Policyholder Services

How do I decide whether to purchase prior acts from OMIC or a “tail” from my present carrier?

If your prior coverage was claims made, you have two options when you leave your old company:  you can purchase a tail to preserve the coverage you had with that company or you may be eligible to purchase prior acts coverage from OMIC.  Although, dollar for dollar, tail coverage and prior acts coverage usually cost about the same over a period of time, you will generally benefit by purchasing the prior acts coverage from your new carrier, when available, to avoid the burden of the large, out-of-pocket expense of tail coverage.  In addition, insureds often prefer their current carrier to handle all new claims made against them regardless of when the incident occurred.

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

Supporting your specialty.

OMIC was founded by members of the American Academy of Ophthalmology nearly a quarter century ago and is the only carrier sponsored and endorsed by AAO. OMIC is also endorsed by 54 other ophthalmic societies. The OMIC partnerships with state and subspecialty societies qualifies their members for an exclusive 10% premium credit. Contact your state society for details.