This past April, as part of the ADA Dentist and Student Lobby Day in Washington D.C, 1,000 dentists and dental students went to Capitol Hill to lobby for the Ensuring Lasting Smiles Act (ELSA), legislation that would help children with congenital anomalies.
Imagine you’re out riding your bike, getting some exercise, enjoying the fresh air and then it happens: You have an accident. What if you’re unable to continue your studies? How would you pay your bills and your student loans?
After you begin to practice dentistry, you will seek advice from advisors in all kinds of arenas: legal, accounting, financial and more. You will rely on the advice of these key advisors to make wise and beneficial decisions. Therefore, not only is it important that you form a “team” of dental-specific advisors to help guide you during your entire career, but it is important to understand the areas in which risk management will be imperative to you as a practitioner.
If things are going as planned, it’s likely that in the near future, you will (finally!) be searching for a job. While finding a job may be your next most difficult hurdle, once you find a job, you will get one chance, and one chance only, to negotiate the best job package you can for yourself. Your negotiating power ends the moment you sign on the dotted line. But when you know that you have no experience, and you’re completely ecstatic that you found a job that you like, how are you supposed to find the wherewithal to negotiate for yourself?
When you hear the words “malpractice insurance,” you may think, “Yawn, insurance.” We get it. As much as we’d like to believe MedPro is on your mind, we (sadly) know we’re not.
The subject of malpractice insurance doesn’t have to be daunting. To keep it simple, we’ve provided a list of points to help you choose the right malpractice company for you.
Once you understand how important it is to put disability income insurance in place early on in your career, the next question is how to obtain it.
As dentists, we’re in the business of prevention. But what happens when in spite of our preventive efforts, our patients develop a problem? We quickly move into damage control mode to protect our patients’ interests. Shouldn’t we do the same for ourselves?
That’s why we need insurance. When something happens, we want to control the damage and protect our interests. Would you ever consider leaving an auto dealer with your new car and no auto insurance? You have so much invested in your decision to become a dentist, and as a result of this investment, you have tremendous earning potential. Yet although you’d insure your car without hesitation, you still haven’t insured yourself.
Maybe you just don’t know what you need. Unfortunately, both of us got a quick education when we had to use our insurance plans early in our careers. We are hoping that our stories will help to illustrate which insurance coverage you need as soon as you get your license, and why.