In this episode, Ash sits down with Nick Hinshaw from WinStar Insurance Group to discuss how insurance can play a critical role in reducing stress for dental practice owners and their teams. The conversation covers essential insurance policies beyond the mandatory requirements, like disability insurance and group benefit plans, which can offer peace of mind to both owners and staff. Nick explains that regularly reviewing disability policies ensures coverage aligns with the evolving needs of practice owners, helping prevent unwelcome surprises if a disability occurs.
They highlight the importance of offering group benefit plans—such as health, dental, vision, and disability insurance—to retain employees and build a supportive practice culture. With turnover rates high in dentistry, especially in urban environments, providing comprehensive benefits can make a practice competitive and foster loyalty among team members. Ash and Nick also touch on insurance requirements for equipment purchases and warn against forced-place insurance imposed by lenders, which is often expensive and limited.
To find out more and connect with Nick, visit:
Or you can email him at nhinshaw {at} winstarins.com
Key Topics Discussed:
- Insurance as a tool for stress relief in dental practices
- Benefits of non-mandatory insurance, especially disability coverage
- Regularly updating insurance policies to match current needs
- Importance of group benefit plans for retention and practice competitiveness
- How supporting employees with benefits impacts practice culture and output
- Challenges with lender-imposed (forced-place) insurance on equipment
- The need for proactive, communicative insurance agents
- Asking staff about the benefits they value most
- Risk management and reducing pressure for practice owners
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