When comparing professional liability insurance providers, it makes sense to look at scope of coverage, premium amount and policy limits to make an informed decision. Another important detail that can sometimes be overlooked — is the policy claims-made or occurrence coverage? Understanding the difference is vital. AOAExcel’s insurance program administrator, Lockton Affinity, defines the two coverage options as:
The malpractice insurance administered by Lockton Affinity provides guaranteed full scope of practice occurrence coverage with automatic updates and no surgical exclusions. For more information on AOAExcel’s program with Lockton Affinity for IOA members, visit ExcelOD.com/business-liability.
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.