Why do ophthalmology clinics need business insurance?
Just as you’d advise your patients to carry medical insurance, your eye care center needs to ensure that it’s shielded from liability. Business insurance helps mitigate legal costs and losses from injuries, theft, and accidents. Commercial leases and state laws may require coverage.
Find the right coverage
Insureon helps ophthalmologists find insurance quotes that match their unique risks.
Get free expert advice and peace of mind knowing you have the right property and liability coverage for your eye health business.
What types of insurance do ophthalmologists need?
These insurance policies cover the most common risks of ophthalmology.
General liability insurance
This policy covers basic third-party risks, such as a patient who slips and suffers an injury during a routine eye exam. Bundle it with property insurance in a business owner’s policy for savings.
- Slip-and-fall accidents
- Damaged patient property
- Libel and other advertising injuries
Business owner’s policy
A BOP bundles commercial property insurance and general liability coverage under one plan. It's often one of the most cost-effective types of commercial insurance for eye doctors.
- Slip-and-fall accidents
- Damaged patient property
- Business property damage and theft
Workers’ compensation insurance
Most states require workers' comp for eye surgery and vision care businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
- Employee medical expenses
- Disability benefits
- Lawsuits over employee injuries
Professional liability / medical malpractice
Professional liability insurance covers the cost of lawsuits related to your work, such as a failure to diagnose glaucoma. It's sometimes called malpractice insurance.
- Cataract surgery that causes vision problems
- Oversight of a medical problem
- Mismanagement of an eye disease
Commercial auto insurance
Most states require commercial auto insurance for vehicles owned by an ophthalmology business. It helps cover the cost of an accident involving your business vehicle.
- Damage caused by your vehicle
- Medical bills from an auto accident
- Vehicle theft and vandalism
Cyber insurance
This policy helps ophthalmology clinics survive data breaches and cyberattacks. It can often be added to a business owner's policy or general liability policy at a discount.
- Customer notification expenses
- Data breach lawsuits
- Fraud monitoring costs
How much does business insurance cost for healthcare professionals?
A small ophthalmology clinic will pay less for insurance than a larger business.
Factors that affect premiums include:
- Services offered, such as annual eye exams or treatment of eye conditions
- Property and merchandise, such as contact lenses and eyeglasses
- Business income
- Business location
- Types of insurance purchased
- Policy limits and deductibles
How do I get ophthalmologist insurance?
It's easy to get ophthalmologist insurance or LASIK eye specialist insurance if you have your company information on hand. Our application will ask for basic facts about your business, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
- Complete a free online application
- Compare insurance quotes and choose policies
- Pay for your policy and download a certificate
Insureon's licensed insurance agents work with top-rated U.S. providers to find the right insurance coverage for your ophthalmology practice, whether you work independently or hire employees.
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