Practice Risk Solutions

Professional Liability

Professional Liability (Errors & Omissions) Insurance 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 Pharmacist, Pharmacy Technician, Student, or Intern. Your policy also responds if a complaint is made against you to your regulatory body (College). Coverage is written on a claims-made basis.

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  • Disciplinary Defence Cost

    Provides coverage for legal costs associated with having to respond to a complaint, or appear at a disciplinary hearing with your professional organization or agency. In the event of a complaint or investigation, members are provided with superior legal representation and defence protection.

  • Penal Defence Reimbursement / Abuse and Sexual Misconduct Defence Reimbursement

    The policy will reimburse insured members up to $100,000 for defence costs associated with offences under the Criminal Code of Canada related to their insured practice after the withdrawal of charges, an acquittal or the return of a not guilty verdict.

    Insured members also have access to reimbursement of defence costs up to $50,000 per claim for the legal costs associated with the defence of an abuse allegation derived from professional services, following a finding of no liability or dismissal.

  • Loss of Earnings

    The policy will reimburse insured members up to $750 per day for the reasonable expenses incurred to assist in the investigation and defence of an insured claim (such as to attend at discoveries, mediation, trial, coroner’s inquest or human rights tribunal).

  • Therapy and Counselling Fund

    The policy includes a maximum funding of $25,000 per claim for the therapy and counselling of a person who, while a client, suffered sexual abuse in the course of an insured member’s practice.

  • Cyber Security & Privacy Liability

    Covers legal defence and remediation costs up to $10,000 for claims related to actual or alleged security or privacy breach, and personal data injury.

  • Extended Reporting Period

    The policy automatically extends to cover you at no additional cost for up to 36 month while you are on extended leave, maternity / parental leave, have retired or discontinued practice. Please note that you must renew your insurance and have an active policy in place before returning to practice.