Ontario Association of Optometrists (OAO)

As an OD, your first concern is for your patients. As a business owner, you need to think about keeping risks and losses to a minimum. Continue here For Glossary of Terms & Definition.

 Coverages available through the OAO program include:

• Multiple PLI limit options ranging from $2 million to a higher option of $10 million.
• Special rate for new Grads - purchase PLI at the College requirement, of $2 million limit for ONLY $50. Term extends from time of graduation to March 15 of the following year.
• Entity Coverage for Defense Costs is available at no additional charge, subject to applicable professional corporations and operating entities being listed on the PLI certificate. Note: this coverage is on a reimbursement basis.
• CYBER COVERAGE – extension options available including a limited $150,000 liability only option along with $500,000 and $1,000,000 broader coverage options – coverage continues to be provided by Tokio Marine Canada.
• Humanitarian extension; coverage for volunteer work as an OD outside of Canada and US for maximum of 90 days; subject to claims brought in Canada.
• Tribunal Legal Expense (College Complaints): members continue to have the choice to either have the insurer handle legal costs from the outset of the College Complaint OR: members can obtain reimbursement at the insurer approved hourly rate upon resolution of the College Complaint.
• Miller Thomson on Call (MTOC) is a member benefit available to OAO PLI policy holders at no extra cost.
• This policy has no deductible.

If you require more substantial limits or coverage that is more closely tailored to your needs, or to obtain a quote for Commercial General Liability, contact: 

OAO Team at HUB International, toll free at: 1-855-565-4626 OR email us at [email protected]

Exclusive program of HUB International Ontario ULC and Berkley Canada.

Legal Expense Coverage:

Expenses under this heading are specifically related to the legal fees that you might be required to pay to properly defend yourself, if you should become the subject of disciplinary proceedings initiated by the college.

INCLUDED in this policy, is basic coverage which provides up to $100,000 of legal expense per proceeding, and $100,000 in annual aggregate of all occurrences no additional cost.

Legal Expense Enhanced Limit Option 1: $52 plus tax - provides up to $150,000 of legal per proceeding, and $250,000 in annual aggregate of all occurrences.

Legal Expense Enhanced Limit Option 2: $97 plus tax - provides up to $250,000 of legal per proceeding, and $250,000 in annual aggregate of all occurrences.

If you wish to include enhanced coverage in your application, please select the appropriate option. 

If you require more substantial limits or coverage that is more closely tailored to your needs, contact: 

OAO Team at HUB International, toll free at: 1-855-565-4626 OR email us at [email protected]

The OAO recognizes that many of our members need to be given a cyber insurance option at affordable premiums. We have also worked with HUB International to provide an update to the Cyber FAQ’s to hopefully answer some of your questions.

Click here for a Glossary of Terms & Definition and further information on cyber/privacy breach coverage and the extensions available.

The options below include specified coverage for Associates to protect the privacy liability against them. There are also options provide coverage on a slightly broader basis (both out-of-pocket cost and liability coverage) for clinic owners/operations.

Option A Additional Charge of $472 plus tax - LIABILITY ONLY Includes:

• $150,000 Each Security/Privacy Liability Occurrence and Annual Aggregate ($2,500 deductible)
  • NOTE: this coverage is best suited for Associate OD’s who do not own a clinic/practice
  • This extension will provide defense and settlement should the Associate OD be named in a privacy breach/cyber liability claim by a third party (e.g. a patient)

Option B Additional Charge of $855 plus tax Includes:

• $500,000 Each Security/Privacy Liability Occurrence and Annual Aggregate ($2,500 deductible)
• $100,000 First Party coverage (each occurrence), crisis management expenses, breach response costs, public relations expense, forensic and legal expense, data restoration expense ($2,500 deductible)
• Business Interruption, 12 hour waiting period (included in above limit)
• Cyber-Extortion & Ransom Expenses $100,000 (each occurrence) ($2,500 deductible)
• Option B Cyber Extension Annual Aggregate of $500,000 for both first party and third party liability claims

Option C Additional Charge of $1,180 plus tax Includes:

• $1,000,000 Each Security/Privacy Liability Occurrence and Annual Aggregate ($2,500 deductible)
• $250,000 First Party coverage (each occurrence), crisis management expenses, breach response costs, public relations expense, forensic and legal expense, data restoration expense ($2,500 deductible)
• Business Interruption, 12 hour waiting period (included in above limit)
• Cyber-Extortion & Ransom Expenses $250,000 (each occurrence) ($2,500 deductible)
• Option C Cyber Extension Annual Aggregate of $1,000,000 for both first and third party liability claims

The coverage above is not as broad as the standalone Cyber coverage. If you require more comprehensive limits or coverage that is more closely tailored to your needs, please contact OAO Team at HUB International, toll free at: 1-855-565-4626 OR email us at [email protected]