If your dental indemnity renewal date is coming up this August, now is the time to review your cover and make sure you have the right policy that will protect you over the next year, and beyond.
How do you know if you have the right level of dental indemnity insurance for you?
Do you know what you are and just as importantly, you are not covered for under your dental indemnity insurance policy? When you don’t have the time to sift through terms and conditions yourself, it is important that your policy is written in plain language and you have a specialist broker to explain any queries you have.
Top things you should look out for in your policy:
Claims occurrence based
This is generally preferable to a claims made policy as the cover protects you from claims for events that took place during your period of cover, even if the claim was made after your policy expires. With a claims made policy, you will likely need run-off cover to provide the same level of protection as a claims occurrence policy, for when your insurance expires.
Contractual vs discretionary insurance.
Traditionally, dentists have purchased insurance cover from defence organisations. While this has its benefits, the cover provided is generally on a discretionary basis – i.e. there is no legal contract binding them to pay out on a claim. When you purchase a policy from an insurer, you will have the added peace of mind of a contractual policy, where the provider has the obligation to support you throughout any legal battle and pay out on valid claims.
Ideally, you will find a policy that has a zero excess, so you are not out of pocket during any claim.
Approved for GDC registration and revalidation.
You are required to have a valid insurance policy to renew your registration with the General Dental Council. Make sure that any policy you choose is accepted by the GDC for your professional membership.
While this might seem like a ‘nice to have’, rather than an essential part of your policy, during a claim you will definitely see the benefits of speaking with someone who has legal knowledge, as well as an in-depth understanding of your profession. You will receive support and advice based on what you personally need, and not just from a legal perspective.
You should always consider what additional benefits your policy brings and consider if these are worth any additional premium you may pay. Good benefits for dental professionals include, cover for breach of professional confidentiality, support to mitigate damage from claims, Good Samaritan cover and PR support to protect your reputation during a claim.
What’s new with AMP’s dental indemnity insurance
All Med Pro recently launched a new and improved Dental Indemnity insurance policy. The new cover has been developed to meet the changing needs of dental professionals and reflects the dental industry of today.
As well as being claims occurrence based and contractual cover, as well as approved for GDC registration and revalidation, it has a whole host of other benefits – as you would expect from a policy with All Med Pro.
Find out what is included in All Med Pro Dental Indemnity insurance
Speak to a member of the team
We will always give honest and open advice about the level of insurance you need. To make sure that you are getting the most from your indemnity policy over the next year, and into the future, contact us.