Your clients count on you for expert advice and professional services. But no matter how well-trained or careful you or your employees are, mistakes can and do happen—sometimes resulting in a lawsuit.

Professional liability insurance can provide the protection you need in these situations. Unlike general liability, which covers mainly bodily injury or property damage, professional liability can protect you and your business against damages that may arise from claims alleging:

• Errors or omissions
• Negligence
• Breach of duty
• Misleading statements

Insuring your business has never been easier. The California Optometric Association-sponsored Professional Liability insurance program offers competitive premium rates for employed optometrists, self-employed optometrists and their employees.

The COA program, underwritten by Liberty Insurance Underwriters Inc., a member of Liberty Mutual Group, offers you a complete package that provides outstanding coverage designed specifically for optometrists like you. You’ll have the advantage you need in today’s competitive business environment.

Optometrists Professional Liability Insurance

Competitive Rates
You pay only for the principals, employees or additional insureds. There is no extra premium charge to cover your business. There is no charge for clerical employees. All owners, partners or other principals are covered for all optometric services performed in conjunction with your business.

High-Level Liability Limits
Select the coverage limits that suit your needs—up to $1 million per incident/occurrence, $3 million annual aggregate. There’s no limit on the number of claims you can report each year, provided the total dollar amount paid for these claims does not exceed the annual aggregate limit you selected. Higher limits are available, subject to proof of contractual requirements.

Legal Fees and Court Costs
When a covered claim is brought against you, your legal fees and court costs are paid in addition to your liability limit. Plus, you can collect lost wages—up to $10,000—if you are required by the company to appear in court due to a claim or lawsuit filed against you. The program even pays your “reasonable expenses” when you are required to be in court (hotel, transportation, etc.).

Professional Boards or Organizations
Covers you for the performance of services as a member of a formal accreditation, ethics, peer review, licensing, standards review or similar professional board or committee, professional for-profit or not-for-profit organization in the conduct of your business or professional practice.

Defense Reimbursement for Regulatory Boards
Reimburses up to $5,000 per incident/occurrence, $10,000 annual aggregate for legal defense costs when you must defend yourself before any entity responsible for regulating your professional conduct.

Additional Features
 

• For qualified group practices, a premium credit is available. Credits range from 4% to 12%, depending on the number of professionals in the group.
• Deposition Assistance—up to $5,000 for legal representation for depositions related to your professional duties is included.
• For group coverage plans, each professional member of the group will have a separate limit of liability.
• First-Aid Reimbursement and Assault coverages are included.
• Damage to the property of others is also included up to $500 annual aggregate for individually insured professionals.

This information is a brief summary. For details, or more information on terms, conditions, limitations and any exclusions, please contact AMBA.

COA-SPONSORED Professional Liability Insurance
Underwritten by: Liberty Insurance Underwriters Inc.,
a Member of Liberty Mutual Group.
55 Water Street, New York, New York 10041

May not be available in all states. Pending underwriter approval.