Dental Laboratory Insurance
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What Insurance Do Dental Laboratory Need?
Professional Liability Insurance (or E&O Insurance), protects your small business from claims of mistakes, negligence or malpractice made when providing your services that caused somebody financial loss. PLI covers your legal defense costs, damages and settlements.
Product Liability insurance covers your business if you need to recall one of your products. It covers your costs for retrieving the defective product from the manufacturer or seller to prevent any further bodily injury or property damage.
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Business Interruption Insurance protects your small business if impacted by a covered risk. It'll cover the costs in replacing lost income and paying for additional expenditures. Also known as Business Interruption Coverage, this policy is usually part of your BOP (Business Owners Policy).
Frequently Asked Questions
Why do Dental Laboratories need insurance?
Dental laboratories can face a lot of risks that could bankrupt the business without insurance. Insurance will cover the costs if the building gets destroyed by fire or natural disaster, when employees become sick or injured on the job, or when a customer files a complaint against the business.
What risks do Dental Labs face?
Running a dental laboratory comes with many risks and without proper insurance, your business can go bankrupt especially when a lawsuit is filed. Here are some of the risks a dental laboratory can face:
- A customer could sue your dental laboratory for not getting their teeth fixed as promised.
- Employees could be injured on the job. You’ll risk paying for the medical and rehabilitation fees.
- The property could be damaged by fire or flood, storm or any natural disasters.
These are some of the many risks your business could face.
How much does Dental lab Insurance cost?
The cost of insurance varies on the type of services you offer, the number of employees you have and the coverage you need. If you want to get an actual quote of your insurance policies, you can use our free online assessment tool or have our customer service representatives assist you.