Coverage Details and Options

Professional Liability and Commercial General Liability Insurance Coverage Package Options

Option 1

$7,000,000 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 aggregate in any one-year Regulatory Legal Expense Coverage
$300,000 aggregate criminal defence reimbursement

$326 annual premium if a member of CPA or a CPAP provincial/territorial association
$285 annual premium if a member of both CPA and a CPAP provincial/territorial association

The following coverage extensions are automatically included for both Option 1 and 2

  • Unlimited retirement coverage option, death, disability “tail insurance” available on request
  • Maternity / parental leave
  • $7,000,000/$10,000,000 Breach of confidentiality
  • $100,000 Loss of documents
  • $1,000,000 Abuse coverage
  • $20,000 Sexual abuse therapy fund
  • $50,000 Cyber and privacy liability
  • $50,000 Adverse publicity coverage (program aggregate)
  • $1,000 per day Loss of earnings
  • Out of country extension
  • Locums Extension
  • $7,000,000/$10,000,000 Financial loss coverage
  • Defence costs

Option 2

$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 criminal defence reimbursement coverage

$351 annual premium if a member of CPA or a CPAP provincial/territorial association
$295 annual premium if a member of both CPA and a CPAP provincial/territorial association

The following coverage extensions are automatically included for both Option 1 and 2

  • Unlimited retirement coverage option, death, disability “tail insurance” available upon request
  • Maternity / parental leave
  • $7,000,000/$10,000,000 Breach of confidentiality
  • $100,000 Loss of documents
  • $1,000,000 Abuse coverage
  • $20,000 Sexual abuse therapy fund
  • $50,000 Cyber and privacy liability
  • $50,000 Adverse publicity coverage (program aggregate)
  • $1,000 per day Loss of earnings
  • Out of country extension
  • Locums Extension
  • $7,000,000/$10,000,000 Financial loss coverage
  • Defence costs

Option 3

$7,000,000 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 criminal defence reimbursement coverage
NO Regulatory Legal Expense Coverage

$125 annual premium if a member of CPA and / or a CPAP provincial/territorial association.

The following coverage extensions are also automatically included:

  • $7,000,000/$10,000,000 Breach of confidentiality
  • $100,000 Loss of documents
  • $1,000,000 Abuse coverage
  • $20,000 Sexual abuse therapy fund
  • $50,000 Cyber and privacy liability
  • $50,000 Adverse publicity coverage (program aggregate)
  • $1,000 per day Loss of earnings
  • Out of country extension
  • $7,000,000/$10,000,000 Financial loss coverage

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

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Coverage Definitions

Professional Liability

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

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.

Regulatory Legal Expense Coverage

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.

Criminal Defence Coverage

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.

Abuse Coverage/Sexual Abuse and Counselling Fund

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 Extension

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 and Privacy Coverage

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 information

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Locums Extension

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.

Loss of Documents

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.

Breach of Copyright

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.

Loss of Earnings Coverage

The insurer will pay up to a maximum of $1,000 per day for lost wages (including other expenses) incurred by the insured while assisting or defending a claim under the policy.

Financial Loss Coverage

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.