Entity Cover
It’s possible for your business to be named in a complaint involving your business or an employee at any point in time. For example, if a claim is made against your employee and your business name is included in the claim, entity insurance can step in for your business name. Entity Insurance does not extend to cover employees for their actions while working within the business.
What is Entity Insurance?
Entity Insurance is professional indemnity and public liability insurance for your practice. This is different to your individual APodA Member Insurance (PI&PPL) policy, or the individual professional indemnity cover held by consultants or contractors engaged by your practice. If you have staff and/or contractors and your practice is named in a legal action, these costs are not covered by your individual APodA Member Insurance (PI & PPL).
Entity insurance responds to claims relating to:
- negligent care
- making a mistake
- excluding something that shouldn’t have been excluded
- causing injury or accidents
- causing property damage.
Is Entity Insurance covered under my APodA Professional Indemnity and Public & Products Liability Insurance policy?
|
I DO NOT have staff and/or contractors |
I HAVE staff and/or contractors |
|---|---|---|
Entity Coverage |
Cover is provided for your business name under the APodA Professional Indemnity and Public & Products Liability Insurance policy. |
Cover is not provided under the APodA Professional Indemnity and Public & Products Liability Insurance policy. |
Cost for Entity Cover |
There is no additional cost associated with entity cover under the policy. |
You will need to purchase a separate Entity Insurance policy and your premium will be calculated on a per head basis. |
How do I get cover? |
Add your business name to your APodA Professional Indemnity and Public & Products Liability Insurance policy for coverage. Log in to the BMS Portal or email BMS to add cover, podiatry@bmsgroup.com |
Log in to the BMS Portal and get a quote for cover. |
Please note, staff or contractors does not refer to admin staff such as receptionists. If you have admin staff, you can still add your business name to your APodA Professional Indemnity and Public & Products Liability Insurance.
Please reach out to BMS directly for assistance regarding your renewal or information about Entity Insurance on 1800 514 933 or email podiatry@bmsgroup.com
The above information is applicable to Entity Insurance and the APodA Professional Indemnity and Public & Products Liability insurance policy with BMS only.
You must be a current Australian Podiatry Association (APodA) member to be eligible to register for the APodA Member Insurance program. If your membership ceases you will not be offered renewal when your policy expires. In offering this insurance to our members APodA is a distributor of BMS Risk Solutions Pty Ltd (BMS) AFSL 461594, ABN 45161187980. The insurance is arranged by BMS under binder with Certain Underwriters at Lloyds (the insurer). When acting under a binder BMS acts as agent for the insurer and not as your agent. This is general advice only and BMS has not considered whether it was suitable for your personal circumstances, current objectives, needs or financial situation. Please read the Policy Wording and the BMS Terms of Engagement which contains the Financial Services Guide before making a decision about purchasing this policy. APodA receives an annual payment from BMS which is used for professional development activities to support our members.