Policyholder Services

If I have a claim, will it increase my premium or allow you to cancel my coverage?

Since we are a Risk Retention Group owned by and managed for ophthalmologists, we do not focus exclusively on frequency or severity when we evaluate a judgment or a settlement. We also want to know whether there has been a breach in the standard of care and why. That evaluation will decide our course of action. The mere filing of a claim will not result in a policy surcharge. Reporting a claim won’t even jeopardize your eligibility for the “loss free” discount; however, if the claim closes with payment of damages, this discount will no longer be available to you until you are once again “loss free” for two years.

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

#3. 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 your 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’s base rates have consistently averaged approximately 15% lower than multispecialty carriers in the U.S.