Malpractice Coverage Options
Our Professional Solutions family of companies has been working for and with healthcare professionals since 1946. When you choose Professional Solutions, you're backed by a claims philosophy centered on protecting our policyholders. Dentists who choose our malpractice coverage have an entire team dedicated to working on their behalf. From claims representatives to local attorneys, our team of knowledgeable individuals are dedicated to protecting you and your reputation.
Occurrence and Claims-Made
While there is no difference in the kind of injury or damages covered under these two plans, they differ in how and when coverage responds.
Claims-Made policies provide coverage against claims for alleged incidents that both occur and are reported on or after the retroactive date and before the policy terminates. Potential coverage gaps may exist with a Claims-Made policy, so you may need to purchase additional coverage. Occurrence provides coverage for the policy year, regardless of when the claim is reported.
Starting at a $50,000 aggregate limit for nine areas of coverage, our endorsement includes multimedia, network security and privacy, privacy regulatory defense and penalties, privacy breach/patient notification and credit monitoring expenses, network asset protection, cyber extortion, cyber terrorism, brand guard and PCI DSS assessment. (Cyber liability is not available in all states.)
Extended Reporting Coverage
This coverage is provided at no additional charge in the event of death or total and permanent disability or total retirement at age 55 after 5 years of continuous claims-made coverage with Professional Solutions. For policyholders with less than 5 years of continuous coverage with Professional Solutions who retire at or after age 55, a 20% extended reporting credit applies for each full year of continuous coverage.
An optional endorsement allows you to report claims for alleged injuries that occur while your claims-made policy was in force but after it has ended.
Professional Entity Coverage
This option offers coverage for your corporation or professional entity. We offer the option of sharing the limits of your personal malpractice insurance policy with your entity or purchasing separate limits for an additional premium.
Government Proceedings Defense Costs
The Professional Solutions Policy covers your defense up to $25,000 for state dental licensing proceedings and Quality Improvement Organization Sanction proceedings.
Consent to Settle
Your voice matters. No case is ever settled without your written consent, giving you full say in settlements. There are no policy conditions penalizing you if you choose not to consent to settle.
Limits and Discounts
Policy discounts are available for remaining claims-free, working part-time hours and for new graduates. We offer policy limit ranges from $100,000/$300,000 to $2,000,000/$4,000,000. Check with a Professional Solutions-appointed agent or contact us to discuss availability in your state.