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.

Consistent return of premium.

Publicly-traded insurance companies exist to make profits for shareholders while physician-owned carriers often return profits to their policyholders. Don’t underestimate this benefit; it can add up to tens of thousands of dollars over the course of your career. OMIC has one of the most generous dividend programs for ophthalmologists and has returned more than $90 Million to our members through dividends.