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How much does insurance cost for optometrists?

The cost of optometrist insurance depends on the policies you choose, the size of your practice, your unique risks, and other factors. Cost estimates are sourced from policies purchased by Insureon customers.

Business owner’s policy icon

Business owner’s policy costs for optometrists

Optometrists pay a median premium of about $80 per month, or $965 per year, for a business owner’s policy. This policy bundles general liability insurance and property insurance, often at a discounted rate.

A BOP protects optometrists against patient injuries and property damage, along with damage to your own business property. Because of its increased coverage and affordability, it’s the policy most often recommended by Insureon’s licensed agents.

Median cost per year: $965
Policy limit: $2 million per occurrence
Policy deductible: $1,000

Learn more about business owner's policy.

General liability insurance icon

General liability insurance costs for optometrists

The median cost of general liability insurance is about $35 per month for optometrists, or $420 per year. This policy protects against patient injuries and property damage, along with advertising injuries.

Insureon’s licensed agents typically recommend purchasing a business owner’s policy, which bundles general liability insurance with commercial property insurance at a discounted rate.

Median cost per year: $420
Policy limit: $1 million per occurrence
Policy deductible: $500

Learn more about general liability insurance.

Workers’ compensation insurance icon

Workers’ compensation costs for optometrists

Optometry practices pay a median premium of less than $60 per month, or $690 per year, for workers’ compensation insurance. This policy is required in almost every state for optometry clinics that have employees. It can cover medical fees and lost wages for work-related injuries and illnesses. 

Learn more about workers' compensation insurance.

Get free quotes and compare policies with Insureon

Insureon’s licensed agents work with leading U.S. carriers to find the right coverage for your clinic, whether you’re a solo practitioner or run a small optometry practice. Apply today to compare multiple quotes with one free online application. If you decide to purchase a policy, you’ll work with an account manager who specializes in business risks for optometrists.

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