Policyholder Services



What does Business Owners insurance cover?

As an owner or administrator of an ophthalmic practice, you know the importance of protecting your business from the daily operating exposures associated with a medical business practice. A patient slipping and falling in your office, theft of surgical equipment from your car, or damage to your computers or office equipment from electrical fires are all possible realities.

Although OMIC does not provide this type of insurance directly, we have arranged for access to this coverage through The Hartford. To assist you in managing the risks associated with running your business, OMIC and The Hartford have developed the Business Owners package insurance program for ophthalmologists. An industry leader in general liability and property protection for medical practices, The Hartford offers a variety of coverages essential for the protection of your practice.This insurance program provides comprehensive coverage, efficient claims handling, convenient 24-hour toll-free claims reporting and claims management and flexible payment plans. Through this program, you can build a custom policy by selecting from a variety of coverage options that are appropriate for your business.The Business Owners Insurance Program for Ophthalmologists may not be available in all states and coverage options may vary from state to state.What protection is provided for business personal property?The policy pays to repair or replace your building and any equipment, stock, furniture or fixtures that you own.Does the policy cover equipment breakdowns?
The policy protects against breakdowns of all types of equipment, including computers, scanning equipment, phone systems and air conditioners.Is business income interruption covered? In the event of a covered loss, the policy reimburses you for actual loss of earnings for up to a year. Even losses due to downtime or extra expenses needed to restore operations are covered.What business liability is covered? Business liability coverage protects your office operation from claims arising out of injuries to your patients or the general public, and from damage to the property of others. Defense costs as a result of such claims are covered regardless of fault in addition to your policy limits.

Is legal liability for fire covered? The policy protects against legal liability for fire, lightning or explosion damage to the portion of the premises you lease and occupy for your office.

What coverage is provided for money and securities? Your money and securities are protected at your covered location or when deposited in a bank or savings institution at off-premise locations or while in transit.

Are there special endorsements that can broaden my coverage? The Hartford offers the Stretch Plus for Medical Offices program, which is specifically designed for physician’s offices. It boasts over 20 important coverages available as a special package at a cost hundreds of dollars less than if they were purchased separately. The enhanced coverages include: Computers and Media, Employee Dishonesty, and Property in Transit.

Is umbrella coverage available? You may purchase extra layers of liability coverage, up to $5,000,000.

Contact the program representative, Dana Pollard Carulli, at NAS Insurance Services (877) 808-6277 (or dpollard@nasinsurance.com) for information about the competitive pricing for the limits and coverage that are appropriate for your practice.

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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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