.
What types of business insurance do dental labs need?
These policies provide coverage for the most common risks dental labs face.
Business owner’s policy
A BOP bundles property and general liability insurance under one plan. It's often one of the most cost-effective types of commercial insurance for dental laboratories.
BEST FOR
-
Slip-and-fall accidents
-
Damaged customer property
-
Damaged business property
Workers’ compensation insurance
Workers’ compensation insurance is required in almost every state for dental labs that have employees. It can cover medical costs for work-related injuries.
BEST FOR
Employee medical expenses
Partial missed wages
Lawsuits over employee injuries
Professional liability insurance
This policy, also known as errors and omissions insurance for dental labs, covers legal expenses if a client sues over a dental prosthetic that fits poorly or breaks.
BEST FOR
-
Failure to deliver products on time
-
Accusations of negligence
-
Defective dental products
Cyber liability insurance
Also called data breach insurance, this policy helps dental labs survive cyberattacks. Add it to general liability insurance or a BOP for increased savings and coverage.
BEST FOR
-
Client notification expenses
-
Data breach lawsuits
-
Fraud monitoring costs
How much does business insurance cost for healthcare professionals?
Several factors will have an impact on insurance costs, including:
Healthcare services offered
Medical equipment and property
Revenue
Location
Number of employees
Why do dental labs need insurance?
As a dental lab owner or a dentist, you face several risks. From lab technician accidents to lawsuits over an injury caused by an orthodontic appliance, dental lab business insurance can protect your small company from unexpected events that can have serious financial and legal consequences.
