Dentist's Advantage Announces New "Practice Based Pricing"

Sometimes even conventional wisdom must be questioned. Take for instance how dentist's malpractice insurance is priced. While convention has held that the use of anesthesia* is the biggest driver for malpractice lawsuits... we find this is no longer the case. The use of anesthesia is a part of the claims picture; our analysis proves that other procedures are the primary drivers of lawsuits today. Dentist's Advantage, a provider of malpractice insurance to dentists, examined over 10 years of loss data to clearly assess what drives dental malpractice claims. The results will change how the Dentist's Advantage program approaches malpractice coverage, how they assess procedures offered and the pricing of dental risks.

Although over 85% of General Practitioners limit their practice to local anesthetics, and anesthesia related claims represent only 1.2%*of all dentistry malpractice claims, and only 5.86%* of the median claims payments. A recent report on dental malpractice claims published by the ADA states that 61.1%** of all dental malpractice claims result from procedures involving extractions, crown and bridge, and root canal treatments.

Practice Based Pricing

In response to this, Dentist's Advantage developed "Practice Based Pricing", a unique, pricing plan matching a dentist's day-to-day practice to their malpractice insurance premium. "Dentist Advantage has taken the lead in offering an objective approach to malpractice pricing. The criteria used to determine premiums are logical and are based on intensive claims analysis, and with the input and support of the AGD, a thorough understanding of today's dental practice."

"It is refreshing to have an insurance company seek out the opinions of working dentists to help them understand the treatment provided in our offices and to develop a plan which addresses the complexities and breadth of modern dental care."- Richard M. Kanter, DMD, FAGD, Chair, Council on Group Benefit Programs, Academy of General Dentistry.

Dentist's Advantage recognizes that every dental practice is unique, and a "one size fits all" rating plan is outdated and no longer relevant for today's dentist. Make sure your malpractice insurance is reflective of your practice. For more information, contact Dentist's Advantage at 1-888-778-3981 or www.dentists-advantage.com.

*Information from the National Practitioners Data Bank (NPDB). NPDB is an information clearinghouse to collect and release information related to the professional competence and conduct of physicians, dentists, and other healthcare professionals. ** ADA