AAOIC Insurance Company Enhances Professional Liability Insurance Plan for AAO Members

Dentistry Today

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T. LOUIS (January 12, 2012) – The American Association of Orthodontists Insurance Company (AAOIC) announced five new policy enhancements to their professional liability insurance plan for AAO members.

"Making sure our professional liability insurance plan provides the ‘gold standard’ in protection for orthodontists has always been a top priority at the AAOIC," said Dr. Raymond George, Sr., DMD, Chairman of the AAOIC Marketing Committee. "These new enhancements help keep the program contemporary with our member’s needs."

The new expanded coverages include:

· Enhanced Consent to Settle Privileges: No claim or lawsuit will be settled without the member’s consent, nor will they be penalized when they do.
· Sexual Misconduct Defense: Members receive up to $25,000 per claim, up to a $25,000 annual aggregate limit, for the legal defense of allegations of sexual misconduct.
· Elimination of the HIV/AIDS Exclusion: Accidental transmission of HIV/AIDS now receives coverage—deliberate or intentional transmissionremains excluded.
· First Aid Coverage: This benefit provides reimbursement up to $10,000 for expenses members incur while rendering first aid in their office to a person other than themselves.
· Accidental Property Damage: Patient reimbursement for property damagewhile on a member’s premises, up to a $5,000 aggregate.

The coverage enhancements are automatically afforded to all new and in-force AAOIC Professional Liability Insurance policyholders effective October 1, 2011. All new and in-force professional liability policies will be amended with an endorsement by the AAOIC as evidence that these five coverage enhancements are afforded to all new and in-force policies as of October 1, 2011.

Only AAO member orthodontists are eligible to enroll in the AAOIC Professional Liability Insurance Plan. Due to the AAOIC’s operational efficiency and favorable claims record, over the years the insurer has been able to pass along savings to AAO members via premium reductions and dividends.