Why Does Your Dental Lab Need Insurance?

Dental labs provide essential oral health care services and products for other businesses and, by extension, families throughout the United States. Given the importance of dental health as it pertains to overall wellness, accuracy and consistency must be top priorities for these businesses. However, even the most diligent and experienced employees may make mistakes, necessitating appropriate loss control measures, such as suitable insurance.

What Is Insurance for Dental Labs?

Although certain insurance companies may offer coverage packages targeted toward the needs of medical professionals and businesses, dental labs may have unique operations and risk profiles. This means that decision-makers should be prepared to build their own insurance portfolios from various types of coverage.

What Types of Coverage Do Dental Labs Need?

Dental labs should carefully consider applicable requirements and relevant risks when compiling an adequate coverage portfolio. Maintaining legal compliance and adhering to industry standards should be top priorities, but additional coverage may also be necessary. In many cases, these businesses may prioritize the following types of insurance:

• Professional liability insurance—If a dental lab is accused of providing defective, incorrect or inadequate products or services, this coverage can help limit financial losses.

• General liability insurance—This coverage can shield labs from financial losses should a third party, such as a visitor or customer, be injured while visiting or suffer property damage as a result of the policyholder’s operations.

• Workers’ compensation insurance—Often required by law, this coverage can offset expenses and losses if a lab’s employees are injured on the job or develop work-related illnesses.

• Business interruption insurance—This type of coverage can offset losses should a covered incident disrupt or delay a lab’s normal operations.

• Cyber liability insurance—If a data breach or other cyber incident occurs, potentially exposing clients’ health records or other sensitive information, this type of insurance can provide financial aid.

• Commercial property insurance—This may help financially protect a lab’s tangible assets, including its building, equipment, tools and inventory.

Dental Lab Insurance in Hopkins, MN

Contact the Sebrite Agency today to learn more about coverage options or compare personalized quotes.