Policyholder Services



Can I carry higher limits than the other members of my group practice carry?

It is generally in the best interests of the parties involved if all members of a group practice (whether insured by OMIC or elsewhere) carry the same limits of liability. This way, no physician or entity will be viewed as a “deep pocket” and be expected to bear a larger share of any resulting loss solely by virtue of the limits carried. When members of a group carry the same limits, their contribution to an indemnity payment (if any) will more likely be based upon the merits of the case and that member’s role in the care and treatment of the patient.

OMIC’s underwriting guidelines require that all members of a group practice carry the same limits of liability. Exceptions to this rule are subject to underwriting review and may be granted on a case by case basis.

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

#1. Consistent return of premium.

Publicly-traded insurance companies exist to make profits for shareholders while physician-owned carriers often return profits to their policyholders. Don’t underestimate this benefit; it can add up to tens of thousands of dollars over the course of your career. OMIC has one of the most generous dividend programs for ophthalmologists and has returned more than $20 Million to our members through dividends.

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