Industries · Dental Practices
Private reinsurance for dental practices.
A dental group's biggest risks rarely show up in its commercial policies: a sterilization scare that empties the schedule, an associate's departure, an equipment failure that idles operatories, trade-credit losses on patient financing. The Latitude Plan could cover those below-the-surface exposures through a reinsurance company the shareholders of the practice own.
The risk profile
Underinsured and uninsured risks we see in this vertical
- Administrative & regulatory actions
- Business interruption
- Communicable disease liability
- Contingent business interruption
- Cyber liability
- Directors & officers liability
- Employee theft
- Employment practices liability
- General liability (difference in conditions)
- Legal expense reimbursement
- Loss of a key supplier
- Loss of key talent
- Equipment & property
- Regulatory changes
- Reputational risk
- Product / service rework
- Trade credit & bad debt
Policies are priced by the carrier against an independent licensed actuary’s formal assessment of your underinsured and uninsured risks. Treat this list as a starting point.
The brief
A working example: a dental group grossing $8M annually expenses roughly $1M per year in actuarially priced premium across seventeen risk lines, from communicable-disease liability to trade-credit losses on patient financing.
Net of claims, that premium could accumulate as reserves and underwriting profit inside the group's own reinsurance company rather than a carrier's overhead.
Book a Call
One hour to find out what dental practices premiums could be building for you.
A one-hour presentation of The Latitude Plan, then your questions. Your CPA or attorney is welcome on the line.