The year 2018 is seeing some big changes to the Professional Liability Insurance (PLI) program through CIP. There is a new insurance provider this year which, along with greater coverage, premiums have decreased. There is new coverage in areas such as loss of earnings and reputational protection, and enhancements such as extended worldwide coverage (excepting USA) and a legal help line. Another new feature is a post-retirement coverage. Under the old program, members had to purchase extended coverage post-retirement to be covered. Under the new program, there is an automatic 10-year post-retirement coverage (as long as you were a paid member with insurance for at least two years prior to retirement).
For members in private firms, there is also an optional coverage with reduced rates for Commercial General Liability coverage, with options for additional coverages to meet your specific needs. For more information, you can contact BMS Canada at email@example.com.