While Georgia has specific licensing requirements for dentists, the state does not necessarily require that dentists purchase insurance beyond workers’ compensation. However, business insurance is vital for dentists looking to safeguard their practice against potential lawsuits.
Malpractice insurance for a dentist (also called professional liability insurance or errors and omissions insurance) is one of the most important policies you can buy for your practice. It provides coverage if a patient sues, claiming you made a mistake. Another key policy for dentists is general liability insurance. This covers lawsuits related to third-party injuries or property damage. If you rent your office space, your landlord may require you to carry this policy. As a business owner in Georgia, you must also purchase workers’ compensation insurance if you have three or more regular employees of any type, part-time or full-time.
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 Georgia, and start an application to get your free quotes today.
Find the right insurance policy for your dental practice
The most common policies for dentists in Georgia vary depending on several factors, including revenue, client contracts, and partnerships. The table below illustrates which policies might work best for your business size.
||General liability / BOP
||Malpractice / professional liability
|1099 or independent contractor
|Business owner with employees
|Solo business owner
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 require you to have this coverage.
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 at a rate typically lower than if you purchased the policies separately.
Professional liability insurance: Professional liability insurance, also known as dental malpractice insurance, is essential to protect your dental practice. It can help cover legal expenses if you’re sued for malpractice in dentistry, which includes making a mistake in your work or a misdiagnosis.
Georgia workers’ compensation: If an employee is injured on the job, workers’ compensation can help pay for medical fees and lost wages. Georgia requires that you have this coverage if you employ three or more people, regardless of how much they work or how they are categorized.
Dentists and their staff spend a lot of time on their feet and around heavy-duty dental equipment, so workers’ comp is an appropriate choice for a dental practice. According to the Bureau of Labor and Statistics, dentists are most commonly injured by contact with heavy equipment; falls, slips, and trips; and overexertion and bodily reaction.
Business insurance costs for dentists in Georgia
Despite the state's low cost of living and a generally favorable environment for small businesses, Georgia dentists will, on average, spend more on their dental liability insurance than their colleagues around the country according to data gathered from Insureon applications.
The median cost of a dentist’s general liability insurance policy in Georgia is $815, compared to the national median of $425. Additionally, a business owner’s policy for a dentist in Georgia will cost approximately $1,740, versus the national median price of $1,455. The median cost of workers’ comp for Georgia dentists is $2,400, versus the national median of roughly $1,500. Insureon does not have data to report the median cost of malpractice insurance for dentists in Georgia, but the national median cost is approximately $2,250.
Save time and money with Insureon
Insureon’s industry-leading technology helps dentists in Georgia 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 Georgia 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.