Looking for Ontario healthcare professional insurance? We’ve got you covered.
As a healthcare provider, you’re exposed to an increasing level of daily risk and accountability. The technology and procedures used for patient care have evolved, and so should your insurance.
We’ve got coverage options to meet the unique needs of:
- Healthcare Clinics
- Healthcare Professionals
- Alternative Therapists
- Assisted Care Facilities
- Dietitians
- Physiotherapists
- Speech Therapists
- Ultrasound Technicians
- Hygienists
- Occupational Therapists
Our commercial insurance brokers will assess your risks and make sure you have the coverage your healthcare business needs.
More choices means better coverage!
As a trusted brokerage for over 70 of Canada’s top insurance companies, we have access to a wide variety of insurance coverages to fit the specific needs of your healthcare practice or service. We also have access to some of the best rates in Ontario. Call one of our commercial insurance brokers today for a free quote.
Protect your most valuable technological assets
Medical clinics and laboratories invest heavily in technology to better serve their patients. When shopping for insurance for your healthcare facility, it’s important that medical devices valued over $2,500 be listed individually on the policy. Some coverage is available as part of a business contents policy, but the best way to ensure you’re covered for these valuable assets is to list them separately. One of our commercial insurance brokers would be happy to advise you.
What does healthcare professional coverage include?
Our insurance packages for healthcare professionals in Ontario can be built to meet your unique needs. Here are the basics.
Commercial general liability
Coverage if you’re sued for causing property damage, or if someone is injured during a visit to your clinic – like a slip-and-fall. This coverage also includes things like legal fees, court-awarded damages and more.
More about Commercial general liability
Equipment breakdown
Covers sudden and unexpected mechanical failures to items like computer systems, ventilation and heating systems and the other mechanical or medical equipment that enables your clinic to maintain operations and help patients.
More about equipment breakdown insurance
Malpractice insurance
Sometimes called professional liability or errors and omissions, this covers any mistakes or oversights in your medical treatments or services to a client.
More about professional liability insurance
Commercial property
Coverage for your building and premises, inventory, medical equipment, paper patient records and more from fire, flood, burst pipes, vandalism, and theft. No matter what happens, we’ll be there to help through a claim.
More about commercial property insurance
Cyber insurance
Covers lost sales and revenues due to cybercrime and includes technical recovery support, legal and PR help. PR support is especially important if sensitive personal or client data has been stolen or leaked publicly.
More about cyber insurance
Frequently asked questions about health professional insurance:
How much is insurance for health professionals in Ontario?
It is very difficult to quote prices for health professional insurance as there are so many different healthcare-related businesses in the province, ranging from youth counselors to psychotherapists to chiropractic clinics to medical laboratories. Each practice has its unique risks and premiums would depend on factors such as:
- The exact nature of your practice (for example a surgeon will pay more than a physiotherapist)
- Your experience in the field
- Whether you are insuring a physical clinic and where it is located
- Your practice’s annual revenues
- How many employees you have
- The value of your technological assets
- Your past claims history
What coverages are recommended for health professionals?
- Healthcare businesses, like every other business, require commercial general liability (CGL) insurance to protect against potential legal action arising from injuries to third parties or damage to their property that occur at your clinic or as a result of your business operations.
- Unlike many other businesses, healthcare businesses require malpractice insurance, which is also known as professional liability or errors and omissions. This covers legal action arising from bad advice or poor professional judgment.
- Any clinic also needs commercial property insurance to protect the building, if owned, any improvements made to a rented space, and the contents of clinic. Desks, chairs, computers, examination tables, massage tables, lab equipment, tongue depressors and filing cabinets.
- Business interruption coverage is typically part of a commercial property policy and pays for lost income if the clinic needs to close due to an insured loss like a fire, burglary or vandalism.
- If you rent space for your clinic, your CGL insurance should include coverage for tenants legal liability, which pays if you as a tenant are responsible for damage to the rented property. Ask your broker to be sure this coverage is part of your insurance package.
- If you keep client data including credit card information on a laptop or in the cloud, you could benefit from cyber insurance.
Does my practice need malpractice insurance if we already have commercial general liability?
Yes. 100%. You need both CGL and malpractice coverage. Commercial general liability coverage specifically excludes claims arising from bad advice or poor professional judgment. And even if you don’t make this kind of mistake, if your patient or client files a claim, you could face tens of thousands of dollars in legal fees even if you are not found liable in the end.
To clarify the difference between CGL and malpractice insurance, a CGL claim might arise from a patient slipping on a wet floor in your waiting room or tripping over a carpet while walking to an exam room. A malpractice claim, on the other hand, could be the result of a naturopath recommending a supplement that leads to an allergic reaction, or a surgeon accidentally causing nerve damage during an operation.
