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Why ODs Working for Multiple Employers Need a Portable Malpractice Policy
The following information is being sent to AOAExcel members on behalf of Lockton Affinity, LLC, a licensed insurance producer. Any recommendation or advice provided is based upon the opinion of Lockton Affinity, LLC and not AOAExcel.
Whether you moonlight on the weekends or work full-time across multiple practices, working formore than one employer as a doctor of optometry can add flexibility and additional income to yourcareer. However, if you rely solely on employer-provided malpractice insurance, you might be placing yourself at risk of a costly claim.
It can be difficult to ensure that you are provided appropriate coverage for all of the procedures you perform for each individual employer you work for. This is especially true if you practice across county and state lines, where legal requirements can vary. The best way to protect yourself is to carry your own portable malpractice insurance policy, one that is independent of any employer and guaranteed to cover every procedure you perform.
If you are unsure of what your existing malpractice policy covers or whether your coverage extends across multiple practices, Lockton Affinity can help. AOA members can receive a complimentary review of their policy from the experts at Lockton, who will comb through your policy line-by-line and confirm exactly what procedures you are covered for, and identify any exclusions that might leave you vulnerable.
The AOA Insurance Alliance is administered by Lockton Affinity, LLC d/b/a Lockton Affinity Insurance Brokers LLC in California #0795478. Coverage is subject to actual policy terms and conditions. Policy benefits are the sole responsibility of the issuing insurance company. Coverage may be provided by an excess/surplus lines insurer which is not licensed by or subject to the supervision of the insurance department of your state of residence. Policy coverage forms and rates may not be subject to regulation by the insurance department of your state of residence. Excess/Surplus lines insurers do not generally participate in state guaranty funds and therefore insureds are not protected by such funds in the event of the insurer’s insolvency. The American Optometric Association will receive a royalty fee for the licensing of its name and trademarks as part of the insurance program offered to the extent permitted by applicable law.
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