Policyholder Services

Do I have to pay my annual premium in full when I join?

No.  To help ease financial burdens, OMIC has set up a quarterly installment plan for premium payments. A modest service charge is assessed for this convenience. 

Unlike premium payments, premium taxes and Patient Compensation/Excess Liability Fund assessments, if applicable, must be paid in full at policy issuance.

For your convenience, OMIC has enabled online payment by Visa, MasterCard, American Express, or PayPal.

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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.