For a doctor of optometry, comprehensive malpractice coverage can be helpful beyond paying the high cost of legal fees and judgments—it can help protect you and your practice from the stress of handling a claim alone. Lockton Affinity’s AOA-endorsed Malpractice insurance coverage was developed with hands-on involvement by doctors of optometry. Even with endorsed coverage [...]
With your Malpractice insurance from Lockton Affinity, you will select a limit of coverage. There are multiple options and nuances with limits, and it can help to have a basic understanding to select the best limit option for your situation. An insurance limit, or limit of liability, is the maximum amount the insurance company will [...]
While rare, most malpractice claims allege negligence on the part of the optometrist and a failure to adhere to the standard of care that results in an injury to the patient. A poor outcome, even when an optometrist has done everything correctly, can be interpreted by a patient as negligence. Common malpractice claims include: Failure [...]
While the transition to a group practice is an exciting opportunity for doctors of optometry, it is important to understand the risks associated with malpractice insurance coverage for group practices. Risks of maintaining separate malpractice insurance Doctors of optometry know that malpractice insurance is required in order to practice. However, if you allow each [...]
Lockton Affinity partnered with the American Optometric Association more than a decade ago to meet the complex insurance needs of doctors of optometry. Developed with hands-on involvement by ODs, our policies and services meet the many nuances required of ODs and their insurance. Read on to learn more through our frequently asked questions. Questions [...]
As your malpractice insurance comes up for renewal, it’s natural to wonder if you might be able to get a better deal, coverage or customer service. But as a doctor of optometry, switching malpractice insurance can seem to be particularly daunting. Does the new policy fully protect me? Does it protect my future? How do [...]
More than a decade ago, AOA selected Lockton Affinity to build an insurance program that offers coverage, like malpractice insurance for AOA members, from top-rated insurance companies. From the very beginning, the program was developed with hands-on involvement by doctors of optometry to ensure the program and its coverage is tailored for ODs and their [...]
Malpractice insurance may seem cut and dry, so why the variance in rates from provider to provider? There are many factors that contribute to insurance rates, including scope of coverage, limit options, claim frequency and more. Factors that Cause Insurance Rates to Vary from Insurance Provider to Insurance Provider Malpractice policies and their rates vary [...]
Some of the most common claims optometrists face are generally preventable. Learn how to protect your practice from these five common malpractice claims. Understanding Malpractice Claims Optometrists Face Most malpractice claims allege negligence on the part of an optometrist and a failure to adhere to the standard of care that results in an injury [...]
It is important to make sure your insurance keeps up with the latest developments in healthcare science, industry and regulation. There are different ways that insurers manage changes to scope of practice. To find out how your Malpractice coverage handles an expanding scope of practice, start by checking the language in your policy. How [...]