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.

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.

Ophthalmic Mutual Insurance Company (OMIC)Phone: (800) 562-6642
655 Beach Street | San Francisco, CA 94109-1336Fax: (415) 771-7087
PO Box 880610 | San Francisco, CA 94188-0610Email: omic@omic.com