Professional Liability Insurance (PLI)
PLI COVERAGE THROUGH MY EMPLOYER
If you are or will be employed by either Alberta Health Services (AHS) and/or Covenant Health and/or Bethany Group and/or Bayshore Health and/or MacEwan University and/or CASA, please be advised that CRPNA has attained the required proof from these employers that their RPN employees have the required type and amount of Professional Liability Insurance (PLI) required by CRPNA.
If you are employed as a psychiatric nurse by another employer, your employer may and most probably will, have coverage that covers its staff, including psychiatric nurses. It is your responsibility to confirm that these other employer’s coverage meets the requirements of the CRPNA. The CRPNA requires any PLI policy to be a least $2 million in coverage.
If you are concerned that you may not have adequate coverage under your current employer you may choose to purchase additional coverage of your own, this coverage can be through any insurance provider that has policies for Professional Liability Protection. You can also purchase coverage through the Canadian Nurses Protective Society which provides professional liability protection related to nursing practice. Professional liability or “errors and omissions” coverage generally extends to claims for professional negligence, excluding intentional torts, defamation, etc. These additional protections may however be available with extended/supplementary protection insurance.
WHAT IS PROFESSIONAL LIABILITY INSURANCE
Professional Liability Insurance can be acquired under a few different names such as:
- Professional Liability Protection (PLP) or
- Errors and Omissions (E & O) Protection Insurance or
- Professional Liability Insurance (PLI)
There are many nuances when it comes to PLP/PLI/E&O insurance and it would be very wise to seek out an industry specific expert to ask to have all your questions answered about whether or not you need additional insurance, what is included and what is excluded. PLP like in homeowner’s insurance, has things that are covered and there are also things that are excluded. As a professional you may also want to consider if you want to acquire a supplemental policy as a PLP/PLI/E&O policy does not cover disciplinary action through a regulatory body.
All regulated members (excluding non-practicing and retired members) must hold Professional Liability Insurance. This is a requirement under the Health Professions Act (HPA) and the CRPNA Regulations.
Professional liability protection provides financial compensation to members of the public who have been harmed as a result of malpractice or negligence by a professional.
PRIVATE OR SELF-EMPLOYED PRACTICE
If you are a self-employed Registered Psychiatric Nurse (RPN) in independent practice you are required to have additional PLI coverage and submit verification to CRPNA annually as this is a requirement for entering into private or self-employed practice.
For further information, contact CRPNA by email or phone.