Learn about business insurance requirements and the most common policies for dentists in New York.
If you have a commercial lease, your property manager may require you to purchase general liability insurance. Commonly purchased by dentists in New York, general liability insurance can protect your dental office from expenses associated with common mishaps, such as client property damage and injuries.
State law in New York requires every small business with employees to provide workers’ compensation insurance, which covers medical bills for work injuries.
Any employee, regardless of whether they are full-time, part-time or seasonal, is eligible for workers’ compensation insurance if they are injured on the job. Although workers’ compensation insurance is not mandatory for a sole proprietorship, it is available for those who would want it.
Note: Insureon cannot provide quotes for professional liability insurance for dentists, also called malpractice insurance.
A small dentist’s office might 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.
If you own a dental office in New York that has employees, you are required to carry workers’ compensation coverage. If you are a sole proprietor, the coverage is optional. However, if you slip and break an arm in your dental office, or develop carpal tunnel syndrome after years of working with dental tools, you can turn to your workers’ comp policy to help pay your medical bills and lost wages.
According to an analysis of Insureon applications, the typical dentist in New York can expect to pay less than the national median for some types of business insurance and more than the national median for other types.
For example, the median annual cost of a business owner’s policy for dentists in New York is $941, far less than the national median of $1,455. On the other hand, dentists in New York can expect to pay about $1,467 annually for workers’ compensation insurance, about the same as the national median.
Insureon’s industry-leading technology helps dentists in New York save time and money shopping for insurance by comparing policies from top U.S. carriers. Start a free online application to review quotes for the policies that best fit your business. Our insurance agents are licensed in New York and can answer your questions as you consider coverage.
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