Optician Insurance Policies

Opticians Insurance Policies

The insurance scheme is available  to all opticians has been developed to provide a broad range of cover for practitioners at a competitive price so that it is affordable to as wide a range of people as possible. Cover is underwritten with Professional Risk Underwriting and Lloyd’s of London.”

Members of the Australian Dispensing Opticians Association (ADOA) will be entitled to a $50 discount on the premiums upon providing proof of membership of the ADOA.

Policy Highlights

• Medical Malpractice

• Public Liability

Medical Malpractice – $1 Million Cover

This section of the policy provides cover against amounts the insured person becomes legally liable to pay, subject to the sum insured,terms and conditions of the policy, for claims arising out of the provision of health care services which cause injury to a patient caused by a negligent act, error or omission e.g. you provide glasses to an optometrist and you inadvertently dispense the glasses without following the optometrist’s script resulting in a child wearing the glasses and suffering permanent damage.

Cover includes two reinstatements of cover and it also covers the cost of investigation and defence of any claim.

Public Liability – Choose Your Level of Cover

This section of the policy provides cover against amounts the insured becomes liable to pay to a third party subject to the sum insured, terms and conditions of the policy, for personal injury, loss or damage to property as a result of an occurrence happening in connection with the business e.g. an optometrist may be visiting your office or home-office and trip over equipment left lying on the floor and sustains an injury preventing him from working for 18 months. The claim for lost income will be covered under this policy.

Cover is available for $10 Million or $20 Million includes two reinstatements of cover. It also covers the cost of investigation and defence of any claim.

Do you Realise

You don’t have to have done something wrong for someone to take legal action against you. If they allege you have been negligent you can be faced with significant legal expenses in defending yourself. If the nature of the claims falls within the scope of the policy your legal expenses will be covered.

Premiums

ADOA Members

$1 Million Medical Malpractice $379.50
$10 Million Public Liability

$1 Million Medical Malpractice $452.00
$20 Million Public Liability

Non-ADOA Members

$1 Million Medical Malpractice $429.50
$10 Million Public Liability

$1 Million Medical Malpractice $502.00
$20 Million Public Liability

Additional Covers – Optical Equipment – Choose Your Level of Cover

Competitive cover is also available for your optical equipment including theft, fire damage and accidental damage

Sample Premiums

Value of Equipment Premium
$40,000 $496
$50,000 $611
$60,000 $727

The cover is provided for the repair or replacement of the equivalent item if the item cannot be repaired. Cover is underwritten with Protecsure and by Chubb Insurance Australia Limited

Important Matters

This information is intended to convey information of a general nature only and does not modify the policy wording in any way. A copy of the policy is available on request. Amounts payable will be limited to the sum insured and the policy and any excess that applies.

For assistance please call IME on 1800 64 1260