We get regular requests from our members seeking Professional Liability Insurance, and I have been hard pressed to find an insurance company that will write it, let alone write it reasonable rate.

Below is part of an email message I just got from an agent that called me earlier this and said that she had a company that would write the policies at competitive rate and I asked her send me information that I could share with our members....

I’ve learned that Professional Liability for Opticians will start probably at $1500 for one Optician and 2 technicians and go up from there depending on the number of Opticians. This insurance will cover any professional issues they may have up to the liability limit that they choose.
I was surprised at this rate...

So is there anyone out there that knows a company that is writing policy that is more affordable and more in line with the risk?

Are most opticians paying those kinds of rates?

Or are opticians going without professional liability?

Any thoughts on this issue?

Many Thanks