4 Things You Need to Review Before Renewing Your Office Insurance

By FDA Services

FDA Services (FDAS), a wholly owned subsidiary of the Florida Dental Association (FDA), is an insurance agency created for and benefiting dentists. We work tirelessly to secure the best carriers and lines of insurance dentists need throughout their careers. FDAS provides the best coverage at the most affordable prices with incomparable customer service.

It’s important that FDA members and FDAS clients are aware that the property insurance market in Florida is hardening. This means that coverages are more difficult to find, coverages are reducing and prices are significantly increasing. What should dentists do? FDAS recommends reviewing the following four things:

1. Deductibles
Most office insurance policies in Florida will have two deductibles: a wind deductible and an “all other perils” (AOP) deductible.

  • Wind deductibles have been increasing each year, so it’s important you know how they work. They often are stated as a percentage. This means they are a percentage of the coverage amount, and not the loss. For example, if your wind deductible is 5% on your $350,000 building, then in the event of a hurricane your deductible is $17,500.
  • Usually, the AOP deductible is a set dollar amount. It’s typically a range from $500 up to $5,000.

2. Business Income Limits and Length
Business income covers lost revenue in the event of a physical loss to the practice. In recent years we have seen an increase in the number of caps and deductibles put on this coverage. Following are some samples and explanations. 

  • Fraction Deductible: Often listed as 1/3, 1/4, 1/6 or 1/12, this is the monthly cap on coverage. Since most business income claims are in the first few months before repairs can be finished, it is best to have no deductible or the largest one, 1/3. For example, if your business income has a stated amount of $500,000 and 1/3 deductible, the cap on monthly payment is $166,676 each month until you meet your limit. However, if you had $500,000 but a 1/12 deductible the monthly cap is $41,667.
  • Time Deductible: Instead of a fraction deductible, some policies pay actual loss sustained with no cap on monthly limits. However, the period of payout can be capped. If your policy is six months Actual Loss Sustained, then in the event of a triggering claim, the carrier will pay for business income up to six months if repairs are still being made. The cost to repair/rebuild from major losses can take much longer, so be aware that business income will be cut off after that time period.

3. Utility Services Coverage
Utility Service Coverage, also referred to as off-premises power coverage, covers businesses from property damage and loss due to utility services, originating away from the premises of the insured property and caused by a covered peril. Several years ago, this coverage was standard but due to a large number of claims in the past few years, carriers are deleting or capping this coverage. There are two parts to this coverage and you should research to determine if you have both.

  • Direct Damage: Coverage for damage or loss to your covered property if caused by the utility failure. For example, lightning strikes at a nearby electrical transformer, creating a power surge that causes your operatory light to explode.
  • Time Element: Covers business income or extra expense to cover a loss of income due to the suspension of business because of the interruption in your utility. For example, a fire at the power plant causes an outage at your office preventing you from opening/treating patients for a week.

4. Property and Building Values
The point of insurance is to have coverage for your practice in the event of a covered loss. The insurance carrier will only pay up to your policy limits. With construction costs rising drastically and supply chain shortages, it is important to reevaluate your REPLACEMENT COST limits annually (replacement cost does not factor in depreciation). If your practice was 100% lost in a fire, how much would you really need to rebuild at today’s costs?

Beware of co-insurance clauses: This insurance is not like health insurance. More property policies are including co-insurance clauses in the policy. These are stated as a percentage, usually 80%, 90% or 100%. It is essentially a penalty for not having enough insurance. This reduces your limit amount if the co-insurance requirement is not satisfied.  

Have questions or want more information? Our experienced staff is ready to get to work for you — call or text 850.681.2996 or email insurance@fdaservices.com to connect to our agents today. 

Book Review: Noncarious Cervical Lesions and Cervical Dentin Hypersensitivity: Etiology, Diagnosis and Treatment

By Dr. Virginia McKenzie Melmed

Noncarious cervical lesions (NCCLs) and cervical dentin hypersensitivity (CDH) affect more people than caries and periodontal disease in most high-income countries.  In private practice, clinicians often focus on treating the symptoms associated with these conditions, rather than address the etiologies. In Noncarious Cervical Lesions and Cervical Dentin Hypersensitivity: Etiology, Diagnosis and Treatment, Doctors Paulo V. Sores and John O. Grippo combine their clinical experience and all relevant research to dive into every aspect of NCCLs and CDH and prove the etiologies must be understood to treat these conditions successfully.  After reading this book, the dental clinician will be able to identify and understand the etiology of NCCLs and CDH, so he can stop its progression and treat it successfully.

Noncarious Cervical Lesions and Cervical Dentin Hypersensitivity is divided into three sections:  Introduction, Mechanisms of Action, and Diagnosis and Treatment.  Section I provides the necessary historical background and prevalence data of NCCLs and CDH and explores the specific characteristics of tooth anatomy that make a tooth’s cervical region less resistant to the mechanisms of stress, friction and biocorrosion. The formation of NCCLs is multifactorial, so Section II devotes a chapter to each one of the mechanisms of etiology (stress, friction and biocorrosion), explaining how each mechanism contributes to the development of NCCLs and the effects of these mechanisms working in combination.  The chapter on biocorrosion discusses which patients are considered high risk for developing NCCLs and CDH.

After providing a thorough background into the etiology of NCCLs in Sections I and II, Section III provides the reader with detailed information into the morphological characteristics of the lesions and proposes a new classification of NCCLs to aid in identifying the etiologic factors and determining the appropriate treatment. Nonrestorative protocols of occlusal, chemical, and laser therapies are described in detail, as well as when each of these therapies is indicated. Step-by-step restorative protocols of composite bonding and indirect restorations are thoroughly explained and dental materials recommended for NCCL restorations (Table 9-2) are provided. The textbook concludes with a chapter devoted to surgical protocols, where the severity of the recession defect determines the treatment approach.

When a condition is so often observed in dental practice, it must be addressed.  With this textbook, Doctors Soarer and Grippo provide everything a dental clinician needs to know on the focused topic of non carious cervical lesions and cervical dentin hypersensitivity.  The chapters are logically organized.  The chosen illustrations are beautiful photographs or easy-to-read tables with captions that provide clarity to the illustrations and text.  The end of each chapter contains a purple conclusion box, which highlights the most important concepts from that chapter.  This book is informative, easy-to-understand, and research-based.  I would recommend this book to any dental student, practicing dental clinician, and researcher.

Book Review: Cephalometry in Orthodontics: 2D and 3D

Reviewed by Dr. Alan E. Friedel

Cephalometry in Orthodontics: 2D and 3D was written as an aid for Orthodontists but it is also an exceptional book which can be of value to any dentist interested in a more comprehensive understanding of 2D Cephalometric radiographs and CBCT (3D) radiographs. The chapters are arrayed in a logical progression, and are easily understood and put into useful context.

The first three chapters lay the foundation for what follows. They provide historical perspective, beginning with a review of our understanding of human skull growth and development in the time period before radiology. Much of this knowledge was anecdotal, but some put us on the path we are on today. Up until recent times 2D Cephalometric radiography was all that was available. Radiologists had to learn how to stabilize the skull and take views that would be both reproduceable between patients and for a single patient. This began a more scientific approach to Cephalometry.

Visit floridadental.org/member-center/publications/book-reviews to read the full review.

New Year, New Skills for Your Dental Assistants

Help your dental assistants attain their 2023 professional development skills by enrolling them in the  FDA’s MyDentalRadiography online program. Getting them started is fast and easy. First, you create an account at mydentalradiography.com/FDA and complete the brief supervising dentist tutorial so you understand your responsibilities. Then, purchase a voucher for the 9-unit educational program and assign it to your dental assistant. The student will receive an email with log-in information and a link to the training site.

Once the online training is complete and a comprehensive test is passed, the student exposes a full-mouth series of radiographs including four bitewings under your supervision. If you’re satisfied with their work, you sign the certificate of completion. Then the assistant applies to the state for licensing. Eliminate all the barriers to training with this Florida dental board approved affordable, online alternative. Vouchers cost just $285 for FDA members and $385 for non-members.

Contact Lywanda Tucker at 850-350-7143 for more information or click here to get started.