Navigating the waters of insurance can be tricky. Our goal at the Optometric Protector Plan® is to take the guess work out of it and help you to make the best decisions when purchasing a professional liability policy.

The Optometric Protector Plan, through our carrier partners, provide options for both shared and separate limits for your legal entity and employees such as Opticians, Optometric Techs and Ophthalmic Techs.

Mapping out the Differences, so you can decide which course is right for you:

Shared Limits

When purchasing a professional liability policy, coverage for your legal entity and employees can be added to your policy. When choosing the Shared limit option, there is one limit for the policy that the OD, legal entity and employees will all share for the policy period. There is no additional charge when selecting the Shared limit option.

For example, if you choose a shared policy limit of $1,000,000 / $3,000,000 – all covered under that policy will share in that one limit. Illustrated below are the limits provided under this policy:

  • In Dr. Jones Optometric office the OD, Legal Entity, Optician, Optometric Tech and Ophthalmic Tech will all share the $1,000,000/ $3,000,000 policy limit.

Separate Limits

When purchasing a professional liability policy and adding coverage for your legal entity and employees with a Separate limit option, all covered under that policy will have their own Separate limit of liability. There is an additional premium charge when selecting the Separate limit option.

For example, in Dr. Smith’s Optometric office the OD, Legal Entity, Optician, Optometric Tech and Ophthalmic Tech will have their own separate limit of $1,000,000 / $3,000,000. Illustrated below are the limits provided in a separate limit policy:

  • OD – $1,000,000 / $3,000,000 policy limit
  • Legal Entity – $1,000,000 / $3,000,000 policy limit
  • Optician – $1,000,000 / $3,000,000 policy limit
  • Optometric Tech – $1,000,000 / $3,000,000 policy limit
  • Ophthalmic Tech – $1,000,000 / $3,000,000 policy limit

For more information on the Optometric Protector Plan or to receive a quote, please visit our website or call the OPP customer service hotline at 888-297-5230, and one of our agents will assist you.