Policyholder Services



If I have to pay for a “tail”, how much will it cost?

It will depend upon the length of time you’ve been insured, your retroactive date, and your coverage history. On average, the tail cost will be approximately 185% of the base annual premium in effect at the time of termination but may be more or less depending upon factors such as your claims made step and coverage history. We recommend that you also investigate the cost of buying prior acts coverage from your new carrier.

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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.

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