Reviewing you Dental Practice Insurance requirements can be a minefield. So what covers are legally required and what are recommended?
As an employer, you have a legal obligation to hold Employer’s Liability Insurance.
Employers’ liability insurance safeguards the practice against legal and compensation expenses from employee claims. If one of your employees falls ill or sustains an injury in the context of the work, they do for you, you could be held liable.
Employers liability is usually included within a dental practice or surgery insurance package policy. This package policy will insure against typical perils such as fire, storm, flood, escape of water, theft, or attempted theft.
The dental practice insurance policy would cover surgery contents, buildings (if required), business interruption, public liability and of course employer’s liability coverage.
An employee slipping or tipping is possible, but it is not the only risk as you face as an owner of a dental practice. It’s not just the obvious things that can go wrong that you need to protect against.
As well as the Dental Practice Insurance we would recommend a practice owner to consider the following:
- Dental Practice or Surgery Insurance
- Pressure Vessels Inspection
- Vicarious Liability Insurance
- Data Breach Cover or Cyber Insurance Cover
As an owner of a dental practice and an employer you can be held responsible for the negligent acts and omissions of an employee and/or associate.
We therefore recommend Vicarious Liability cover which will protect against such claim arising.
Data Breach Cover
The BDA suffered a large Data Breach in 2020 and the costs are likely to run into hundreds of thousands. Data breach insurance is a type of monetary coverage purchased by practices to protect financial interests in the event of data loss.
Data breaches occur for several reasons, including hacking and poor cybersecurity procedures.