Professional Liability insurance (PLI) protects you against liability or allegations of liability for injury or damages that have resulted from a negligent act, error, omission, or malpractice that has arisen out of your professional capacity as a physiotherapist or if a complaint is made against you to your College. PLI protects physiotherapists by ensuring that your legal defence is coordinated and paid for if a claim is made against you. Your PLI also covers the cost of patient compensation, or damages. Coverage is written on a claims-made basis.
In the event of a claim, your employer’s policy will respond to defend your employer’s interests first as the named policyholder, and your interest as second priority depending upon sufficient funds.
In addition, most employer’s policies do not provide coverage for the defence costs associated with complaints made against you and filed with your regulatory college. Without Professional Liability coverage, you would be personally responsible for these costly expenses.
And lastly, should you provide advice/or treatment outside the scope of your employment (for instance, volunteer work in the community or work with a secondary employment site), your employer’s policy will not extend to cover you. You need your own Professional Liability insurance to protect yourself and your reputation.
For members discontinuing practice or retiring, the insurance policy automatically provides unlimited extended reporting period coverage for claims that are first discovered and filed after you have retired and no longer practice as long as you have been on the program for more than 2 years. Members who have been on the program for less than 2 years are automatically provided with 10 years of extended reporting period coverage
Claims or complaints can still be filed against you even if you are not residing in Canada. If you want to insure the risk of a claim being filed during your absence, you must keep your insurance current.
Clinic Professional Liability Insurance provides a separate limit of liability to protect your business assets in the event that your business name is included in a statement of claim or lawsuit.
Clinic Business Package Insurance protects your office contents,equipment and improvements and betterments within your space against insured perils, such as fire, theft and vandalism. It also provides crime coverage for incidents of employee dishonesty, theft of money and securities and depositor’s forgery.
The Commercial General Liability portion of this Package is in place to protect you against claims arising from injury or property damage that you (or your business) may cause to another person as a result of your business operations and/or premises – whether you own or lease your premises.
For example, your employee may accidentally cause property damage to a client’s home during a consultation or a patient may slip or fall in your clinic.
Commercial General Liability also covers you for libel and slander, defamation claims and false advertisement.