As an orthodontist, you are responsible for giving people the confidence to face the world with a full smile that features beautiful, perfectly-aligned teeth. Your services are necessary and very appreciated by clients who have lived their lives with disfiguring or painful dental issues that you are able to correct with your skill and experience. But at the same time, your professional services put you at risk of the major financial setbacks that can result from being sued or from having your commercial property and equipment destroyed by factors such as fire, natural disasters and vandalism.
Make sure you have the Calgary orthodontist insurance coverage you need by calling Krywolt Insurance and speaking directly with one of our experienced commercial insurance brokers. We'll track down the coverage you need so you can rest assured you are protected from unexpected expenses that could seriously hurt your bottom line.
It's important to invest in the right Calgary orthodontist insurance coverage so you have the peace of mind that comes with knowing you are protected from paying out of pocket for costs such as legal defence in court or property damage restoration. Those types of expenses are typically far too costly for an individual to comfortably handle on their own, so proper insurance coverage is an absolute must-have to protect your own financial well-being and the success of your business.
A complete Calgary orthodontist insurance package includes coverage for liability issues as well as property coverage in case your commercial office or dental clinic, or the contents of the building, such as your orthodontics equipment, are destroyed or damaged. In the event of an insured peril, your orthodontist insurance carrier will provide you with insurance compensation in varying amounts up to your coverage limits so you can deal with costs such as attorney fees, settlement expenses, property damage restoration, equipment replacement or repair and much more, depending on the types of Calgary orthodontist insurance coverage that are included in your insurance package.
If you own an orthodontics practice, it's important that you have the best possible Calgary orthodontist insurance to address your risk exposures. All orthodontists need insurance protection, including those who specialize in:
Every employee of your office needs insurance coverage, and this is typically accomplished by the business owner, including their employees on their relevant insurance policies as "additional insureds."
The coverage you need and want from Calgary orthodontist insurance can vary quite a bit based on factors such as the types of cosmetic procedures, restorative treatments and other orthodontic procedures you offer.
When it comes to commercial insurance policies, including orthodontist insurance, Calgary business owners will find that certain types of coverage, such as commercial general liability insurance and commercial property insurance, are standard because they're needed by every type of business owner to help them avoid out of pocket expenses such as building restoration or legal mediation. However, there are many other types of optional insurance coverage that are worth considering for your Calgary orthodontist insurance package.
Regardless of the type of business you run, your commercial insurance package needs to include commercial general liability (CGL) coverage. Of course, an orthodontic office is no exception. CGL insurance is applicable to the costs of liability scenarios in which you or your employees are alleged to have caused third-party bodily injury, third-party property damage or personal harm that is unrelated to your orthodontic services. Personal harm that is related to your services would be covered under professional liability.
For example, if a client came into your office and broke their ankle, tripping over a loose extension cord, they could sue you for causing third-party bodily injury to recover the cost of their medical expenses, lost income if they're unable to work during recovery and more. In a situation where you or your employee is accused of causing third-party property damage or bodily injury, commercial general liability on your Calgary orthodontist insurance will provide coverage for your attorney fees and legal mediation, as well as settlement expenses such as medical bills and replacement of damaged items, up to the limits listed on your policy.
As an orthodontist, it goes without saying that you can't provide dental services just anywhere—it's absolutely necessary to have a commercial space devoted to your orthodontics practice, along with specialized equipment and inventory that allows you to offer services that result in beautiful smiles. If your commercial property is seriously damaged or outright destroyed by a peril such as a natural disaster or fire, it will be impossible to see clients in the same capacity until you have your commercial property restored and your equipment replaced. Because the expense of equipment replacement and building restoration can be so costly, it stands to reason that most business owners can't cover those costs themselves without facing serious financial setbacks. With commercial property insurance as a component of their orthodontist insurance, Calgary dental professionals can get insurance compensation from their insurance company, up to the coverage limits on their policy, to handle those expenses and get their practice up and running again without an extended hassle.
Your orthodontics practice involves handling sensitive information about your clients and employees, such as their medical records, identity documents and financial information. At least some of that information is transmitted online or stored on computer servers, which makes it vulnerable to theft by cyber criminals who are looking to use it for extortion and fraud. While that information is in your care, it's your responsibility. If it's stolen from you, you could be held liable for its loss, and that can come with astronomical costs for legal defence and legal settlements. Cyber liability coverage on your Calgary orthodontist insurance offers you financial assistance up to your coverage limits to deal with liability-related costs should you be targeted by cyber crime.
If you have questions about Calgary orthodontist insurance, there's an easy way to get them answered. Just pick up the phone and call 403-879-8660 to chat with the friendly insurance brokers at Krywolt Insurance to find out what you need to know and get started on a quote for the right orthodontist insurance. Calgary orthodontists can rely on our experienced brokers for the advice and help they need to ensure they are properly covered against both liability and property insurance perils. We are your first-choice insurance provider for a reason.
Professional liability insurance is absolutely critical for any orthodontist because it offers financial protection against the costs associated with litigation and settlement in the event that you are sued for medical malpractice, negligence, breaching a duty of care, failure to deliver promised services and more.
Orthodontists typically get professional liability coverage through their professional association, and in fact, most associations require their members to have professional liability insurance that meets certain standards in order to register as a member. In Alberta, professional health regulators are required to ensure that their members have adequate professional liability coverage so plaintiffs are able to get the compensation they deserve in a situation where an orthodontist is found liable for medical malpractice.
Yes and no. In the same sense that an orthodontist is a specialized type of dentist, orthodontist insurance is a specialized type of dentist insurance. Your Calgary orthodontist insurance package should be tailored to your insurance needs and address the risk exposures that orthodontists, in particular, are most likely to encounter, and those may vary from the insurance needs of a different kind of dental care professional.
Keep in mind that your insurance should be customized to address your insurance needs as an individual business owner, not just as an orthodontist in general. Details such as the location of your clinic, or office, your years of experience, the nature of the orthodontic services you offer, and much more all play a role in determining which types of insurable perils you are most likely to encounter over the course of your professional life in orthodontic care.