Professional Liability Insurance for Chiropodists

Chiropodist professional liability insurance (Liability Insurance for Chiropodist) also as Chiropodist Insurance, Errors and Omissions Insurance for Podiatry (E&O), and professional indemnity insurance is an insurance policy that protects foot doctors in the event they get sued as a result of their professional services, negligence, errors, mistakes, and or losses they may cause clients and third parties.

 

Our Rates start at $500/Year for $1,000,000 Liability Coverage. It is always advised to talk to either a broker or an insurance company representative to determine the amount of insurance your business will need before settling on a set of coverages & price.

 

chiropodist professional liability insurance

 

Understanding Liability Insurance for Chiropodists

Chiropodists are responsible for taking care of professionals throughout Canada. Ontario residents often experience problems with their feet. When they do, they’re going to come looking for a chiropodists. If you happen to be one of these professionals, you’ll be happy to know that there is a high demand for your services. The truth of the matter is that pretty much everyone can make mistakes from time to time. There is a good chance that you are no different. Your simple mistake could create a wealth of problems for you.

This is where having a professional liability insurance policy can help. This type of podiatry insurance can protect you in the event that you make a mistake. Below, you will learn about some of the other coverage options that you may want to add to the equation.

 

Other Coverage Options

There are plenty of other coverage options that you will want to consider adding to the equation. E&O insurance for chiropodist will be great, but this isn’t the only type of coverage that you need. You’ll also want to think about getting additional coverage to ensure that your company is protected to the fullest. Below, you’ll learn more about other coverage options that might be good for you.

General Liability

General liability insurance and errors and omissions insurance for chiropodists should always be combined under one policy. This is a great way to ensure that you have all of the coverage needed to protect yourself and your employees. It might not cover everything, but it will come pretty dang close! To protect yourself to the fullest, you should obtain at least $500,000 of coverage per claim and $2,000,000 per year.

Fraud Insurance

Every medical professional and business owner is at risk of becoming a victim of fraud. While you would love to put trust in your employees and business partners, it is best to remember that you should not trust anyone 100 percent. It is recommended to obtain a policy with a coverage limit of $500,000. However, if you believe your risks are extremely high, extend the coverage to $1 million.

Malpractice Insurance

All chiropodists and other medical professionals practicing in Ontario is required to carry malpractice insurance. Depending on your medical field, you may be required to carry a $1 million policy. However, if you believe your exposures and risks are extremely high, you may want to increase your coverage to $1.5 or $2 million.

Cyber Insurance

All medical professionals are at risk of cyber crime. This type of crime has the potential to ruin careers and businesses. If your identity is stolen, you could end up facing a major financial loss, just because someone utilized your identifying information to get a loan and credit card. It is recommended to obtain at least $100,000 in coverage.

 

podiatry errors and omissions insurance coverage

 

Chiropodist Insurance Cost

  • Professional Liability Insurance – For a $1 million dollar policy, chiropodists are looking at paying between $500 and $900 per year.
  • Fraud Insurance – A $100,000 policy will cost between $30 and $50 per year.
  • Malpractice Insurance – A $1 million policy will cost between $1,000 and $3,000, depending on your level of exposures and size of your practice.
  • Cyber Insurance – A $100,000 policy will cost between $30 and $100 per year.

 

Apply for PLI Quote

Get in touch with us to get a free podiatry E & O quote today! You will be connected to a licensed Chiropodist Professional Errors Liability Insurance Broker that can break down the process of getting an insurance policy for your business from a Canadian Insurance Company. You can use our form by clicking below to begin this process right away.

 

get a quote now

 

Chiropodist Disability Insurance

You biggest asset in life is your earning ability. If you are unable to work, you will need to rely on either your savings or borrow money to sustain your lifestyle. When these unfortunate circumstances occur, dependents and spouses are also impacted financially and emotionally.

Disability insurance coverage will provide you a monthly income benefit, usually totaling 70% to 80% of your income, when you are unable to work for a period of time due to injury or illness.

Types of disability insurance

 

FAQ before purchasing chiropodist professional liability insurance

Other useful posts you should also read

 

Other professions we also provide insurance for:

Academic Testing Centers
Accident Investigation
Accident Prevention Consultants
Accountants
Actuaries
Adjusters
Adoption Agencies
Advertising
Advertising Agencies
Advertising Agents & Services
Aerial Mappers
Agents
Agrologists
Agronomists
Alarm Monitoring Services
Allied Health Professionals
Alternative Dispute Resolution Firms
Alternative Energy
Answering Services
Anthologist
Anthropologist
Appraisers
Arbitrators & Mediators
Arborists / Tree Surgeons
Archaeologists
Architects
Architects & Engineers
Architectural technicians and technologists
Associations
Attorneys
Auctioneers, Auction Houses
Authors
Bailiffs
Blueprint & Photocopy
Boat Registrars
Bookkeepers
Broadcasters
Building Designers(Bill 124)
Business Brokers/Managers
Business Consultant
Business Enterprise Agencies
Business Training Courses
Cabling Designers
Camera & Photo Supply Stores
Careers Advisory Service
Catering Consultancy
Cereal Growing Advisors
Chambers of Commerce & Trade
Charities
Chiropodists
Chiropractors
Civil engineers
Claims Adjusters & Administrators
Collection Agencies
Commercial Printer
Communication Consultants
Company Formation
Company Search Agency
Conference & Event Management
Conference Facilities & Services
Conservation Consultants
Conservation Organizations
Consultants
Consumer Organisations
Contest Managers
Contractors Accountants
Convention Planners
Copywriters
Counselling & Advice Services
Court Reporters
CPA/CMA
Credit Reference Services/Bureaus
Custom House Broker
Customs & Forwarding Agents
Data Processing Services
Database Managers
Day Spas
Decorators – Interior
Dental Laboratories
Designers
Dietitians (Consulting)
Directors
Directors and Officers
Documentary creators
Employment Agencies
Employment Agencies/Recruiters
Employment Placement Agencies
Energy Audits & Assessments
Engineers
Environmental Engineers
Event Planners
Excess & Umbrella Liability
Filmmakers
Fitness Clubs
Foreign Legal Consultants
Holistic Professional
Home inspectors insurance
Immigration Consultants
Independent Contractor
Industrial Designers
Information Technology
Interior Designers
IT Contractor
IT Specialist/Technician/Programmer
Journalists
Lawyers
Lawyer’s Excess Professional Liability
Long Term Care
Management Consultants
Mediators
Medical Clinics
Medical Devices
Medical Professionals (Malpractice Insurance)
Medical Related
Medical Student Malpractice Insurance
Mortgage Brokers
Multimedia designers
Naturopaths
New Media
Occupational Health and Safety Consultants
Paralegals
Photographers
Placement Agencies
Podiatrists
Private Investigators
Process Servers
Product Designers
Professional Entertainers
Professional Organizer
Professionals Liability
Project Managers
Property Managers
Publishers
Publishers and Printers
Quality Control Consultants
Recruiters
Recruitment and Employment Agency
Recruitment Consultants
Research & Development
Roofing Consultants
Safety Engineers
Service Organizations
Solar & Wind Farm Engineers & Consultants
Spa Package
Structural Engineers
Sub-Contractor
Surveyors
Tax Prepares
Technology Companies
Therapist Professionals
Town / Urban Planners
Training Providers/Trainers
Translators etc.
Travel Agencies
Travel Agents
Travel Agents, Tour operators
Web Designers
Web-Site Designers
Workplace Engineers & Consultants