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Key Points - Policy Cover

We are an Appointed Representative of Balens Ltd, who are an insurance broker/intermediary. We use Balens regarding the sourcing of insurance as they have the knowledge, and experience, please see our Terms of Business for further information.
 

Suitability Statement and Statement of Demands and Needs

As a professional Therpaist, you can be held legally liable for loss or damage to other people’s property, injury or other harm, financial loss alleged to have been caused to your clients or patients, or other parties. This policy will meet that need and provide defence and payment of damages for the above, as well as covering other risks and offering various services as well. There can be four aspects to your insurance policy, Malpractice/Professional Liability/Public/Products Liability, DAS Legal Package, Personal Accident (optional) and Contents insurance (optional) and for each aspect of your policy we only select from one Insurer as we have designed a bespoke wording with the relevant Insurer. For Malpractice/Professional Liability/Public/Products Liability, the insurer is Zurich Insurance Plc., the Legal Package DAS Legal Expenses Insurance Company Ltd, for Personal Accident W.R. Berkley UK Ltd and for the Contents package Covea Insurance plc. All of these insurers have a good claims record, are financially secure and offer competitive premiums. This service is on a non-advised basis and we act as agent for the Insurers involved when sourcing the policy and placing the insurance, in the event of a claim we act as your agent.
 

What does the Professional Liability/ Medical Malpractice/Public/Products Liability policy cover?

Ø The underwriter for this element of the policy is Zurich Insurance plc (Zurich)

Ø The Insurance Cover is £4,000,000 or £6,000,000 (level of liability) per section, any one claim, for an unlimited number of claims in the year, plus unlimited legal defence costs are covered in addition. There is no excess 

Ø Wide definition of insurance cover is clear and is not restricted to treatment only. This cover includes Medical Malpractice, Professional Liability, Public/Products Liability (claims in this section do not reduce the amount covered for other sections of the policy as is normally the case in other policies) and Products Liability (provided for unlimited sales to clients and for up to £30,000 sales to non-clients)

This policy is on a Claims Occurring Basis, but with a unique difference! We include an upgrade of cover feature on the Zurich Policy that protects you against the effects of inflation, and rising court awards - this cover is a pioneering hybrid offering the advantages of a claims occurrence policy with features normally only found on a claims made policy, but with none of the disadvantages, particularly around the issue of discontinuing cover, and possibly being uninsured later on if a claim is discovered. Many wordings give conditional “unlimited” or time restricted run off cover if you cease the policy at any time.  If you do not renew for any reason with Balens, we automatically include Run-off cover for an unlimited period of time, meaning that if a claim was to be made years down the line after stopping your policy, you will always be covered for work you did within the insured periods. Further information about this is available on our website, www.balens.co.uk. This is a major improvement on what is often available through other insurers 

Ø We include an upgrade of cover feature on the Zurich Policy that protects you against the effects of inflation, and rising court awards - this cover is a pioneering hybrid offering the advantages of a claims occurrence policy with features normally only found on a claims made policy, but with none of the disadvantages, particularly around the issue of discontinuing cover, and possibly being uninsured later on if a claim is discovered. Many wordings give conditional “unlimited” or time restricted run off cover if you cease the policy at any time

Ø Teaching and Student Work cover (running a school can be covered separately)

Ø Includes Libel and Slander cover

Ø All premiums include full malpractice retroactive cover for previously insured work performed

Ø Loss of Reputation expenses to help repair damage to your business in the event of a claim against you

Ø Breach of Intellectual Property, Client Confidentiality Protection cover

Ø Temporary Trips abroad are covered without a time limit (ex USA and Canada). Ex-UK Domiciles may be covered upon request

Ø Loss of Documents cover included £50,000/ First Aid cover as well as Good Samaritan Acts

Ø Includes Disciplinary Hearings cover, plus Pre disciplinary hearing legal advice up to £1000

Ø Students can be covered for all work prior to qualification, subject to adequate supervision and safeguards

Ø A wide range of activities can be insured from the non-invasive to the more invasive types, as well as non treatment related work and advice - our definition of a “Health Professional “ or  “Health Business” and the types of situations covered is extremely wide

Ø Flexible underwriting to accommodate changes in your practice, fast turnaround of documents/queries and No additional charges for routine changes to cover or duplicate certificates. There are many more features too numerous to mention here!


Also Included is a separate Legal and Taxation Policy Package underwritten by DAS Legal Expenses Insurance  Company Limited (DAS) and covers Criminal Defence and other costs up to £100,000.

Regretfully, the climate of litigation is still deteriorating, claims incidents criminal allegations including allegations of sexual impropriety or assault are, in our experience, on the increase. The cover includes the following features.

·       Wide range of free 24 hour Advicelines, including Legal/Tax Advice, Counselling, and business support services are included. Corporates with Employees need a different policy

·       Jury or Witness Service Compensation for lost income as a result of having to attend

·       Defence of your legal rights involving Criminal Proceedings as well as Data Protection and other legislation cover, wrongful arrest, actions against you for unlawful discrimination etc

·       Negotiation and Representation (including accountants fees) in event of Inland Revenue partial or full enquiry. Some accountants have been known to charge over £90 for this!

·       Business Assistance Helpline for emergencies involving your premises

·       Disciplinary Hearings Defence and Legal Expenses if you lose your Statutory Licence to practise.