How Your Liability Insurance Needs May Change throughout Your Career

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 [...]

By | September 1st, 2022|Insurance tips|0 Comments

A Guide to Switching Malpractice Insurance

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 [...]

By | July 7th, 2022|Malpractice Insurance|0 Comments

Malpractice Insurance for AOA Members

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 [...]

By | April 18th, 2022|Malpractice Insurance|0 Comments

Why Malpractice Insurance Rates Vary from Insurance Provider to Insurance Provider

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 [...]

By | April 6th, 2022|Malpractice Insurance|0 Comments

FAQs About Malpractice and Business Owner’s Insurance

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 [...]

By | March 2nd, 2022|Business Owner's Insurance, Practice Owners|0 Comments

5 Claims BOPs Can Help Protect Against

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 [...]

By | January 20th, 2022|Business Owner's Insurance, Practice Owners|0 Comments

5 Common Claims Optometrists Face

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 [...]

By | November 24th, 2021|Malpractice Insurance|0 Comments

How Do I Know I Am Covered for My Scope of Practice?

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 [...]

By | October 13th, 2021|Malpractice Insurance|0 Comments

Common Cyber Attacks Threatening Optometric Practices

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 [...]

Preventing Employment Practice Liability Claims

The hiring and firing process is full of risk for employers, including optometrists. Every year, workers file thousands of employment practices liability insurance (EPLI) claims against their workplaces. EPLI claims can come from a current employee, former employee or even a prospective employee, making a range of allegations, including: Discrimination Sexual harassment Invasion of privacy [...]