Insurance for Opticians & Optometrists
An optometrist is a specialist in diagnosing and prescribing vision correction items such as eyeglasses or contact lenses. Optometrists do not make glasses or lenses. They must be registered with the General Optical Council (GOC) in order to practise.
At Business Insurance Service, we understand not just the insurance industry, but the commercial sector too. Our brokers have years of experience and expertise in finding professionals from across all disciplines the right kind of Liability and Professional Indemnity insurance cover for professionals, giving both sole traders, SMEs, and large companies the protection they need.
What Insurance does a Optician need?
Minimum recommended cover can usually be arranged on a Professional Indemnity (PI) combined policy to include Buildings, Computer Equipment & General Contents, Loss of Income, Employee Dishonesty, Public Liability, Employers’ Liability and Legal Expenses.
Property exposure is very light for fire and crime. The business interruption exposure can be minimised if the optometrist has arranged for temporary facilities with another optometrist.
Premises liability exposure is light. The customer areas should be neat, clear of obstructions and well-lit when people are travelling to and from the examination area. Overhead equipment should be moved before patients exit examination chairs. The patients’ area must be designed for patients who are visually impaired following administration of eye drops. Escort procedures must be clear for all personnel.
Crime exposure is from employee dishonesty of both money and inventory. All ordering, billing and disbursement must be handled by separate individuals. Monitoring must be constant.
Workers safety exposure is from possible transmission of disease from a patient. Gloves and masks should be worn at all times when working around any bodily fluids.
Products liability exposure is from the glasses that are prescribed and fitted. The optometrist will not make the glasses but will write the prescription and often sell the frames in his or her office as a separate operation.
Professional Indemnity exposures are a primary concern. All optometrists and employees should be well-trained, experienced, and properly licensed. The more procedures performed, the more chance of professional loss. Glaucoma screening is a must and should be performed by a trained individual as early detection is vital to treatment.
What other risks does an Optician face?
Other property exposure include items that the optometrist may take off site to handle emergencies, such as portable equipment. An optometrist’s office will generally include sophisticated computer and diagnostic equipment. All electrical wiring must be up to code with equipment properly maintained. A small fire, which produces smoke, can cause a lot of damage because of the need for sterile equipment. Additional exposures include book debts, computers and deeds and documents (patients’ records and research books). It is vital that duplicates of all records and programmes be kept off site.
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How can Business Insurance Service help Opticians?
Whether you’re a sole trader or a small to large company, your insurance portfolio has to be up to date and provide you and your business with the right level of protection. Rather than trying to find surgery, liability or professional indemnity insurance by hunting through countless websites, let us or our website do it for you.
We’re members of the British Insurance Brokers Association (BIBA) and work with some of the largest and best-known insurance providers in the UK, including Lloyds of London for larger, more complex and high-risk customers. We’re fully regulated and committed to delivering a premium quality, trustworthy and reliable service to all our customers, regardless of size.
As preferred brokers working with some of the largest insurance providers in the UK, we have immediate access to a huge range of policies for various businesses, including vets and surgeries. We provide our customers with a bespoke or package service, creating insurance portfolios that are specifically tailored to your individual needs, and your budget.