As oral surgeons, your expertise covers a range of intricate procedures addressing oral health concerns. But with expertise comes the responsibility of managing risks and safeguarding your practice.
1. What is oral surgeon-specific malpractice insurance? Oral surgeon-specific malpractice insurance is a specialized form of professional liability insurance designed to protect oral surgeons against claims alleging negligence or malpractice in the course of performing oral surgery.
2. Is my specialty covered under general dentistry malpractice insurance? While some aspects of oral surgery might be covered under a general dentistry malpractice policy, it's crucial to verify coverage details with the insurer, as oral surgery often involves procedures and risks not typically associated with general dentistry.
3. What type of claims are typically covered by oral surgeon malpractice insurance? The policy typically covers claims related to alleged errors, omissions, or negligence in the performance of oral surgery, including improper treatment, surgical mistakes, or failure to obtain informed consent or properly inform the patient about the risks.
4. What are the average premium costs for an oral surgeon? The cost of premiums varies widely based on factors such as location, the surgeon's years of experience, claims history, and the amount and type of coverage. You should consult with insurance providers or brokers for specific rates.
5. What is the difference between claims-made and occurrence-based policies? A claims-made policy covers incidents reported during the policy period, regardless of when they happened. An occurrence-based policy covers incidents that occurred during the policy period, regardless of when they are reported.
6. Does my malpractice insurance cover cosmetic oral surgery? Coverage for cosmetic procedures may vary depending on the insurance policy. Some policies may cover them, while others may not. It's crucial to confirm this with your insurance provider.
7. Can I get coverage for procedures done under general anesthesia? Coverage for procedures performed under general anesthesia is generally included in oral surgery malpractice insurance, but you should verify this in your specific policy.
8. What happens if I retire or move to a different state? For a claims-made policy, you may need to purchase tail coverage to protect against claims made after you retire. If you move states, you'll need to ensure your policy provides coverage in your new state.
9. What is 'tail' coverage and do I need it? Tail coverage, or extended reporting period coverage, provides protection for claims made after your claims-made policy ends. It's beneficial if you retire, change jobs, or switch insurance companies, as it covers incidents that occurred during the active policy period.
10. What is a consent to settle clause, and why is it important? A consent to settle clause requires your insurer to obtain your consent before settling a claim. This clause is important because a settlement can affect your professional record and future insurability.
11. What's the process for dealing with a claim against me? If a claim is made, you should promptly notify your insurer. They'll provide a claims adjuster or legal counsel to guide you through the process, which could involve settlement negotiations or a trial.
12. Does my insurance cover legal defense costs? Most professional liability insurance policies cover legal defense costs associated with a covered claim, but this should be confirmed in your policy terms.
13. How can I lower my premium costs? Some insurers offer discounts for risk management education, a claims-free record, or bundling policies. Adjusting your coverage limits or increasing your deductible might also lower your premium, but it's important to balance cost savings with adequate protection.
Contact SelectFirst Insurance today for help with your Medmal insurance. Call (888) 966-3881 or Email us at email@example.com.