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.

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.

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