The American Association of Orthodontists Insurance Company (AAOIC) has experienced its share of misinformation. And that can create issues for any business. That’s why we’re confronting some myths head-on with these facts.

#1—AAOIC HAS THE FINANCIAL BACKING TO SUPPORT LARGE CLAIMS AGAINST MEMBERS.

All claims over $200,000 are reinsured by three reinsurance companies rated A+ (Superior) by A.M. Best. With billions of dollars backing us, we’re always prepared to support our members—no matter the size of the claim.

#2—AAOIC NEEDS YOUR CONSENT TO SETTLE A CLAIM.

AAOIC never settles a claim without an insured’s consent.

#3—AAOIC HELPS PROTECT AGAINST ALLEGATIONS OF MOLESTATION AND ABUSE.

AAOIC covers defense against molestation and abuse claims, up to $25,000 per incident and $40,000 per lifetime. Plus, our risk management program includes training to help avoid these kinds of claims. #4—AAOIC OFFERS PROTECTION FROM LOSS OF EARNINGS DURING A CLAIM.

AAOIC provides $1,000 per day and $10,000 per incident to help cover lost income.

#4 – AAOIC PROVIDES A $50 CLAIMS-MADE POLICY FOR RECENT GRADUATES.

New graduates, or soon-to-be-graduates, can purchase a $50 claims-made policy in their first year of practice. And, if the AAOIC plan is the first policy purchased right after graduation, they can also qualify for a 50% discount in their second year and a 25% discount in their third year.

#6 – AAOIC OFFERS A CHOICE IN MALPRACTICE INSURANCE.

AAOIC offers both occurrence and claims-made policies. And, if you decide claims-made is the best choice for you and your practice, free tail coverage could be an option in the future.

#7 – AAOIC COVERS INCIDENTS INVOLVING FIRST AID.

AAOIC provides a $10,000 benefit per incident and up to $20,000 for civil or board investigations. In addition, we offer up to $5,000 of coverage if a patient’s property is damaged while in your office. #8—AAOIC MALPRACTICE OFFERS COVERAGE FOR YOUR BUSINESS ENTITY.

When a lawsuit occurs, it is common for a claim to be made not only against you personally, but also against your business entity such as a professional corporation or partnership. For this reason, AAOIC offers both shared and separate limits for business entities.

When it comes to malpractice insurance for orthodontic professionals, AAOIC is the specialist you can trust. Because we’re orthodontists like you, we understand your needs better than any other. And, with coverage limits up to $6 million, AAOIC is the only ally you’ll need to fend off malpractice claims.

Need more facts? Check 7 Compelling Facts About AAOIC Malpractice Insurance.

Learn more about our malpractice insurance here.