What coverage for regulatory exposures such as fraud and abuse billing actions and HIPAA violations are covered by OMIC’s policy?

OMIC was one of the first malpractice carriers in the United States to cover its policyholders for claims related to tangential risks such as fraud and abuse “billing errors” allegations and HIPAA privacy breaches.

Learn about the nearly 20 specific benefits included in OMIC’s Professional Liability policy. These benefits cover a variety of regulatory, billing, cyber, and electronic media liabilities and are discussed in detail in the Policyholder Benefits page.

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Six reasons OMIC is the best choice for ophthalmologists in America.

Consistent return of premium.

Publicly-traded insurance companies exist to make profits for shareholders while physician-owned carriers often return profits to their policyholders. Don’t underestimate this benefit; it can add up to tens of thousands of dollars over the course of your career. OMIC has one of the most generous dividend programs for ophthalmologists and has returned more than $90 Million to our members through dividends.

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What coverage for regulatory exposures such as fraud and abuse billing actions and HIPAA violations are covered by OMIC’s policy?