Frequently Asked Questions About
Commercial General Liability Insurance
How much does small business insurance cost?
Costs can vary widely based on industry and are also determined by zip code and often payroll and/or gross sales. Request a free quote to get an exact number. (read more)
What kind of business insurance do I need?
Most business owners need General Liability Insurance at the very least. If you have any non-owner employees, you will need workers compensation insurance too.
What is a Certificate of Insurance?
A Certificate of Insurance is proof of coverage. It lists the type and amount of liability coverage you have and other policy information when a third party requests it. (read more)
Is business insurance tax deductible?
Yes. you can deduct the cost of commercial insurance premiums. The IRS considers insurance a cost of doing business as long it benefits the business & serves a business purpose.
Oregon Dental Lab Insurance
Oregon Dental Lab Insurance. Dental laboratories manufacture artificial bridges, crowns, dentures, and implants to replace patients' natural teeth, plus orthodontic devices such as retainers. They generally receive molds of patients' mouths from dentists and build prostheses using plastics, precious and non-precious alloys, porcelain, or steel. Completed prostheses are delivered to dentists for final fitting. Some dental laboratories work directly with the general public.
If you own a dental lab, then you must ensure you have the right protection for your business. Dental labs are necessary for the making of customized dentures, crowns, bridges and other equipment to be used by their customers. In the daily operation of your dental lab, there may be different accidents that happen. For this reason the protection of you business by having the correct insurance is important. The way to do this is to get the right Oregon dental lab insurance for your business.
Oregon dental lab insurance protects your laboratory from lawsuits with rates as low as $67/mo. Get a fast quote and your certificate of insurance now.
Common Risks Involved With Dental Labs
While operating, some things could go wrong such as dental equipment causing pain or injuring a patient. Injury can also be caused by an employee. Having the right Oregon dental lab insurance coverage is the way for you to keep your laboratory protected.
Dental Labs Basic Coverage Plan
The first step to covering your business from the potential risks it faces is to know the different policy coverages and to choose the right ones for your business. Here are some of the different insurance plans you could get to protect your OR detnal laboratory:
Dental Lab Professional Liability Insurance: Professional liability insurance is an important policy to have as a part of your business. If the equipment you sell to a dental professional does not perform the way it's supposed to or causes damage for their business, you could be held liable. Problems like this could lead to lawsuits against your business.
As a dental lab owner your business will be exposed to lawsuits if something goes wrong. Having professional liability insurance protects you against negligence lawsuits if your product has defects and causes harm. This type of insurance helps to pay for legal defense fees, court costs, attorney fees, etc. You could end up spending lots of money if you do not have this level of coverage in your business.
Commercial Property Insurance: Having this type of insurance helps to protect against physical damage to equipment while on the job. If there is ever a fire, smoke, inclement weather, theft or anything that destroys your building and its contents, then having this insurance reimburses you for the cost you incur. If you are renting a place for your dental lab then having this type of insurance is good too.
Commercial property insurance also offers coverage for business interruption. If there is ever a time where you won't be operating your business for some time, then commercial coverage helps with the expenses of that period. Whether it's to relocate because of damage to the property where your lab was operating or the building was destroyed this insurance keeps you covered.
Commercial General Liability: If you want your business fully covered, then this is the insurance you need. If you or an employee destroys another person's property or causes injury to a third party, this protection will keep you covered. Also if there is a lawsuit against your company this insurance helps with the costs associated. This Oregon dental lab insurance covers legal defense fees, court costs, and settlements.
OR Business Auto Insurance: As a part of your business, you'll be required to use vehicles. There is always the possibility of getting in an accident while on the job. If your employees are using their vehicles for job purposes, then you may need to get non owned or hired auto liability insurance to keep them covered.
Commercial Umbrella Insurance: The underlying limits of your general liability policy might be too low. If this is the case, then you can purchase additional protection for your business. With umbrella insurance, it is possible for you to purchase excess liability insurance.
Workers Compensation: To work in most states, you must have this coverage as a part of your business insurance fro any non-owner employees. This type of coverage helps when an employee is injured while on the job and needs medical attention. If there are medical costs associated with the injury then this insurance helps with it. If the accident results in a fatality, then this coverage pays benefits to the surviving family.
Oregon Dental Laboratories' Risks & Exposures
Premises liability exposure is extremely limited since few customers visit the premises. In the event, that the laboratory deals directly with the public, waiting and examination areas must be kept clean. Hallways should have appropriate signage and lighting.
Products liability exposure is high since finished prostheses are used in patients' mouths. The exposure increases if the dental lab fails to conduct thorough background checks to verify employees' credentials, education, and licensing when required by the state. An improperly secured tooth could result in choking.
As patients may have allergic reactions to some of the materials used in the dental prosthesis, the laboratory should advise the dentist of all materials used. Molds of patients' mouths may contain small quantities of blood-borne pathogens so should be kept strictly separate from one another. Equipment used should be sanitized between orders. Quality control is needed to ensure that firing time has been appropriate and that the artificial teeth in dentures are adequately secured.
Environmental impairment exposure is significant due to the potential for contaminating air, ground, or water by improperly disposing of medical waste or waste from materials used in making prostheses. Disposal must be documented and meet all FDA and EPA standards.
Workers compensation exposure can be high. Workers can pick up blood-borne pathogens from contaminated molds. Gloves, eye, and ear protection should be worn at all times while handling molds and prostheses. Common injuries include arm and hand vibrations from machines, back strains from working in awkward positions, burns from chemicals or molten metals, contact dermatitis, foreign objects in the eye, and hearing impairment from noise.
Ergonomically designed workstations can prevent repetitive motion injury. Exposure to dust and gases, including those from toxic chemicals such as beryllium or silica, can result in long-term occupational disease. Ventilation systems should be functioning properly. Workers must be made aware of warning symptoms so they can obtain treatment as early as possible.
Property exposure is high due to the specialized types of equipment used to make dental prostheses. Ignition sources include electrical wiring, heating, and cooling equipment, as well as overheating of production machinery. Electrical wiring must be grounded and meet all current codes. Due to the sterile conditions that must be maintained throughout the facility, even a small fire can result in a large loss due to smoke contamination requiring re-sterilization. Smoking should be prohibited.
Molten metal is necessary to work with the various dental appliances. Small furnaces or kilns, which may generate heat up to 2,000 degrees, are needed to heat the porcelain teeth. There is even a vulcanizing process involved. Upkeep of the equipment is vital. There should be automatic shut-off devices to prevent overheating. Flammable chemicals should be kept in separate storage areas away from ignition sources. Raw materials, including gold, are expensive and may be targeted by thieves.
Appropriate security controls should be taken including physical barriers to prevent entrance to the premises after hours and an alarm system that reports directly to a central station or the police department. Business income and extra expense can be significant due to the high cost of equipment and the time it may take to repair or replace a damaged item.
Equipment breakdown exposure is due to the specialized equipment used in making bridges, crowns, and dentures. A breakdown could be costly due to the time to install replacement parts or the lack of appropriate backup facilities.
Crime exposure is from employee dishonesty as gold and other materials used in making dental prostheses may be expensive. Background checks, including criminal history, should be conducted on all employees prior to hiring. Ordering and billing must be handled by two different employees. Gold must be kept in a protected area, such as a safe, to prevent unauthorized access.
Inland marine exposure is from accounts receivable if the laboratory bills for services, bailees customers for work on existing plates or dentures, computers and valuable papers and records for patients' and suppliers' information. All items belonging to customers must be properly labeled so they can be returned to their rightful owners. Records should be duplicated and stored in an off-site facility.
Commercial auto exposure is generally limited to hired and non-owned for employees running errands. If the laboratory has owned vehicles and offers pickup or delivery services to dentists, drivers must be licensed with acceptable MVRs. Vehicles must be well maintained with documentation kept in a central location.
OR Dental Laboratory Coverage
Protection when operating your business is important, especially when running a dental lab. You can lose a lot in your business if you don't have the right protection. Take the time to speak with an insurance professional and work to find the right insurance for you.
Oregon Business Economic Outlook & Commercial Insurance Regulations
If you are thinking about doing business in the Pacific Northwest, you might have your sights set on Oregon. However, before you set up shop, it's important for you to have an understanding of the economy - so that you can make the best decisions possible. It's also important for you to know what type of business insurance policies you are legally required to carry in order to do business in OR.
In order to help set you up for success, below, we highlight some of key information regarding the economy in Oregon, as well as the regulations regarding commercial insurance.
The Economic Outlook In Oregon
In 2018, Oregon is projected to see an increase in their economy. The unemployment rate was 4.1 percent at the end of 2017, and it is expected that it will either stay the same or drop even lower by the end of 2019.
There are several industries that are expected to contribute to the job market and the economy overall in the state of Oregon. The industry that is expected to see the most gain in this state during the 2018 calendar year is construction, with an increase of 10.5 percent. The manufacturing industry is also expected to see significant growth, with a forecasted increase of 4.3 percent. Other industries that are expected to see growth in OR in 2019 include:
- Financial Services
Insurance Requirements For Oregon Businesses
The Division of Financial Regulation oversees the insurance industry in Oregon. Here workers compensation insurance is mandated. If you employ one or more person, whether that person is full-time or part-time, or is hourly or salaried, you are legally required to carry this type of coverage. Additionally, you must carry commercial auto insurance if you operate vehicle for any business-related purposes, whether it's meeting with clients, making deliveries, or transporting goods.
While commercial general liability insurance is not required in OR, it is highly recommended. This type of coverage will protect you from any lawsuits and the accompanying settlements that may arise in the event that some slips and falls, or claims that you damaged their property. You should also consider investing in commercial property insurance, as it can help to offset the cost of any property losses that you might experience.
Additional Resources For Medical Insurance
Discover small business insurance for medical and dental professionals. Medical malpractice insurance is a type of professional liability that protects health care professionals from liability causing in bodily injury, medical expenses and property damage.
- Ambulatory Surgical Center
- Art Therapy
- Assisted Living Facilities
- Dental Lab
- Diagnostic Imaging Centers
- Healthcare Facilities
- Home Medical Equipment Dealers
- Marriage & Family Therapy
- Medical Laboratories
- Medical Marijuana Dispensary
- Medical Practice
- Mental Health Counseling
- Occupational Therapy
- Physicians Office
- Skilled Nursing Facilities
- Speech Therapy
- Substance Abuse Counseling
Health care providers are the most trusted individuals in our society. Ironically, they are the same ones who can do the greatest harm. They actually have the right to invade our bodies with knives and to poison us with chemicals - all in the name of health care and with the goal of relieving our symptoms and hopefully bringing about a cure.
While the actions of these professionals normally benefit us, insurance coverage must be available for the times when mistakes happen and things go wrong. These professionals and their facilities have extensive property exposures that are becoming more and more intricate and whose values are increasing exponentially.
The 'one size fits all' approach that once could have applied to insurance for health care providers and their facilities no longer applies.
Professional liability offers protection against claims of malpractice for all sums that the medical professional becomes legally obligated to pay as damages because of rendering or failing to render professional services.
Professional and medical malpractice exposures are the most expensive and difficult of all exposures for health care providers. The commercial general liability policy excludes these exposures so separate coverage is needed. Most professional liability policies are written on a claims-made basis and, as a result, tail coverage and retroactive dates are important coverage issues to be aware of when evaluating the insured’s coverage needs and comparing coverages.
The coverage provided is often called medical malpractice. For decades, many involved in the health care field and insurance companies that provide insurance coverage to providers have stated that malpractice lawsuits have created an ongoing crisis of restricting insurance availability, due to loss of insurance companies that write the coverage and significant rate increases.
As a result, state legislatures have taken the following actions to address the situation:
Imposed a dollar limitation of liability for malpractice suits.
Modified statutes of limitation to limit the number of years that a suit may be brought against a physician following a negligent act.
Modified when the statute of limitations takes effect. An example is beginning from a negligent act's occurrence rather than from its discovery.
Passed laws to modify tort law procedures and doctrines that relate to malpractice.
Because of differences in law by state it is important to know the states in which the covered health care providers are licensed and regularly practice. Some health care providers may practice in multiple states because of their particular specialty, their reputation or the demand for their services. Some hospitals may have ownership in facilities or provide services to patients that are outside of their main location state.
Request a free Oregon Dental Lab insurance quote in Albany, Ashland, Astoria, Aumsville, Baker, Bandon, Beaverton, Bend, Boardman, Brookings, Burns, Canby, Carlton, Central Point, Coos Bay, Coquille, Cornelius, Corvallis, Cottage Grove, Creswell, Dallas, Damascus, Dayton, Dundee, Eagle Point, Estacada, Eugene, Fairview, Florence, Forest Grove, Gervais, Gladstone, Gold Beach, Grants Pass, Gresham, Happy Valley, Harrisburg, Hermiston, Hillsboro, Hood River, Hubbard, Independence, Jacksonville, Jefferson, Junction, Keizer, King, Klamath Falls, La Grande, Lafayette, Lake Oswego, Lakeview town, Lebanon, Lincoln, Madras, McMinnville, Medford, Milton-Freewater, Milwaukie, Molalla, Monmouth, Mount Angel, Myrtle Creek, Myrtle Point, Newberg, Newport, North Bend, Nyssa, Oakridge, Ontario, Oregon, Pendleton, Philomath, Phoenix, Portland, Prineville, Redmond, Reedsport, Rogue River, Roseburg, Salem, Sandy, Scappoose, Seaside, Shady Cove, Sheridan, Sherwood, Silverton, Sisters, Springfield, St. Helens, Stanfield, Stayton, Sublimity, Sutherlin, Sweet Home, Talent, The Dalles, Tigard, Tillamook, Toledo, Troutdale, Tualatin, Umatilla, Union, Veneta, Vernonia, Waldport, Warrenton, West Linn, Willamina, Wilsonville, Winston, Wood Village, Woodburn and all other cities in OR - The Beaver State.
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