If you are an oral or maxillofacial surgeon, oral surgeon malpractice insurance plays a crucial part in keeping your practice out of harm’s way. Every surgery is different, and you don’t know how successful it will be until you’re in the operating room. A lawsuit does not have to take down your practice—get covered before it’s too late.
What Does Oral Surgeon Medical Insurance Cover?
Whether you perform a routine wisdom teeth surgery or completely reconstruct a patient’s face after an accident, you can never be entirely sure the surgery will be successful. Unlike dental care, oral surgery presents additional risks due to its intricacy. Surgery results can transform a patient’s life, but you can’t guarantee perfection.
Oral surgeon malpractice insurance covers the costs of lawsuits, settlements, and lost time. Even if you didn’t do anything wrong, an unhappy patient could still file suit against you or your practice. And even if you win your case, the cost of defending yourself can be enough to devastate your practice financially. Oral surgeon malpractice insurance gives you peace of mind that your practice can come out unscathed even if you get involved in a case.
Claims-Made Malpractice Policy
The most cost-effective way to cover your practice is with a claims-made professional liability insurance policy. If you plan to perform oral surgeries throughout a long career, you want to be covered in case a patient decides they are unhappy with a surgery you performed ten years ago. Claims-made policies specify a date when coverage begins, and as long as your policy is active, you’re covered for surgeries performed after that date.
Occurrence-Based Malpractice Policies
The less common type of malpractice policy is occurrence-based. These policies tend to be less common and more expensive because of how coverage applies. Once your occurrence-based policy is active, you are covered for any suit relating to surgeries performed during the policy’s span, even if the policy is no longer active. This policy type is perfect if you cancel your policy upon retirement but still want coverage for past work you performed.
Tail Malpractice Policies
Occurrence-based policies will cover you after you cancel your policy, but claims-made policies won’t. If you are coming up on retirement but currently have a claims-made malpractice policy, tail coverage is the perfect way to stay protected after retirement. A tail policy gives you indefinite coverage after you cancel your claims-made policy, so you won’t have to deal with the financial repercussions of a case brought against you for surgery you did ten years ago.
Get Oral Surgeon Malpractice Insurance Before It’s Too Late
You never know when or why a patient will file suit against you. And regardless of what type of policy you choose, you need one in place ASAP to be covered against lawsuit costs. You spent a huge portion of your life learning the skills required to become an oral surgeon—don’t let one lawsuit put those years to waste.
Our Southpoint risk management professionals understand how hard it was to get to where you are now as an oral or maxillofacial surgeon. We have decades of experience finding the right coverage to keep your practice on its feet, and we know which insurance company partners provide the highest-quality coverage. Finding the best policy isn’t easy in a niche profession—let our seasoned experts guide you through the process.
See How We Can Help
Southpoint is here to represent you. Contact us today to see why our agency is unrivaled in providing the best budget-friendly insurance options for oral surgeons.