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About the Insurance Policy

What does the policy cover?

The policy covers your legal responsibility to pay damages and legal expenses arising from personal injury to a third party, or damage to their property, arising from your business or occupation as listed on your policy. This includes:

    * liability arising from breaches of your professional duties including advice, treatment, diagnosis, prescribing and dispensing;
    * liabilities arising from goods manufactured, sold or supplied;
    * liabilities arising from actions of your employees whilst carrying out their duties;
    * unintentional libel or slander being a breach of professional duties; and
    * your liabilities as a tenant of rented premises.

There are three distinct sections of the combined policy that cover different ‘risks’ associated with your practice:

1. Professional Indemnity covers your legal liability to pay compensation for personal injury to third parties or damage to their property, and financial loss arising out of any act, error or omission:

    * in the provision of professional advice;

    * in the provision of professional treatment; and

    * in the provision of any other professional service which may be rendered in the course of the business and for which you are properly qualified.

This type of cover may also be known as Professional Indemnity, Errors and Omissions, or Malpractice.



2. Products Liability covers your legal liability to pay compensation for personal injury to third parties or damage to their property, and financial loss arising out of any “product” once they have passed out of the control of the practitioner. A very important aspect of this section for practitioners is that it is not restricted to simply covering goods sold or supplied. It also provides coverage for liability arising out of products manufactured, grown, extracted, produced, processed, assembled, constructed, erected, installed, repaired, serviced, treated, sold, supplied, resupplied or distributed.

3. General Public Liability covers your general legal liability attaching as a result of carrying on the business. Examples of the type of liability include matters such as:

    * defective furniture, such as a table or chair collapsing and causing injury;
    * a threadbare carpet causing some-one to slip on the stairs; or
    * fire damage to leased premises for which the Practitioner may be responsible under the Lease or at Common Law.

Who is covered under the policy?

In the policy wording you will see many references to “The Insured”. The definition of “The Insured” includes:

    * you;
    * your employees including administrative staff, practitioners practicing modalities approved under the scheme, students and apprentices;
    * students whilst undertaking practical work as part of their course studies; and
    * up to four business partners, who can be included on your policy for an additional cost.

Contractors (as distinct from employees) are not eligible and need to make their own insurance arrangements.

Are all the legal costs covered?

The combined policy covers additional payments necessary in respect to legal expenses approved by the Insurer and incurred in connection with a claim made. The insurer will also pay legal costs associated with representing the Insured Person(s) at a Coroner’s Inquest or in any court of summary jurisdiction. Further, the Insurer will pay for all charges, expenses and law costs recoverable from the Person Insured by the Claimant. In plain terms, this means all the court costs, lawyers fees and pay-outs (up to the specified limit) are covered by this policy.

What are the “Limits of Liability”?

There are several optional Limits of Liability (i.e. the amount up to which the Insurer will cover the costs) available for you to choose from as detailed in the following table . “Modalities” refers to the different types of alternative medicine employed by the practitioner/s or business. Some carry greater risks and therefore have higher premium costs.



Different Limits apply to the different sections of the policy:

    * The Limit applicable to Public Liability applies in full to each and every claim you may have during the year, irrespective of the number of claims.
    * The Limit applicable to Products Liability including Professional Indemnity also applies to each claim, but is restricted to the Limit of Liability in total for all claims

- during any one policy year. However, Insurers have agreed to provide one Automatic Reinstatement of the Policy Limit during any one year at no additional cost.

Legal expenses, subject to the Insurers approval, incurred in defence of a claim against you are paid in addition to the Limit of Liability.

What alternative medicine methods are covered?

The combined policy caters for over 550 different modalities. For our extensive list click here