cheap. I remember it was around $400 back in 2000. The it grually increase uuntil it stabilize to $1400/year.

Thanks for your answer, not sure I understand why is it cheaper the first year since you don't have a lot of experience.

 

[apaul]

you dont really do much your first year either

 

[Daurang]

If you treat 1000 patients in your first year, your exposure to patients is 50X less than someone who has seen 50,000 over ten years; thus your risk is lower. As you get more comfortable with common procedures, you move on to surgical extraction, nitrous oxide, dental spa, etc. so you also increase your risk.

 

[DrJeff]

Dental malpractice insurance is way, way less expensive than medical malpractice insurance.

As Daurang has eluded to, with the coverage that many dentists choose, 1,000,000/3,000,000 and a few years experience under your belt, your premiums tend to end up in the 1,200 to 1,500 a year range. Slightly more if your a specialist(especially oral surgeons with their sedation usage). A couple of the larger dental malpractice insuarnce companies are The Medical Protective Company (a subsidiary of GE financial) and Fortress Insurance Company.

 

[FremontDDS]

Thanks guys for your answers.