Business Insurance Products

OMIC is a leader in professional liability insurance for ophthalmologists. As one of the largest risk retention groups in the United States and the only carrier endorsed by the American Academy of Ophthalmology, OMIC’s ophthalmic-specific underwriting, claims and risk management services are unparalleled within the industry.

Expanding beyond professional liability, OMIC coordinates access to six business insurance programs which are specially tailored for the unique exposures of an ophthalmologist’s practice. Underwriting and claims services are provided by superior “A-rated” carriers, including The Hartford, NAS Insurance Services and Lloyds of London.

Contact the Administrator of these programs, Medical Risk Management Insurance (MRMI) for quotations, application requests and other information. MRMI’s dedicated OMIC hotline is (800) 610-6642.

• Professional Liability coverage provides financial protection to solo or group ophthalmic practitioners and business entities when medical malpractice is alleged.
• Broad Regulatory Protection Policy replaces the Fraud and Abuse/HIPAA Privacy Policy and extends coverage for billing errors and HIPAA Privacy proceedings to include fines and penalties (where allowed by law).
• Employment Practices Liability Insurance provides financial protection for members who are accused of wrongful employment practices, such as sexual harassment, discrimination and wrongful termination.
• The Business Owners Policy protects members from the daily operating exposures associated with a medical business practice from patient slips and falls to theft of equipment and fire damage to the premises.
• Workers' Compensation Insurance helps members manage the risks associated with employee work-related injuries.
• Managed Care Errors & Omissions, Directors & Officers Liability and Employment Practices Liability Coverage offers three valuable combined coverages designed to protect managed care providers.