Dental Groups Save Big Compare D&O Insurance Quotes

Real-World Examples and Cost Considerations

In the current market, the cost of D&O insurance for dental groups can vary widely based on several factors, including the size of the practice, its location, and the claims history of the group. On average, small to mid-sized dental practices might expect to pay between $1,000 to $5,000 annually for comprehensive D&O coverage¹. However, by comparing quotes, some practices have reported savings of up to 20% on their premiums².

For instance, a dental group in California managed to reduce their annual D&O insurance costs by 15% simply by switching providers after a thorough comparison of available options. This example highlights the importance of not settling for the first quote received and instead taking the time to explore various insurers who might offer more competitive rates or better policy terms.

Key Factors to Consider When Comparing Quotes

When evaluating D&O insurance quotes, dental groups should consider several critical factors:

• Coverage Scope: Ensure the policy covers all potential liabilities specific to your practice, including employment-related claims and regulatory compliance issues.
• Policy Limits: Assess whether the coverage limits are sufficient to protect your practice against potential high-cost claims.
• Deductibles: Understand the out-of-pocket costs you would incur before the insurance kicks in.
• Insurer Reputation: Research the insurer’s reputation for customer service and claims handling to ensure reliability in times of need.