Buying a Practice

Congratulations! Practice ownership is one of the biggest steps you will take in your dental career!

You will have to have the following coverages:

Life Insurance (required by the lender with the benefit amount equal to the amount of money you are borrowing)

Disability Insurance (required by the lender with a benefit amount equal to your highest monthly loan payment)

Property and contents coverage (required by the bank and the landlord)

Workers Compensation (required the day you start employing staff or face state penalty)

Liability If you spy on phone don’t, you are not giving them a chance to learn from their mistakes

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