Majority of the dental students are not putting much emphasis about dental practice insurance. Most of the time, they can start to appreciate the importance of having an insurance in their early years of practice. In some cases, it will take them a long period of time to eventually grasp the benefits they can reap when they have a dental practice insurance. In reality, this kind of insurance will not benefit the patient, the main focus is the benefit of an employee from his employer.
However, there are some types of dental insurance that new dentists must understand, acquire and implement to insure professional circumstances that can cause personal and professional financial pain. They are referred to as non-dental insurances.
For new dentists, they must be aware of the necessary and available insurances like what are the different types of insurances, the process to acquire them, the cost, where to get them, when to implement and how they can protect from financial, professional and personal disaster. The main point is that dentists should get covered by insurances before it is too late, they need the insurance if they are caught with difficult situations. The best thing to do is to become proactive, plan and acquire dental practice insurance before they start their profession.
The big two dental insurances that dentists must consider are the following:
- Malpractice insurance – before a dentist starts to practice, the first insurance that he must look into is the malpractice insurance. He can obtain this type of insurance if he has a valid dentistry license and a completed application.
- Disability insurance – The next type of insurance that must be acquired is the disability insurance even when they are still in school. Every dental student is eligible to take part of the American Student Dental Association that provides benefits too. For instance, every member is insured for $2,000 of disability benefits each month with guaranteed convertibility and acceptance if he begins to practice full-time.
Acquiring dental practice insurance must be considered by every dentist before he starts working full-time so that when difficulties and challenges come both in the professional and personal life, he is ready.