Business Insurance Requirements for Dentists in Florida

With schools like the University of Florida College of Dentistry and LECOM Dental School, Florida sets a high standard for dentistry. The state has almost 6,000 practicing dentists, the fourth most in the nation, according to the Bureau of Labor Statistics. Whether you’re beginning a career in dentistry, relocating to open a new Florida practice, or expanding your existing practice, one consideration to keep in mind is business insurance for your dental practice.

Practicing dentistry has inherent risks. When you are responsible for your clients’ health and well-being, mistakes can jeopardize your career. That’s where dental malpractice insurance, also known as professional liability insurance or errors and omissions insurance, can help by offering protection if you're sued over misdiagnoses or mistakes in your work. Dentists in Florida are required to purchase this coverage as a prerequisite for licensure or license renewal. Florida law also requires you to purchase workers’ compensation when you have four or more employees. If you rent office space, your landlord will probably require you to purchase general liability insurance, which covers third-party property damage and injuries.

Insureon makes shopping for insurance easy with industry-leading technology that gathers quotes from top U.S. carriers that fit your needs. Read more to find out which policies are most common for dentists in Florida, including malpractice insurance for dentists, or start an application to get your free quotes today.

Find the right insurance policy for your dental business

The most common policies for Florida dentists vary depending on a number of factors, including revenue, client contracts, and partnerships. The table below illustrates which policies might work best for your business size.

 

Business type General liability / BOP Malpractice / professional liability Workers' comp
1099 or independent contractor X X  
Business owner with employees X X X
Solo business owner X X  

 

General liability insurance: General liability insurance is the foundation of a dentist’s business protection, with coverage that extends to bodily injury, client property damage, advertising injury, and the cost of legal defense. Most commercial leases will require you to have this coverage.

Professional liability insurance: Florida law requires dentists to have dental malpractice insurance to practice in the state. This policy is essential to protect your business. It can help cover legal expenses if you’re sued for malpractice in dentistry over anything from making a mistake in your work to a misdiagnosis.

Business owner's policy (BOP): Dentists sometimes qualify for a business owner’s policy. This package helps your business save money by bundling commercial property insurance with general liability coverage at an affordable rate.

Florida workers' compensation: Florida law requires you to purchase workers’ compensation coverage if you employ four or more people. Workers’ comp helps provide financial compensation if an employee is injured on the job and forced to take time away from work. In Florida, sole proprietors and independent contractors have the option to purchase workers’ comp for themselves, but they are not required by law to do so. However, it is something you should consider; time away from your practice means your income will likely take a hit.

Dentistry may not be the most hazardous line of work, but accidents can happen in any workplace. Make sure that you have proper safety measures in place at your practice to avoid having you or a valued employee injured and unable to work.

Business insurance costs for dentists in Florida

The median cost of insurance for dentists in Florida is typically higher than the national median, according to data gathered from Insureon applications. A business owner’s policy will cost most Florida dentists $1,900 annually, versus the national median price of $1,450. The national median rate for workers’ comp is about $1,500, but in Florida it tends to cost closer to $2,150. However, the median cost for Florida dentists to purchase a general liability policy is $435, which is only slightly higher than the national median cost of $425. Insureon does not have the data to report the median cost of malpractice insurance for dentists in Florida, but the national median cost is $2,250.

Median Insurance Costs for Florida Dentists

Save time and money with Insureon

Insureon’s industry-leading technology helps dentists in Florida save time and money shopping for insurance by comparing policies from dozens of top U.S. carriers. Simply apply online and review quotes for the policies that best fit your business needs. Our insurance specialists are licensed in Florida and can answer your questions as you consider coverage.

To make the application go even quicker, have this information ready:

  • Workforce details, such as the number and types of employees.
  • Current and projected revenue.
  • Business partnerships.
  • Insurance history and prior claims.
  • Commercial lease insurance requirements.

Apply for free dentistry insurance quotes today.