How a sustained A rating can reflect your insurance company’s strength

Your relationship with your insurance carrier is one built on earned trust. You’re seeking a long-term partner that keeps pace with changes in your life, practice and profession. 

Want assurance that your insurer will be there when you need them? Three key measures are an A rating, good recommendations and a solid reputation.

1.The strength to weather change

Access to objective information about insurers’ financial strength and stability can help you make informed coverage decisions. 

Founded in 1899, AM Best is the world’s largest credit rating agency specializing in the insurance industry. AM Best ratings encompass assessments of such factors as:  

• Comparisons to industry standards and peers. 
• The ability to pay claims, debts and financial obligations in a timely way. 
• Sound business philosophy, management and operating performance. 
• Enterprise risk management, including underwriting and investment risks. 

In February 2024, The Dentists Insurance Company once again received an A (Excellent) rating from AM Best. That’s 30 consecutive years! This sustained A rating reflects TDIC’s commitment to consistently review trends, audit service processes and evolve with policyholders’ needs. Because TDIC has earned a reputation for an excellent ability to meet insurance obligations, policyholders benefit from more security — even in a dynamic market and during challenging times. 

2. The trust of your colleagues

While ratings are a strong indicator of company strength, dentists often rely on peers and brokers for coverage recommendations. If facing a claim, you’ll want the peace of mind that your insurer is in your corner. 

To protect their peers in a climate of skyrocketing malpractice rates, a small group of dental association members founded The Dentists Insurance Company in 1980. The company has since grown to protect dentists across 15 states with a board led by dentists and products approved by peers.

This leadership develops the policies, procedures and regulations for the operation of TDIC and its broker, TDIC Insurance Solutions. If, for example, the company’s underwriters were not going to insure a dentist, that individual would have the opportunity to appeal to a panel of their peers. From peer-led decisions to dividends returned to policyholders, TDIC keeps the best interests of dentists at heart.

3. Dentistry-focused experience

To protect dentists better than any other insurer, a company also must understand dentists and their profession better. TDIC’s agents, analysts, legal team and in-house claims unit all deliver specialized expertise. Policyholders benefit from one-on-one risk management guidance, continuing education on trending topics, and resources to prepare for, prevent and respond to practice challenges.

With a singular focus on dentists for 43 years and counting, TDIC offers the right protection for every stage of practice, as well as policy reviews to uncover gaps and better coverage options and tools to navigate today’s risks. 

 
AM Best Company rating effective February 2024. For the latest rating, access ambest.com.