Policyholder Services

Can OMIC ever assess me for additional premium?

No, OMIC’s policy is non-assessable.  Although changes in your practice location, scope of practice, or liability limits may affect your premium, under no circumstance can OMIC collect more money from you to recoup losses and expenses that exceed the initial premium charged to you for a policy period.

However, if you are a physician licensed and practicing in Massachusetts, your state may collect from you any and all state-ordered assessments as a condition of your medical licensure.  Similarly, New Hampshire physicians who were previously insured by the state’s Joint Underwriting Association may be responsible for state-ordered assessments.  If a state orders an “assessment,” such assessments generally apply to all practicing physicians, regardless of their insurance carrier.

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

Best at defending claims.

An ophthalmologist pays nearly half a million dollars in premiums over the course of a career. Premium paid is directly related to a carrier’s claims experience. OMIC has a higher win rate taking tough cases to trial, full consent to settle (no hammer) clause, and access to the best experts. OMIC pays 25% less per claim than other carriers. As a result, OMIC has consistently maintained lower base rates than multispecialty carriers in the U.S.