Skip to content
Search icon

Insurance for Optical Surgery Centers

Insurance for optical surgery centers 

Insurance is an essential safeguard for optical surgery centers, protecting them from the financial and legal risks associated with their operations. Medical malpractice insurance provides critical coverage for claims of negligence or errors during procedures, including legal defense costs and settlements.

General liability insurance addresses non-medical risks, such as slip-and-fall accidents on the premises, while cyber liability insurance safeguards patient records from data breaches and ensures compliance with privacy laws. Property insurance is also vital for protecting expensive surgical equipment and facilities from damage or loss.

By securing comprehensive insurance coverage, optical surgery centers can focus on delivering exceptional care while mitigating the risks that could impact their financial stability and reputation.

Get a Free Quote Now

The fastest way to find the most suitable insurance coverage for optical surgery centers is to fill out our quick quote form, so we can give you an idea of the type of insurance coverage that best suits you.

Westwood Insurance works with a number of different carriers to ensure you have the most suitable insurance coverage at the best price.

Card image icon

Insurance for Optical Surgery Centers can include:

  • Bodily Injury Coverage
  • Property Damage Coverage
  • Premises Liability including slips, trips, and falls
  • Completed Operations Coverage
  • Personal and Advertising Injury including Defamation (slander or libel)
  • Medical Payments Coverage
  • Legal Defense Costs
  • Legal defense expenses covered in addition to liability limits
  • Abuse and Molestation (SAM) Coverage (limited coverage)

Why do Optical Surgery Centers need Insurance?

The precision required in eye surgeries, combined with high patient expectations for successful outcomes, exposes optical surgery centers to specific risks and potential lawsuits. Here are key areas where they are vulnerable to being sued for malpractice:

  1. Surgical Complications and Errors: Even with advanced technology and skilled surgeons, there’s a risk of complications during or after eye surgery, including infection, undercorrection, overcorrection, and in rare cases, loss of vision. Surgical errors can lead to significant patient harm and dissatisfaction, resulting in malpractice claims.

  2. Failure to Obtain Informed Consent: Patients must be fully informed about the risks, benefits, and alternatives of eye surgeries. Failure to obtain proper informed consent can lead to legal action if patients experience adverse outcomes they were not adequately warned about.

  3. Improper Patient Selection: Not all patients are suitable candidates for certain optical surgeries, such as LASIK. Improper screening and selection can lead to unsatisfactory outcomes or exacerbation of pre-existing conditions, making the center liable for the resulting complications.

  4. Postoperative Care Issues: Inadequate postoperative care, follow-up, or failure to address complications promptly can worsen patient outcomes. Optical Surgery Centers can be sued if they fail to provide appropriate post-surgery care instructions or neglect post-surgery complications.

  5. Equipment Malfunction: The success of optical surgeries heavily depends on the precision and reliability of surgical equipment. Malfunctions or improper use of equipment can lead to surgical errors and patient harm.

  6. Data Privacy and Confidentiality Breaches: Like all medical facilities, Optical Surgery Centers handle sensitive patient information. Breaches of patient confidentiality can result in lawsuits for violating privacy laws.

  7. Miscommunication with Patients: Clear communication regarding the expected outcomes, potential side effects, and the recovery process is crucial. Miscommunications can lead to unrealistic expectations and dissatisfaction, potentially resulting in claims against the center.

  8. Failure to Keep Up with Technological Advances: The field of optical surgery is rapidly evolving. Centers that fail to adopt newer, safer, and more effective technologies may be viewed as providing substandard care, increasing their liability risk.

Malpractice or liability insurance provides financial protection against claims of negligence or malpractice, covering legal defense costs, settlements, and judgments. For Optical Surgery Centers, this insurance is crucial for mitigating the financial and operational impacts of potential lawsuits.

 Westwood Insurance work with a number of different carriers to source the most suitable insurance for optical surgery centers at the best price. Get a quote today.

MedPro Group
Core Specialty
CNA Logo
Travelers Insurance
CFC Underwriting
Applied Underwriters
Tokyo Marine Insurance Group
crum-forster-bw
AIG Insurance
Ironshore
Strategic Comp
MagMutual
Genstar
Beazley
Empro Insurance
Great American Insurance
Skyward Specialty Insurance
Hudson Insurance Group
Huntersure Insurance
MIG Insurance
Kinsale Insurance

What types of Insurance do Optical Surgery Centers need?

 
General Liability Insurance

General Liability Insurance

General Liability covers medical expenses and attorney fees which result from bodily injuries and property damage that your facility or organization could be legally responsible for.
 
 
Professional Liability Insurance

Professional Liability Insurance

Also known as malpractice insurance, this  protects facilities against claims related to malpractice, negligence, or injury resulting from resident care. Staff members will typically be covered by professional liability insurance.
 
 
sexual-molestation

Sexual Abuse and Molestation Insurance

Provides coverage for your optical surgery center against claims arising from alleged sexual misconduct or molestation by an employee or other representative of your organization. Essential for the senior living industry.
 
 
Commercial Property Insurance

Commercial Property Insurance

This protects your facility against damage or loss to your buildings, equipment, and other property, which can happen as the result of various risks such as fire, theft, or vandalism.
 
 
workers compensation insurance

Workers Compensation Insurance

Workers Compensation Insurance is usually mandated by law. It protects optical surgery centers and employees in case of work-related injuries or illnesses.
 
 
Cyber Liability Insurance

Cyber Liability Insurance

Covers you against financial losses associated with data breaches, cyber attacks, and other cyber incidents. Insurers will usually conduct rigorous testing of your online system to fix vulnerabilities as part of this policy.
 
Google-banner

 

five-starsMy Insurance agency has done business with Westwood for over 10 years and always found them to be professional...

google-S

Shira Abrams
02 May, 2023

five-starsI’ve worked with Michael Richards and his team now for many years and I can unequivocally say that they are by far the...

google-J

Joe Roth
11 June, 2023

five-starsWestwood Insurance Group, with Dale and Liz are a pleasure to work with in helping solve for my insured’s insurance needs...

Greg Cullom

Greg Cullom
08 Nov, 2023

five-starsLaura has been a great contact for us over at the Westwood Insurance Group. She is extremely communicative...

Google-H-1

Hayley Shryock
30 June, 2023

five-stars

 

 

Kathy Natale

Kathy Natale
25 Sept, 2024

Speak with an Insurance Professional

Michael-portrait-sml

Michael Richards

Michael specializes in sourcing the most suitable insurance for Optical Surgery Centers at the best price. You can call him or fill out the form and he will get your message directly.

Call 216-502-4967 or
Fill Out the Form