Dental Clinic Insurance

What Insurance Do I Need as a Dentist?*

Some of the major types of business insurance covers we may assist dentists with are explained below and include:

• Business Insurance Pack
• Public Liability Insurance
• Plant and Equipment Insurance
• Cyber Insurance

Business insurance pack for dentists*

Dentists may be able to combine multiple covers in a single business insurance pack policy.

By ‘packaging’ their business insurance into a ‘business pack’ dentists can potentially cover many of the risks their business faces in the one policy.

For example, with a dentist’s commercial premises, a business insurance pack may provide cover for buildings and contents if they are accidentally damaged by a defined event, such as fire, storm, impact damage, accidental damage, vandalism, or malicious damage.

Other typical inclusions for dentists with a business insurance pack are Public Liability Insurance and Product Liability Insurance.

Optional inclusions for dentists with a business insurance pack are General Property, Contents, Machinery Breakdown, Plant and Stock, Theft, Glass, Money, Business Interruption and Marine Cover.

For example, the replacement of Patient chairs ,Dental lights , and Sterilization equipment may be covered in the event of a fire, and loss of profits may be covered under business interruption if caused by a defined event.

Coverage under a business insurance pack for dentists varies depending on the cover options dentists select.

Consider if your dental practice is adequately insured so that your business can resume from where it left off before the accident.

That means being able to rebuild and replace the buildings, equipment, and contents at today’s prices quickly.

Smart Tip: It is important to note when providing information on insured values that premium savings for a partially insured dental clinic won’t make a great contribution to covering any shortfalls if you are underinsured.

Multiple dental clinic locations may be able to be covered on the one business insurance pack policy.

Call 1300 542 573 to talk to a SMART business insurance broker who may be able to assist you in finding suitable cover at an affordable cost.

Plant & Dental Equipment Insurance for dental clinics *

Plant & Equipment Insurance may provide cover for owners of dental clinics that operate equipment such as Fridges, Patient chairs ,Dental lights , Sterilization equipment , Dental tools and instruments.

Cover may provide dentists with protection for theft, damage, consequential loss, liability, and machinery breakdown.

Cyber Insurance for dental clinics *

Your dental clinic credit card processing system is a target for hackers as is your networked computer system that contains confidential client data.

If you are hacked and incur a data breach you may incur significant tech bills, be open to be sued by frustrated customers, and may be subject to thousands of dollars in government fines.

Help reduce the impact of damages from data hacking with cyber insurance – and keep your dental clinic going.

Why do dentists need product and public liability insurance?*

Public Liability Insurance coverage is essential for all dental clinic owners.

In Australia, public liability insurance also typically includes product liability insurance.

People and property on site may be hurt or damaged due to accidents involving your dental clinic business activities.

Protections offered to self-employed dentists by public liability insurance in Australia generally include:

• Injury to other persons due to your dental clinic activities –Where a dentist’s business activity causes harm to a third-party person. For example, a client is injured when they trip and fall in your dental clinic.
• Damage to others property due to your dental clinic activities – Where a dentist’s business activity causes damages to a third- party’s property. For example, a dentist may accidently cause damage to a supplier’s van when unloading.
• Harm to other persons or other persons property due to your dental clinic business’s basic retail products – Where a dentist business’s basic retail products and goods supplied causes harm to a third party -person or a third- party’s property. For example, a travel set or everyday toothbrush.

Public liability insurance coverage may protect dentists from claims that arise when others allege they are negligent.

A dentist’s public liability policy may provide a defence against the ensuing lawsuit when needed and may pay the damages sought by the injured party.

Public Liability Insurance may provide dentist with protection for slip-and-trip accidents, serious illness caused by products sold to clients.