Insurance Key Facts
Information for Members residing in Ireland
Insurance for Members Residing in Ireland
Our experience and marketing power has enabled us to partner with a major Insurance Broker (Balens Ltd) and provide you with unrivalled protection for your therapeutic and/or consulting work. This is an exclusively designed insurance policy and is available through membership with Yoga Alliance Professionals.
This is a master insurance policy which is arranged through Balens Ltd and is included within your membership package. Once we have received your membership payment your account is made active, you will be issued with our master policy.
Who are the policy Underwriters?
We have chosen to work with Balens Ltd as their policies are underwritten by Catlin Insurance Company (UK) Ltd for Ireland. They have designed exclusive policy wording which includes greater security in the event of you discontinuing cover, as well as other advantages. For a full copy of the Catlin Policy wording click here for the policy for Ireland.
The policy is on a Claims Occurring Basis, but with a unique difference!
The policy is on a Claims Occurring basis. We have managed to include all the benefits of a Claims Made policy and combined it with a Claims Occurring policy thus removing the disadvantages that both usually have.
Suitability Statement and Statement of Demands and Needs
As a Health Professional you can be held legally liable for loss or damage to other people’s property, injury or other harm, financial loss alleged to have been caused to your clients or patients, or other parties. This policy will meet that need and provide defence and payment of damages for the above, as well as covering other risks and offering various services as well. For each element of your Malpractice policy we only select from one Insurer as we have designed bespoke wording with the relevant Insurer. For Malpractice & Professional Liability the insurer is Catlin Insurance Company (UK) Ltd., the Legal Package DAS and for Personal Accident W.R. Berkley Insurance (Europe) Ltd. All of these insurers have a good claims record, are financially secure and offer competitive premiums. This service is on a non-advised basis and we act as agent for the Insurers involved when sourcing the policy and placing the insurance, in the event of a claim we act as your agent.
What does the Professional, Public and Products Liability policy cover?
The underwriter for this element of the policy is Catlin Insurance Company (UK) Ltd.
The Insurance Cover is €6,000,000 (limit of liability) per section, any one claim, plus unlimited legal defence costs are covered in addition. There is no excess.
Wide definition of insurance cover is clear and is not restricted to treatment only. This cover includes Medical Malpractice, Professional Liability, Public and Products Liability (claims in this section do not reduce the amount covered for other sections of the policy as is normally the case in other policies).
Products Liability is provided for unlimited sales to clients and for up to €35,000 of retail sales (sales to non-clients).
This policy is on a Claims Occurring Basis, but with a unique difference! If you do not renew for any reason with Balens Ltd, we automatically include Run-off cover for an unlimited period of time, meaning that if a claim was to be made years down the line after stopping your policy, you will always be covered for work you did within the insured periods. Further information about this is available on our website: www.balens.co.uk This is a major improvement on what is often available through other insurers.
We include an upgrade of cover feature on this element of the Policy that protects you against the effects of inflation, and rising court awards - this cover is a pioneering hybrid offering the advantages of a claims occurrence policy with features normally only found on a claims made policy, but with none of the disadvantages, particularly around the issue of discontinuing cover, and possibly being uninsured later on if a claim is discovered. Many wordings give conditional “unlimited” or time restricted run off cover if you cease the policy at any time.
Teaching and Student Work cover (running a school can be covered separately) Students can be covered for all work prior to qualification, subject to adequate supervision and safeguards.
Includes Libel and Slander cover
All premiums include full malpractice retroactive cover for previously insured work performed.
Loss of Reputation expenses to help repair damage to your business in the event of a claim against you.
Breach of Intellectual Property, Client Confidentiality Protection cover.
Temporary Trips abroad are covered without a time limit (please refer to the full policy wording for the conditions applicable).
Loss of Documents cover included €70,000.
First Aid cover as well as Good Samaritan Acts.
Includes Disciplinary Hearings cover, plus Pre disciplinary hearing legal advice up to €1,500.
A wide range of activities can be insured from the non-invasive to the more invasive types, as well as non-treatment related work and advice - our definition of a “Health Professional “ or “Health Business” and the various types of situations covered is extremely wide.
Also Included is a separate Legal and Taxation Policy Package underwritten by DAS Legal Expenses Insurance Company Limited (DAS) and covers Criminal Defence and other costs up to €150,000
Regretfully, the climate of litigation is still deteriorating, claims incidents criminal allegations including allegations of sexual impropriety or assault are, in our experience, on the increase. For many years now, we have included our Legal Expenses Policy. The cover is generous, and the exclusions few. Wide range of free 24 hour Advice lines, including Legal/Tax Advice, Counselling, and business support services are included. Corporates with Employees need a different policy:
Jury or Witness Service Compensation for lost income as a result of having to attend;
Defence of your legal rights involving Criminal Proceedings as well as Data Protection and other legislation cover, wrongful arrest, actions against you for unlawful discrimination etc;
Negotiation and representation (including accountant’s fees) in event of Inland Revenue partial or full enquiry. Some accountants have been known to charge over €120 for this;
Business Assistance Helpline for emergencies involving your premises;
Disciplinary Hearings Defence and Legal Expenses if you lose your Statutory Licence to practise.
Click on the link below to access a copy of the full DAS policy.
Please note that the acceptance of your insurance is given on the understanding that:
- You have never been convicted of any criminal offence other than motoring, nor offences that are spent under the Rehabilitation of Offenders Act 1974, nor have any prosecutions pending.
- No insurer providing cover for your business activities has ever cancelled, declined or refused to renew, or accepted the risk at special terms.
- You have read and understood and agreed to accept the Balens’ Terms of Business letter. Please note the Terms of Business can be found for download on our website (see below).
- There have been no claims or incidents which have or could give rise to a claim under a policy involving negligence, error or omission, nor are you aware of any circumstances which may cause such a claim or suit being made against you.
- You or any Principal, Director or Partner have never under a current or any previous trading titles been declared bankrupt or insolvent or been the subject of bankruptcy proceedings or an individual voluntary arrangement or been subject to a County Court Judgment or are there any proceedings pending.
By paying the membership fees, your insurance is provided on the above conditions being satisfied. If you do not meet the above conditions, or if you have further information that you feel may affect the insurance element of your membership you must contact us immediately.
There are two different versions of these documents depending on whether you are a new member or renewing your membership.
Balens Terms of Business Documents
New Business Ireland
For the purpose of insurance only, Yoga Alliance Professionals are an Introducer Appointed Representative of Balens Limited, Bridge House, Portland Road, Malvern, WR14 2TA, who are authorised and regulated by the Financial Conduct Authority.