Effective as of 2007, AAOIC insureds are required to complete the AAO-endorsed Risk Management Program annually in order to receive a 10% premium discount (maximum premium discounts do apply). Insureds may attend the Risk Management Seminar at the AAO Annual Session or purchase and view the DVD produced at the seminar. The examination that accompanies the DVD must be completed and returned to AAOIC prior to receiving a premium credit. To learn more about premium discounts, contact the AAOIC Underwriting Department at (800) 240-2650.
Summary of Program
Why are the majority of orthodontists in the U.S. currently insured in the AAO-endorsed Professional Liability Plan? There are 3 very good reasons:
- AAO members only - the AAO has monitored their endorsed program since 1987 and have seen that the frequency and severity of the claims filed by qualified orthodontists are at a low, manageable level year after year.
- Ownership - The insuring company is owned by its policyholders (AAO members). The AAO Insurance Company (AAOIC - a risk retention group) vigorously defends its insured members during critical legal times.
- Benefits and Costs - Up to $5,000,000 of coverage is available with no deductible to pay. All defense costs are paid by the policy. The average premium paid by an orthodontist insured in the AAO plan has been reduced by 50% since 1987.
The AAO Professional Liability Program provides our members with the security on knowing they are in good company with fellow orthodontists through the AAO. Please review the following plan description and also receive a personal premium indication at no obligation.
