Professional Liability Insurance for Holistic Professionals

Exploring The Insurance Options For A Holistic Professional

Any holistic professional in the Ontario area will tell you that coverages provided under a professional liability insurance policy are a necessity. Not only will professional liability holistic insurance ensure that you are protected in most situations, but it will protect your employees as well. However, it is always recommended to bundle this coverage with commercial general liability insurance, as this is another necessity for any holistic professional. Holistic professionals utilize the body’s natural healing abilities to treat a variety of different illnesses and sicknesses in patients. From time to time you might find yourself advising patients.

Giving a patient information or advice that leads them to hurting themselves could result in a major financial lawsuit. However, with the backing for PLI holistic insurance this is something that you will never have to worry about. Commercial general liability insurance on the other hand will provide a different type of coverage. In the event that one of your patients gets hurt on your property or your service hurts the patient, this policy will kick in and protect you. It not only has the ability to cover medical losses, but it could cover any courts costs that you might face as a result of the event.

We recommend having $1,000,000 worth of Professional Liability Insurance coverage along with $1,000,000 CGL coverage. Rates starting from $50/month!


Professional Liability Insurance for Holistic Professionals

Other Policies You Need To Consider

Sure, both commercial general liability insurance and E&O professional insurance sounds great, but they are not enough to cover you from all the risks that you are going to face on a daily basis. This is why it is also important to be prepared for the risk and know what type of coverage you need to combat these risks. Below, you will find some policies that are highly recommended for any holistic professional in the Ontario area.

Property Insurance

Whether you are renting your building or leasing it, you will probably have customers come into your place of business from time to time. Just imagine if a fire or natural disaster took out your building. What would you do for income? Not only would your assets and building be destroyed, but also you wouldn’t have a place to conduct your business. This would be a huge financial burden that would probably result in your closing down your business. However, with the assistance of property insurance, you can avoid these exact situations. In the event of a fire or natural disaster, this type of policy will offer you the coverage that you seek.

Property Insurance Recommended Limits – $500,000 Per Claim / $1,000,000 Aggregate (Depending on where you are located)

Medical Malpractice Insurance

These days most individuals don’t view holistic professional as being a medical advisor. However, that is not completely true. Holistic professionals are pretty much doctors in their own right and this is why it is imperative for them to carry medical malpractice insurance. This coverage will protect you in the event that you are liable for disputed services that result in a patient’s injury or death. This is extremely similar to PLI holistic professional insurance.

Medical Malpractice Insurance Recommended Limits – $1,000,000 Per Claim / $2,000,000 Aggregate

Commercial Vehicle Insurance

Some holistic professional do house calls from time to time. If this is something that you plan on doing, you are going to without a doubt need to acquire commercial vehicle insurance. In the event that you hit another individual or destroy property, this coverage will protect you. It will not only cover the medical expenses of the other driver, but also it will cover any damages that are done to the car. It can also cover court fees in the event that the opposing parties try to sue you.

Commercial Vehicle Insurance Recommended Limits – $100,000 Per Claim / $500,000 Aggregate

Always Know The Costs

Unfortunately, individuals in the medical industry are going to be considered higher risk, which means your costs are going to be more. Of course, there are still a variety of factors that can determine the overall costs, but to give you some basic ideal of what you can expect to pay you will find some estimated prices below.

  • Property Insurance – $500 a year depending on coverage and the value of the property.
  • Medical Malpractice Insurance – $55 a month
  • Commercial Vehicle Insurance – $900 – $1,200 a year depending on the type of coverage and number of drivers.

If you want to get exact quotes, estimate on turn around times, and monthly prices you can call our toll-free number or fill out the form on our website. We have trained agents standing by ready to assist you as we speak.

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FAQ before purchasing holistic professional liability insurance

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Other professions we also provide insurance for:

Academic Testing Centers
Accident Investigation
Accident Prevention Consultants
Adoption Agencies
Advertising Agencies
Advertising Agents & Services
Aerial Mappers
Alarm Monitoring Services
Allied Health Professionals
Alternative Dispute Resolution Firms
Alternative Energy
Answering Services
Arbitrators & Mediators
Arborists / Tree Surgeons
Architects & Engineers
Architectural technicians and technologists
Auctioneers, Auction Houses
Blueprint & Photocopy
Boat Registrars
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
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
Consumer Organisations
Contest Managers
Contractors Accountants
Convention Planners
Counselling & Advice Services
Court Reporters
Credit Reference Services/Bureaus
Custom House Broker
Customs & Forwarding Agents
Data Processing Services
Database Managers
Day Spas
Decorators – Interior
Dental Laboratories
Dietitians (Consulting)
Directors and Officers
Documentary creators
Employment Agencies
Employment Agencies/Recruiters
Employment Placement Agencies
Energy Audits & Assessments
Environmental Engineers
Event Planners
Excess & Umbrella Liability
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
Lawyer’s Excess Professional Liability
Long Term Care
Management Consultants
Medical Clinics
Medical Devices
Medical Professionals (Malpractice Insurance)
Medical Related
Medical Student Malpractice Insurance
Mortgage Brokers
Multimedia designers
New Media
Occupational Health and Safety Consultants
Placement Agencies
Private Investigators
Process Servers
Product Designers
Professional Entertainers
Professional Organizer
Professionals Liability
Project Managers
Property Managers
Publishers and Printers
Quality Control Consultants
Recruitment and Employment Agency
Recruitment Consultants
Research & Development
Roofing Consultants
Safety Engineers
Service Organizations
Solar & Wind Farm Engineers & Consultants
Spa Package
Structural Engineers
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