HENRY SCHEIN || THE 2025 INTERACTIVE PLAYBOOK TO BUILDING YOUR DENTAL PRACTICE
12. PROTECT YOUR INVESTMENT
Setting up a dental practice requires proper insurance, including property, general liability, professional liability and workers’ compensation. Additional policies to consider include:
- Cyber liability policy to protect against issues arising from network security violations and ransomware
- Non-owned auto liability policy
- Employment practices liability policy to protect against allegations of wrongful termination
- Excess liability policy to cover the practice owner personally
- Business overhead expense protection policy to provide a monthly benefit for two years to allow the practice to survive if you become disabled
- Keyman life insurance policy for crucial team members
- Personal life insurance policy
GETTING STARTED
To align your team members to your practice goals, follow these three steps:
- Clearly delineate in writing what a team member’s goals and responsibilities are. For example, filling the hygiene schedule or collecting copayments.
- Identify key performance indicators to measure their success in meeting these goals.
- Provide your team with some aligned self-interest, such as a bonus or payment on top of base pay to reward their success.