Why do optometrists need insurance?
Business insurance can cover the high cost of a legal defense, and also protect your practice financially against equipment damage, injuries, and other risks. Some policies, such as workers' compensation for your employees, may be required by state law.
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With Insureon, optometrists can get insurance coverage the same day they apply for quotes.
Fill out our easy online application to compare quotes from top-rated providers.
What types of business insurance do optometrists need?
These insurance policies cover the most common risks of optometry.
General liability insurance
A general liability policy covers basic third-party risks, such as an injury from a patient tripping in your optometry clinic. It's often required for commercial leases.
- Patient bodily injuries
- 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 one of the most cost-effective types of commercial insurance for optometrists.
- Slip-and-fall accidents
- Damaged patient property
- Business property damage and theft
Workers’ compensation insurance
Most states require workers' comp for optometry businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
- Employee medical expenses
- Disability benefits
- Legal fees from employee injuries
Professional liability / medical malpractice
This policy covers legal defense costs related to errors and oversights, such as an optometric physician who fails to identify a serious illness. It’s sometimes called medical malpractice insurance.
- Oversight of a medical problem
- Errors that harm a patient
- Malpractice claims
Commercial auto insurance
Most states require commercial auto insurance for vehicles owned by an optometry practice. 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 optometry clinics survive data breaches and cyberattacks. It can often be added to a business owner's policy or general liability policy for savings.
- Customer notification expenses
- Data breach lawsuits
- Fraud monitoring costs
How much does insurance cost for optometrists?
A small optometry clinic will pay less for insurance than a larger business.
Factors that affect the pricing include:
- Optometry services offered, such as routine eye exams or urgent care
- Medical equipment and property
- Business income
- Business location
- Types of insurance purchased
- Policy limits and deductibles
How do I get optometrist insurance?
It's easy to get optometrist business 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 optometry clinic, whether you work independently or hire employees.
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