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Malpractice Insurance

Discussion in 'Young Ophthalmologists' started by eyrobinson, Dec 7, 2007.

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  1. eyrobinson

    eyrobinson 2+ Year Member

    12
    0
    Nov 10, 2006
    Oakland, CA
    How much is it for an ophthalmologist?
     
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  3. Andrew_Doan

    Andrew_Doan Doc, Author, Entrepreneur Moderator Emeritus Lifetime Donor Classifieds Approved 10+ Year Member

    5,633
    17
    Oct 1, 2002
    San Diego, CA
    Physician
    Depending on where you practice (state) and what you do (experience + volume). For general ophthalmologists it can range from $15,000 - $40,000+ a year.

    Here is an old article on malpractice and how much it varied in cost by region. In 1986, ophthalmologists were paying on average $9423/year.

    Keep in mind that high volume surgeons can pay higher rates than their colleagues.

    An interesting article in EyeNet:
    http://www.aao.org/publications/eyenet/200711/feature3.cfm

    Contact OMIC for a free quote: http://www.omic.com/
     
  4. Andrew_Doan

    Andrew_Doan Doc, Author, Entrepreneur Moderator Emeritus Lifetime Donor Classifieds Approved 10+ Year Member

    5,633
    17
    Oct 1, 2002
    San Diego, CA
    Physician
    I called OMIC today. Rates have dropped recently.

    For Southern California, $1/$3 million coverage for a general ophthalmologist doing Class 3 surgery (i.e. cataract surgery, intraocular surgery, and all Class 2, Class1, and medical ophthalmology) - refractive and plastic procedures excluded and results in higher rates are:

    Year 1: $5003
    Year 2: $8018
    Year 3: $9646
    Year 4: $10,129
    Year 5 (max rate): $11,034
     

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