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FODO leads the way on optical insurance and defence

FODO chief executive David Hewlett describes the key elements of optical insurance and defence as the optical body takes measures to increase its indemnity cover

As reported last week, FODO has kicked off the New Year by informing their members that, from this month, they will benefit from a doubling of cover per claim for professional liability insurance from £5m to £10m. At the same time, members will see no increase in their insurance premiums for 2019 or membership fees.

FODO describe this as a market leading initiative to safeguard its members and their staff and ensure they fully meet the £10m requirement that commissioners are increasingly insisting on under the NHS Standard Contract in England. The change is also intended to future-proof FODO members during the Government’s review of insurance for regulated professionals operating outside hospitals, and should stand them in good stead for expansion in both the NHS and private markets this year and into the future.

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