Policyholder Services

Policy Forms and Updates
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Policy Booklet
OMIC has updated its professional and limited office premises liability policy effective January 1, 2016. OMIC has broadened its professional liability insurance coverage via the removal of certain exclusions. OMIC eliminated the exclusion of various specific procedures including refractive surgery except intraocular refractive surgery (which can be covered by endorsement). The postoperative care exclusion addressing comanagement was deleted. OMIC has also made additions to the cyber liability benefit. The first enhancement is coverage of proactive privacy breach response costs and voluntary notification expenses. The second is Brandguard, which covers an insured’s lost revenue directly resulting from an adverse media report and/or notification to customers of a security or privacy breach. The third new benefit is PCI DSS Assessment coverage. It provides coverage for the fines and penalties levied by the Payment Card Industry Data Security Standards council (Visa, Mastercard, AmEx, etc.) against merchants who are not PCI DSS compliant. The policy now defines “act of terrorism” and excludes acts of terrorism not otherwise covered by the updated Certified Acts of Terrorism Insurance Coverage endorsement. The procedures covered under the various surgery and non-surgery classes have been updated, as well. This is not a complete list of changes; please carefully review the policy booklet and updates, if any, for all terms and conditions.


Bylaws and Updates
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OMIC’s Board of Directors made minor revisions to the company’s Bylaws effective May 21, 2016, to update OMIC’s membership eligibility requirements. This is just a summary; please review the Bylaws carefully for all provisions.


Choice of law agreement between TX physicians and NM patients
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Featured Document
OMIC has completed its revision of the HIPAA Business Associate (BA) Agreement it maintains between itself and each of its insureds. A hard copy was sent to OMIC insureds by mail. Because OMIC has 4,500 physician insureds, it would be administratively burdensome for OMIC to review and sign individual BA Agreements provided by each of its insureds. OMIC’s BA Agreement meets the latest HIPAA and HITECH standards as promulgated in the Omnibus HIPAA/HITECH Final Rule and is the only BA Agreement that OMIC will maintain between itself and its insureds. Please retain your copy of the OMIC BA Agreement with your HIPAA compliance materials.


Six reasons OMIC is the best choice for ophthalmologists in America.

#4. Largest insurer in the U.S.

OMIC is the largest insurer of ophthalmologists in the United States and we've been the only physician-owned carrier to continuously offer coverage in all states since 1987 (pending in WI). Our fully portable policy can be taken with you wherever you practice. Should you move to a new state or territory, you're covered without the cost or headache of applying for new coverage.