$10,000,000 per claim / $10,000,000 annual aggregate Professional Liability coverage
$5,000,000 per occurrence / $5,000,000 annual aggregate in General Liability coverage
$300,000 per claim / $300,000 annual aggregate Regulatory Legal Expense Coverage
$300,000 per claim / $300,000 annual aggregate Criminal Defence Reimbursement Coverage
$527 annual premium if a member of CPA or a CPAP provincial/territorial association
$494 annual premium if a member of both CPA and a CPAP provincial/territorial association
$238 annual premium for individuals not yet registered with a regulatory body
(Regulatory Legal Expense Coverage is not included within this option)
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Members who work in independent practice or own a clinic can also purchase clinic coverage. More information can be found here
Members can purchase coverage online
Professional liability insurance protects members against liability or allegations for injuries or damages to a third party (such as a patient or client) that have resulted from a negligent act, error, omission, or malpractice that has arisen out of your professional capacity as a psychology practitioner.
Commercial general liability insurance (CGL), protects members from financial loss should they be sued due to property damage, injury, or death caused by your services, business operations, or your employees (not specifically related to your delivery of professional services, which is covered by your professional liability coverage). A typical example of commercial general liability insurance claim is slip and fall coverage, which protects you in the event someone falls at your clinic and claims it was a result of your negligence (e.g. water on the floor). Members do not need to purchase this as additional coverage because it is automatically included in the professional liability policy to a limit of $5,000,000.
The regulatory legal expense endorsement provides coverage for legal costs associated with having to respond to a complaint, or appear at a disciplinary hearing with a provincial regulatory organization or agency. In the event of a complaint or investigation, members are provided with superior legal representation and defence protection. Examples include complaints alleging professional misconduct, incompetence, or incapacity.
Coverage will reimburse insured members for defence costs associated with a case filed under the criminal code if the professional service was rendered in Canada and the member is found ‘not guilty’ of the criminal charge.
All PLI options include a maximum funding of $20,000 for the rehabilitation and therapy of a person who, while a patient or client, suffered abuse in the course of an insured member’s practice as a psychology practitioner.
Members are also provided with a separate $1,000,000 limit of liability for defence and damages associated with an abuse-related claim under the policy.
Out-of-country coverage is automatically included for 90 consecutive days at no extra charge for members who travel outside Canada while:
a. accompanying Canadian patients or clients,
b. attending academic courses, or
c. participating in professional exchange programs with other countries.
Coverage can be expanded for an additional duration of time by contacting BMS.
Cyber liability coverage is provided to meet the increased exposures related to potential data security and privacy breaches. Members of the insurance program are covered for lost or compromised electronic data such as patient informationClick here for more information
Coverage is provided for a qualified locum temporarily hired for a maximum of 30 days as a result of a professional liability claim under the policy.
Coverage is provided to replace a third party's loss of physical documents. For example, if a member were to lose patient or client’s files, or if the files were destroyed due to fire.
Insured members are covered if legally obligated for claims in connection with an actual or alleged breach of patent, design, trademark, trade name or copyright.
The Insurer will pay reasonable expenses (including actual loss of earnings not to exceed $1,000 per day) incurred by the Insured at the Insurer’s request associated with taking time away from work to assist the Insurer in the investigation or defense of any claim or suit. For example, if you have to attend court to defend yourself in a civil suit that’s been brought against you, you could potentially claim under the Loss of Earnings section of the policy.
The insurer will indemnify the insured for claims arising from financial, economic loss or expenses sustained to a third party for a claim under the policy.