Policyholder Services

How are premiums determined?

OMIC charges those premiums determined necessary to cover current and anticipated policyholder losses and to maintain financial stability. Independent actuaries evaluate OMIC’s actual loss experience data and the loss experience data for ophthalmology from other carriers throughout the nation and calculate recommended premiums for ophthalmologists by scope of practice and location accordingly. These recommendations are then reviewed and voted upon by our Board of Directors, which is made up of practicing ophthalmologists.

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

#4. Largest insurer in the U.S.

OMIC is the largest insurer of ophthalmologists in the United States and we've been the only physician-owned carrier to continuously offer coverage in all states since 1987 (pending in WI). Our fully portable policy can be taken with you wherever you practice. Should you move to a new state or territory, you're covered without the cost or headache of applying for new coverage.