Business Insurance Requirements for Dentists in Ohio

After the hard work of earning a dental degree and starting your practice, the last thing you want is for a lawsuit to jeopardize your practice. Insurance for dentists can protect your business against a variety of potential issues, from employee injuries to malpractice claims.

While Ohio doesn’t have any specific insurance requirements for dentists practicing in the state, most choose to protect themselves with professional liability insurance (also known as malpractice insurance or errors and omissions insurance), and general liability insurance, which covers costs related to third-party property damage or bodily injury, including legal fees if these instances lead to lawsuits. Ohio also requires that dentists with any employees purchase workers' compensation insurance, which is administered through a state-run fund.

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 Ohio, and start an application to get your free quotes today.

Find the right insurance policy for your dental practice

The most common insurance for dentists varies 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 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 coverage at an affordable rate.

Professional liability insurance: Professional liability insurance, also known as dental malpractice insurance, is essential to protect your practice. It can help cover legal expenses if you’re sued for malpractice in dentistry, including making a mistake in your work or a misdiagnosis.

Ohio workers’ compensation: If an employee is injured on the job, workers’ compensation can help pay for medical fees and lost wages. Ohio requires coverage for businesses with one or more employees. The state runs a monopolistic state-administered workers' compensation fund; coverage can only be purchased through the Ohio Bureau of Workers' Compensation.

Dentists and their staff spend a lot of time on their feet working with heavy equipment and sharp tools, so it’s not surprising that their most common workplace injuries involve contact with objects or equipment, according to the U.S. Bureau of Labor Statistics. Falls, slips, and trips are the second most common cause of injuries in dental offices.

Business insurance costs for dentists in Ohio

Dentists in Ohio pay slightly more than the national median for a business owner’s policy and general liability insurance, according to data gathered from Insureon applications. The median price for a business owner’s policy in Ohio comes in at just under $1,800 – the national median is $1,455. The median cost of a general liability policy in Ohio is $537, compared to the national median cost of $425.

Insureon does not have data for the median costs of malpractice insurance and workers’ compensation for dentists in Ohio, but the national medians are $2,250 and $1,500 per year, respectively.

Median Insurance Costs for Ohio Dentists

Save time and money with Insureon

Insureon’s industry-leading technology helps dentists in Ohio 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 Ohio 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 dentist insurance quotes today.