Group Professional Liability Insurance for Dental Practices: Key Benefits

Selecting the right professional liability insurance, or malpractice insurance, can be a daunting decision for dental practices, particularly when balancing the needs of the practice entity, associate dentists, and other staff members.

Group malpractice insurance for dentists – including owners – and clinical staff is gaining traction as a solution that simplifies protection and enhances peace of mind. Below, we explore the advantages of obtaining group malpractice insurance and why it’s a strategic investment for dental practices of all sizes.

What is group malpractice insurance for dental professionals?

Group malpractice insurance for dental professionals provides a single, comprehensive policy covering the professional liability needs of the entire dental practice, including dentist owners, associate dentists, and clinical staff. Unlike individual policies, group insurance consolidates coverage under one umbrella, tailoring protection to the specific needs of the practice.

What are the top 4 benefits of group malpractice insurance for dental practices?

1. Cost-effectiveness

One of the most compelling benefits of group malpractice insurance is its affordability. Here's why it makes financial sense for dental practices:

• Lower cost per insured: Group policies typically offer a reduced per-doctor rate compared to individual plans. Additionally, the practice pays a single premium that covers all providers and staff.
• Eliminates redundancy: When a group policy is implemented, associate dentists can cancel their individual malpractice policies if they are not practicing elsewhere. This saves money for practitioners and streamlines expenses for the practice.
• Claims history rewards: Over time, practices with low claims frequency can realize additional savings. Insurers often reward dental groups with favorable rates after establishing a strong claims record under group coverage, generally after three years.

Example: A group practice with five dentists transitions from individual policies to a group malpractice plan. This switch could reduce overall premium costs and simplify administrative burdens.

2. Comprehensive and tailored coverage

Group malpractice insurance doesn’t just cover your dentists—it protects the entire ecosystem of your dental practice. Here’s how it ensures superior protection compared to individual plans:

• Entity-level protections: Group policies safeguard the practice entity itself, offering coverage even when the practice is the sole named defendant in a malpractice case.
• Vicarious liability coverage: Group plans protect the practice from risks stemming from its association with contractor specialists such as orthodontists or oral surgeons.
• Staff members included: Hygienists, dental assistants, and other clinical staff are covered under the group policy, reducing gaps in coverage.
• Consistency during claims: With individual policies, a single claim may involve multiple insurance companies, leading to conflicts and variability in how claims are handled. Group coverage ensures a unified defense strategy.

Example: A dental office contracts temporary specialists—such as an endodontist for complex root canal cases. A patient files a lawsuit citing poor treatment outcomes. Without a group policy, the practice risks lack of coverage or a piecemeal defense strategy involving multiple insurers. Group malpractice insurance eliminates these conflicts with comprehensive, streamlined coverage.

3. Simplified management processes

Managing multiple insurance policies for a dental group is time-consuming and prone to errors. Group policies eliminate unnecessary complexity:

• Centralized policy management: With just one policy to manage, practice administrators save time on renewals, premium tracking, and certificate organization.
• Reduced uncertainty: Practices have greater control over their malpractice coverage. Unlike relying on associates’ individual plans—which could lapse or exclude the practice without notification—group coverage remains consistent and dependable.
• Streamlined onboarding: When hiring new associate dentists or temporary specialists, integrating them into an existing group policy is far simpler than navigating individual plans.

4. A valuable employee benefit

Offering group malpractice insurance can improve your ability to attract and retain top talent. Here’s why associates view it as a win-win:

• Financial relief for associates: Dentists employed under a group policy are no longer responsible for obtaining and maintaining their own malpractice insurance. This reduces their financial burden.
• Perceived benefits: Providing coverage demonstrates that the practice prioritizes its team’s legal and professional safety. It’s an attractive benefit that enhances goodwill with your associates.

Why group professional liability insurance matters for dental practices and associates

For dental practices, security and simplicity are paramount. Relying on a scattershot approach with individual policies jeopardizes the practice’s financial health and operational integrity. A group malpractice policy unifies protection under a single, robust framework, minimizing risk and maximizing efficiency.

Next steps

If your practice isn’t already benefiting from a group malpractice insurance policy, now is the time to explore your options. Investing in a tailored, cost-effective solution ensures the financial security and peace of mind of your dental team.

Want to learn more?

Connect with our dental malpractice specialists to learn more about customizing a group policy for your practice.