Optometrist Office Insurance

What Does Optometrist Office Insurance Cover?

(Here's what you need to know)

Optometrist Office Insurance

Like all small businesses, optometry offices face very specific risks and have unique business insurance needs. When you invite patients and the general public into your business, anything can go wrong. You need optometrist office insurance to protect your assets when you are faced with property damage or injury claims.

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Why Do I Need Optometrist Office Insurance?

Optometrist offices are subject to numerous property and liability risks that need to be addressed with optometrist office insurance. Unforeseen events can threaten your livelihood at any time if you do not have the right insurance coverage. 

Optometrists often see elderly patients and others with impaired vision who are more susceptible to slips and falls. What’s more, patients with dilated pupils have temporarily reduced or blurry vision. The risk of falls, bumping into equipment, or other mishaps is greatly enhanced while these patients are in your office. 

Optometry offices also have the same potential for experiencing property damage as any other business. Severe weather, fire, theft, and vandalism can damage your office space and equipment, and can even force you to close while you make repairs. 

How will you pay to repair or replace expensive optometry equipment that has been damaged or destroyed? 

Working closely with an independent insurance agent, you can determine exactly what risks you have and find tailored optometry office insurance to address them. 

What Does Optometrist Office Insurance cover? 

If your office space is damaged by some unforeseen event, or if you are sued for injuring someone or damaging someone else’s property, the financial viability of your entire practice could be at stake. You must protect:

  • The contents of your office space, including expensive optometry equipment, eyeglass and contact lens inventory, display cases, computers, and all other office furniture and equipment
  • Sensitive and confidential medical records
  • Your building (if owned)
  • Your employees
  • Your patients and members of the general public

Using a variety of business insurance policies, you can protect your optometrist office from all of the unique risks you face. An independent insurance agent can help you learn about and purchase the following types of optometrist office insurance policies. 

  • Property coverage: This covers buildings and their contents, such as computers, optometry equipment (whether it is owned or leased), furniture, eyeglass display cases, and inventory.
  • Business interruption coverage: This compensates you for lost business income and pays for operating expenses if you must temporarily close following a covered loss (e.g., a building fire.)
  • Liability coverage: This pays for claims of bodily injury and property damage that occur at your office (e.g., a patient with dilated pupils trips and falls in your office, breaking a wrist).

If you own a small to midsize optometry practice, you may be able to bundle your basic property and liability coverage together into a package policy designed for small business owners. This is called a business owners policy, or BOP. 

You might also want to consider endorsements to your business owners policy or standalone policies that provide the following types of coverage:

  • Computers and media coverage: This protects you from the inconvenience and financial loss for your optometry practice if theft, vandalism, viruses, or malware damage your computers. This coverage pays for loss of data or software as well as physical damage to computers and other hardware. 
  • Cyber-liability insurance: This provides coverage in the event of a data breach involving your practice. Whether the breach involves credit card data or the social security numbers and medical records of your patients, a data breach can cause significant financial and emotional distress for everyone involved. This coverage helps pay for the costs of notifying affected patients, as well as public relations and investigative costs. 
  • Commercial umbrella insurance: This provides excess liability protection beyond the limits of several other policies you might have, including commercial general liability or employers liability. If an injury lawsuit awards a judgment against you that exceeds the limits of your CGL policy, your commercial umbrella policy will cover the difference. 
  • Workers’ compensation insurance: This is typically required for any business that has employees, and pays for lost income and medical expenses for employees who are injured on the job. An employee who injures their back while lifting a heavy box of office supplies would need this coverage to help with medical bills and lost wages for any time away from work. 
  • Employee crime and dishonesty coverage: This protects your business from the costs of theft, dishonesty, and fraudulent acts committed by an individual employee or a group of employees. Unlike most medical practices, your optometry office may have a retail component that sells eyeglass frames, contact lenses, and other eyewear and accessories to the general public. Employee theft and dishonesty coverage is common for retailers that need a financial remedy after employee forgery, alteration, theft, unauthorized electronic funds transfers, credit card fraud, computer fraud, money order fraud, and counterfeit fraud. 
  • Employers liability insurance: This covers you if a current of former employee sues you for discriminatory employment practices.
  • Employee benefits: This includes benefits such as group health, life, dental, and disability insurance, which are a great way to attract and retain quality employees to your optometrist office. 
  • Valuable papers coverage: This can help you reproduce documents, such as medical or financial records, if they are damaged by a fire or some other covered event (theft, weather event, etc.).
  • Optometrist professional liability insurance: Don't forget this important coverage, which protects you against errors, omissions, and negligence in your medical advice or services. If a patient is physically or financially harmed as a result of your care, you can be sued for damages and lose your practice. 

An independent insurance agent can discuss your options and help you find coverage that is tailored for optometrists. 

How Much Does Optometrist Office Insurance Cost? 

The cost of optometrist office insurance depends on several factors, including the size of your business and the types of policies you need to cover all of your unique risks. 

With so many variables (e.g., number of employees, equipment of varying types and values, location and size of your building or office space, value of inventory on hand, etc.), business insurance costs will vary among optometrists. 

Find and Compare Quotes

An independent agent can work with you one-on-one to determine the types and amounts of coverage you need to protect your optometrist office from a variety of costly problems. 

Your agent can get quotes from multiple insurance companies so you can evaluate the cost and coverage options and make the best choice. 


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Our independent agents shop around to find you the best coverage.

Benefits of an Independent Agent

Our agents simplify the search process for finding the right optometrist office insurance. They’ll walk you through some handpicked policy options and explain the details and options.

Most importantly, they’ll be there for you when claim time comes. They know the ins and outs of the process and will make sure your claim is handled appropriately. 

The Lowdown on Online Quotes

Online quotes can be tempting. They are fast and easy to get—but are they accurate? And are you getting quotes for the right coverage? For business owners, choosing speed over accuracy can cost you. 

Online quotes can’t and don’t see the whole picture. They can leave out important coverage that will leave you devastated if something unexpected happens. And they can leave out cost-saving opportunities that an agent can help you take advantage of. 

Instead of getting an online quote, find an independent agent now, and get one-on-one consultation and affordable options for the best coverage for your unique needs. 

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TrustedChoice.com Article | Reviewed by Paul Martin

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