Society of Alberta Occupational Therapists
The Society of Alberta Occupational Therapists (SAOT) is the provincial professional association representing occupational therapists in Alberta. SAOT seeks to be the leader in enabling occupational therapists in Alberta to achieve excellence in practice and in promoting a healthy and vital profession in the province.
New Prorated Premiums
Prorated premiums will be available effective September 1, 2017 for applications on or after September 1. Coverage will be effective until March 1 the following year. Please contact us directly if you have any questions regarding the upcoming prorated premiums.
Program Highlights Include:
All plans include:
- $5 million in Professional Liability (includes $300,000 in Disciplinary Defense cost all with no deductible) for $75
- Security & Privacy limit of $50,000
- Penal Legal Costs up to $300,000
- “Legal Guard” telephone assistance
Add on either:
- $2 million General Liability (includes Libel and Slander coverage) for additional $140
- $5 million General Liability (includes Libel and Slander coverage) for additional $220
SAOT Coverage Program
SAOT promotes the profession in Alberta, represents members’ interests to governments, educational institutions, other professions, business and the public, and supports the professional needs of occupational therapists in Alberta. Contact SAOT for more information. Ask us about your new discounted Home & Auto rates!
Professional (Malpractice) Liability Insurance
As a member of a regulated profession a complaint may be made about you by a member of the public or another professional to the College of Occupational Therapists of Alberta. You may also be sued in a civil suit as a result of perceived professional error or omission. You may even be charged by police in a criminal matter such as fraud , child or sexual abuse. Regardless of the validity of the complaint,suit,or charge, legal expenses are likely to be incurred related to investigation and defense processes or any disciplinary penalties or damages awarded. Are you protected in the event of such challenges and related costs?
Comprehensive or Commercial General Liability
This form of protection complements your professional liability insurance by insuring claims which are not professional in nature including bodily injury, property damage,libel and slander to a limit of $2 million or $5 million as per your request. If you practice independently and/or are not covered by employer general liability insurance make sure you explore the important protection of this option.
Please note that you must be a member of SAOT in order to apply for this insurance coverage.
Claims Made Policies
As the name indicates, Claims Made Policies provide coverage for claims made in the period the policy is in force. Claims made policies provide coverage only so long as the insured continues to pay premiums for the initial policy and any subsequent renewals.
Once premiums stop the coverage stops for any claims not known or made to the insurance company during the coverage period.
What this means to the policy owner is that there is a risk of an unknown or unreported claim being made long after the policy period and not being covered because the claim was made outside of the coverage period.
To continue coverage after the coverage period, the policy owner must purchase an Extended Reporting Endorsement: this is an endorsement that extends the claims reporting period after the policy is ended. The Extended Reporting Endorsement must be purchased to continue any risk protection afforded under the policy.
If you move from one insurer to the next with claims made coverage you must purchase Extending Reporting Endorsement or your new insurer must include a prior acts endorsement. The new insurer assumes coverage for the prior acts occurring in the other carrier’s coverage period.