Policyholder Services

Coverage for Ophthalmologists

OMIC offers one of the most comprehensive policies available on the market today. The OMIC policy is written specifically for ophthalmic practice and includes robust features including Broad Regulatory Coverage and e-MD® Cyber Liability benefits. OMIC dividend program is one of the most generous in the industry, averaging nearly 20% during the past five years, and 30% higher than other major carriers (that have declared policyholder dividends). OMIC’s claim defense performance beats the industry averages by a wide margin, with OMIC paid indemnity averaging more than 25% less than multispecialty carriers and a win rate at settlement and trial far above competitors. Also, see 6 Reasons OMIC is the best choice for ophthalmologists.

Coverage for Practice

In the Coverage for Practice Q&A section, you will find answers to common questions regarding your direct liability as well as vicarious liability assumed through association with other ophthalmologists in groups, ownership of entities such as corporations or outpatient surgical facilities, and employment of physicians and non-physicians.

Coverage for Procedures

In the Coverage for Procedures Q&A section, you can learn about OMIC’s resources, recommendations, and coverage requirements for common ophthalmic procedures. OMIC’s expertise in underwriting ophthalmic risk can benefit you in many ways. First, it protects the company by improving claims performance, which keeps rates low and increases opportunities for dividend credits. Second, it protects you by helping us defend potential cases filed against you in the future.

Insurance 101

Have questions about common insurance terms or concepts? Visit the learning center on the Insurance 101 page. There you will find a glossary of terms and answers to many common questions about malpractice (and other types of) insurance. If you still have questions, call us, we would love to speak with you at greater length about your coverage needs.

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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.