Professional Liability Insurance FAQs

Professional Liability Insurance FAQs

Tuesday, October 23, 2018

Whether you are a seasoned doctor of optometry or just beginning your professional career, having the right professional liability insurance is essential. However, with so many options on the market, selecting coverage can be overwhelming. To achieve peace of mind in your practice’s search for the right coverage, AOAExcel’s insurance program administrator, Lockton Affinity, shares three key questions to consider:

  • Is all malpractice insurance the same?
    No, but it can be broken into two categories: claims-made and occurrence. Claims-made policies only provide coverage if the policy is in effect both when an incident took place and when a claim is filed, while occurrence policies provide coverage for any event that took place while the policy was in effect. 
  • Is Indiana’s full scope of practice covered by my professional liability policy?
    Malpractice insurance policies may contain exclusions that can be left open to interpretation, such as a surgical exclusion. Many common procedures, including removal of a foreign body or a corneal foreign body, may fall within a surgical exclusion. 
  • What do my limits of liability represent?
    Limits of liability are commonly represented by two figures, such as $1,000,000 and $3,000,000. The first figure ($1M) represents the amount of coverage for an individual claim, and the second figure ($3M) represents the aggregate amount of coverage. 

For more information on AOAExcel’s program with Lockton Affinity for IOA members, visit 

The AOA Insurance Alliance program is administered by Lockton Affinity, LLC d/b/a Lockton Affinity Insurance Brokers, LLC in California. Policy benefits are the sole obligation of the issuing insurance company. The American Optometric Association may receive a royalty fee for the licensing of its name and trademarks as part of the insurance program offered to American Optometric Association members.