Dental Groups Maximize Protection With D&O High Limits
Financial Considerations and Cost-Benefit Analysis
While high-limit D&O insurance can represent a significant investment, the cost-benefit analysis often favors opting for higher limits. The cost of defending a lawsuit or paying a settlement can easily exceed the premiums paid for higher coverage. According to industry statistics, the average cost of a D&O claim can range from $150,000 to over $1 million1. Given these figures, the financial protection offered by high-limit policies can be a wise investment. Additionally, many insurance providers offer customizable plans that allow dental groups to tailor their coverage based on specific risks and budget constraints. This flexibility ensures that practices can maintain comprehensive coverage without overextending financially.