Choosing an insurance company to protect you and/or your practice can feel overwhelming. There are a multitude of companies on the market, they all want your business, and it can be difficult to distinguish amongst them. When buying your business insurance, it can be helpful to follow these guidelines to ensure you select the best [...]
As you progress in your career, your insurance needs will change. From recent graduates to retirement, Lockton Affinity provides access to a variety of insurance policies that can help safeguard you, your family and your practice throughout it all. How Your Liability Insurance Needs May Change: You Join the Workforce Recently graduated? As you [...]
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 [...]
Finding the right malpractice insurance is essential for a doctor of optometry’s practice and career. Shopping for the appropriate coverage inevitably leads to many questions. Since factors and circumstances can vary, it’s essential to understand what options are available to make the best decision. Lockton Affinity has worked directly with ODs for over ten years [...]
As a combination policy, business owner’s policies (BOPs) often include general liability insurance to protect against third-party claims and property insurance to protect against damage. Most optometric practice owners select a BOP to help combat these risks. BOPs from the AOA Insurance Alliance includes: Property General liability Business interruption This coverage can translate into protection [...]
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 [...]
Over the past year, cyber attacks against practices in healthcare-related fields increased by 55%, impacting more than 26 million Americans1. This increase paired with the average cost per breached record of $499 can be worrisome for doctors of optometry. Because your practice collects personally identifiable information from patients, including minors, you may have one of [...]