Milltown Insurance Group has launched an exclusive Dental Professional Liability solution in Minnesota. This program will be available online for click, rate and bind. As the program has just launched, the carrier will require a quick manual review of online data before confirming the quote and approval.
Program Highlights Include:
Carrier: A rated National Carrier
Coverage: Dental Professional Liability
Policy type: Claims Made or Occurrence
Policy period: Annual Term
Policy limits: $100k/$300k, $200k/$600k, $500k/$1.5m, $1m/$3m, $2m/$6m, $3m/$6m, $4m/$6m, $5m/$6m
Target market: individual dentists and/or groups
Prohibited Classes: none
Payment plans: payment in full required via EFT, Credit Card, or US Premium Finance
Fees: $25 policy fee, 2.4% credit card fee,
Discounts: Part-time – 40%; New dentist – 60%, 40%, 20%; Risk management – 7.5%;
Claims free -10%
Cancellation: Non Payment – 10 days, Non Renewal – 60 days
Corporate Coverage: Separate or shared limits are available
DENTAL CLASSIFICATIONS
1) Dental Practitioner Classifications
The following definitions shall be used to assist in determining the appropriate classification for an individual dental practitioner based upon the nature of their practice’s dental and anesthetic procedures performed. Classifications shall be determined based upon their level of practice exposure as reflected in the area of practice, administration and types of anesthetic agents used and environment in which they are administered.
The highest rated classification shall be used for premium rating.
DENTAL CLASS I
NON-INVASIVE ORMINIMALLY INVASIVE PROCEDURES AND SELECT SPECIALTIES
Specialists:
- Endodontist
- Orthodontist (simple extractions up to 25% of procedures)
- Public Health Dentist
- Periodontist (surgical placement of implants up to 25% of procedures)
- Prosthodontist (surgical placement of implants up to 25% of procedures)
- Pediatric Dentist
- Oral Pathologist
- General Dentists performing the following procedures:
- Diagnostic
- Preventative
- Restorative
- Non-surgical TMJ treatments – mouth guards and splints
- Cosmetic whitening, veneers
- Restorative Implants up to 15% of practice (based on number of procedures)
- Endodontia – up to 25% of practice (based on number of procedures)
- Prosthodontia – up to 25% of practice (based on number of procedures)
- Periodontia – up to 25% of practice (based on number of procedures)
- Oral surgery (up to 25% of total practice, based on number or procedures; simple extractions only, no full bony or partial bony impactions)
This classification applies to all DDS’s or DMD’s who are Board Eligible or Certified Specialists in the above areas; or are General Practitioners and who use local, nitrous oxide or oral conscious sedation. This classification also applies to all dentists who provide services to patients who have been administered deep sedation or general anesthesia in their office, or in a hospital, or surgi-center by an MD / nurse anesthetist, dentist anesthetist, or oral surgeon not in their employ.
Class 2 DENTAL PROCEDURES LEVEL II & SPECIALIZED AREAS OF PRACTICE/PROCEDURES:
Applies to all General Dentists:
With 25% or greater percentage of practice (in any one category) in the specialty areas of Prosthodontics and/or Endodontics, surgical Periodonal procedures, Orthodontics or oral surgery (simple extractions only, no extractions of full or partial bony impacted teeth). For classification purposes all dentists whose procedures exceed 25% or more in the above specialized areas of practice will be rated under this classification.
Class 3 DENTAL PROCEDURES LEVEL III & SPECIALIZED AREAS OF PRACTICE/PROCEDURES:
Applies to all Specialists (except Oral Surgeons) and General Dentists:
Extractions of full or partial bony impacted teeth
Applies to all General Dentists:
Implant restorations that exceed 15% of the total practice
This classification applies to all General Dentists DDS’s or DMD’s whose practice specializes in providing implants. For classification purposes all insureds that treat 15% or more of their patients for implants will be rated under this classification.
Class 4 ANESTHESIA CLASS (CURRENTLY CLASS II OR B)
Anesthesia I.V. Conscious Sedation
I.M. Conscious Sedation
Sub-cutaneous conscious sedation Anesthesia: This classification contemplated the insured dentist administering the sedation and performing the dental procedure.
Class 5 Oral & Maxillofacial Surgeons and Dentist Anesthesiologists
Anesthesia In-Office Includes General Anesthesia
This classification applies to all Oral Surgeons and Dental Anesthesiologists. This classification would also apply to any DDS or DMD who administer and treat patients under I.V. or I.M. conscious sedation or deep sedation or general anesthesia in their office. Proof of their education and training would need to be secured prior to proceeding (see comments under General Anesthesia).
Rating Territories:
Territory I: Entire State of Minnesota
Additional Product Features:
- Prior acts and tail coverage available
- Locum Tenens coverage available
- Free retirement tail at age 50 after 5 year with
- Special rates for new dentists
- Reduced rates for part-time dentists
- Administrative Hearing Coverage included
- Defendant’s reimbursement coverage included
- Sexual misconduct coverage included
- Assault coverage included
- General Liability Coverage
- Submission Requirements- (enter on line and fax document)
- On-Line Completed application
- On-Line, supplemental claim form for each claim, open and closed
- On-Line supplemental part time form (if applicable)
- On Line Services (through the Online-PL system) www.milltownrisk.com/dentist
- On-line indication, quote, and bind system
- Policy issuance
- Payment history