Business Insurance Requirements for Dentists in Texas

Texas has the second highest number of dentists in the nation, according to the Bureau of Labor Statistics. Regardless of whether you’re just starting your dental practice or are already an established pro, the right insurance for dentists is one way you can protect your business.

One of the first insurance policies dentists are likely to buy is general liability insurance. That’s because if you lease an office space, your landlord will likely require you to have this policy. You can often get this liability protection and protect your dental equipment at the same time by purchasing a business owner's policy, which combines a general liability policy with commercial property insurance. Another policy you’ll likely want to buy is professional liability insurance. Also known as dental malpractice insurance, this policy can help pay your legal costs if you are sued over your professional services.

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

Find the right insurance policy for your dentistry business

The most common policies for Texas 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 require you to have this coverage.

Professional liability insurance: This policy, also called errors and omissions insurance or dental malpractice insurance, can help cover legal expenses if you’re accused of malpractice in dentistry and sued over a misdiagnosis or other alleged mistake in your work.

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 insurance at an affordable rate.

Texas workers' compensation insurance: Workers’ comp coverage is optional in Texas. However, even though it’s not mandatory, you may still want to consider purchasing workers' comp to protect both you and your employees. Not only can it help pay for medical bills and missed wages, but workers have the right under Texas workers' comp regulations to file compensation claims if they think they have a genuine case and their employer refuses to pay benefits. Purchasing this coverage is one way to avoid getting sued by an employee over a work-related injury.

Even though dental work isn’t typically hazardous, accidents can still happen. Dentists and dental hygienists handle a variety of sharp tools and equipments, which means injuries are a very real possibility. The most common injuries for dentists are slips and falls, which can happen in any workplace.

Business insurance costs for dentists in Texas

According to data gathered from applications with Insureon, the median cost of a business owner’s policy or a general liability policy for Texas dentists is roughly the same as the national median, with Texas dentists paying either $1,500 annually for a BOP, or around $425 per year for just general liability coverage. Workers’ comp is less expensive in Texas than the national median, even though this coverage is not required. Texas dentists can expect to pay roughly $700 per year for workers’ comp coverage, versus the national median of almost $1,500. Insureon does not have the data to report the median cost of malpractice insurance for dentists in Texas, but the national median cost is approximately $2,250.

Median Insurance Costs for Texas Dentists

Save time and money with Insureon

Insureon’s industry-leading technology helps dentists in Texas 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 Texas 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.