Selecting the ideal professional indemnity insurance : What to lookout for by the dental practitioner?

• Main Authors: Lyn, Cheryn Chia Hwui, Hong, Lau Yu, Anuar, Munira Natashya Mohd, Nasim, Nazaneen Farhana Binti Mohammad, Nambiar, Phrabhakaran K N
• Format: Article
• Published: Anil Aggrawals Internet Journal of Forensic Medicine and Toxicology 2021
• Subjects: HG Finance; R Medicine; RC Internal medicine; RK Dentistry
• Online Access: http://eprints.um.edu.my/35083/

As countries become more developed, there will be a need for more sophisticated dental treatment provided which may bring about adverse outcomes. To protect oneself against any financial loss or any legal liability, dental practitioners have to acquire an insurance policy. This research is to determine the different benefits provided by the professional indemnity insurers. The objectives were to gather the type of cases of complaints made, to ascertain the different insurers involved in providing indemnity insurance, the various treatments covered. An interview was done with four insurer's representative and the data obtained were analysed based on the premium rates and increments, compensation limits, additional limit reinstatement, retroactive and run off covers, limit of claims made, locum dentists' cover, institutional coverage and any additional benefits according to each insurance policy. The findings indicated insurers have a lower premium rate for a reasonable compensation; another with a higher premium with a comprehensive dental insurance coverage which manages from the clinic to any court settlements. There is one to cater for those wishing an insurance based Shariah principles and another which not only covers indemnity but also any damage to clinic and any adverse action by any of the employees.