Policyholder Services

I will be taking 8 weeks of maternity leave. Can I place my policy on inactive status during this time to reduce my premium?

Yes. OMIC offers physicians who temporarily discontinue practice due to family leave, extended illness or temporary disability, return to formal training, sabbatical, or call to active duty the option of placing their policies on suspension of coverage during their leave of absence. Under a suspension of coverage, no coverage is provided for claims arising from professional services that occur while the policy is suspended. However, the policy remains active for the purpose of reporting claims arising from services rendered prior to the leave of absence. This suspension of coverage benefits the insured in two ways. First, it eliminates the need to purchase tail coverage upon cessation of practice. In addition, premiums are discounted during the period of suspension in recognition of the reduced liability exposure.

To qualify for a suspension of coverage, the leave of absence must be for a minimum period of 90 days (60 days for family leave). Suspensions are generally not offered for periods longer than one year. Due to state coverage requirements, OMIC is not able to offer suspension of coverage to physicians who participate in the Kansas Health Care Stabilization Fund or in the Nebraska Excess Liability Fund. Other conditions may apply. Please contact your underwriting representative for more details.

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

Leader in the industry.

A-rated by AM Best, OMIC is consistently ranked among the top malpractice insurance companies in America for financial stability. No other carrier has matched OMIC's consistent financial performance with regard to both combined, operating, and surplus ratios, the most relevant financial measurements for an insurance carrier.