Insurance for NZ Members
Aon Risk Solutions New Zealand introduces
a great insurance offering for IICT Members
Working closely with
Professional Indemnity Insurance options of $1,000,000 or $2,000,000 indemnity limit from $230* including General Public Liability
*based on $1,000,000 indemnity and nil animal connected modalities.
** The base insurance offer is for individual health practitioners
No-one understands the risks of the health industry like Aon. They proudly help protect over 9,000 Allied Health Practitioners, and can cover over 1,000 modalities, they negotiate strongly with insurers to offer tailored professional indemnity insurance, at competitive prices. We are proud to partner with Aon.
Contact the Aon Professional Risks Team: +64 4 819 4126 or email: nz.IICT@aon.com
Why has IICT chosen Aon as their members’ insurance provider?
How do I take up the offer?
An application form is required and is available to download Once completed, return to Aon at email@example.com where are representative will respond to confirm acceptance and pricing.
If you need any help just call Aon on +64 4 819 4126 or +64 4 819 4035
Who is the Insurer?
Vero Liability Insurance is a specialist liability Insurer and underwriter of medical malpractice Insurance. In accordance with the Insurance (Prudential Supervision) Act 2010, Insurers receive a financial strength rating issued by Standard & Poors as follows:
A+ (good), issued by Standard & Poor’s.
Where am I covered?
What is included in the policy cover?
This insurance provides cover an individual health practitioner:
Options of $1,000,000 in respect of each and every claim and for all claims in the aggregate (the policy year) or $2,000,000 in respect of each and every claim and for all claims in the aggregate (the policy year)are available
This section of the cover involves a $500 excess, for each & every claim inclusive of cost & expenses.
Cover includes costs awarded against you as well as legal and other defence costs, whether the case against you is successful or not.
LEGAL AND DISCIPLINARY DEFENCE COSTS
This section will cover legal costs and expenses incurred in the defence of any action or enquiry brought against you such as Medical Disciplinary Hearings, Committees of Enquiry, Courts Martial, ACC Enquiries, Privacy Complaints Tribunal, Coroners Courts and the like.
PUBLIC / GENERAL LIABILITY – Claims resulting from products or ownership/occupation of property connected to your business as a health practitioner.
STATUTORY LIABILITY – Fines or Penalties made against you by an authorised body that claims jurisdiction to investigate, sanction or discipline following a complaint or concern over your competency or conduct in connection with your performance as a health practitioner. (exclusion apply for reckless or deliberate conduct)
What happens if I have an insurance policy that renews later in the year?
If I change insurers what happens if an issues arise from the past?
If you are currently insured then your will have a ‘retroactive date’ on your insurance policy. You will keep this date as it will be carried onto your new policy. All you need to do is provide us with evidence of your existing insurance, such as a copy of the policy schedule of insurance certificate (as long as it has the ‘retroactive date’ shown). By maintaining the retroactive date, you continue to be insured under the new policy for your past activities*
*excluding any claims you already know about and have or should have reported them to the previous insurer.
Do I have to pay for each modality?
Is voluntary work covered?
What happens if I cancel my IICT membership?
Can I pay my policy monthly?
When do I receive my Certificate of Currency?
Am I covered to work as a mobile practitioner?
Do you provide short-term policies?
Are my employees covered?
What happens at renewal time?
*The 'Every Therapist Covered' Guarantee is available within 120 days of purchasing a IICT membership for newly approved members with qualifications that meet our minimum training qualification requirements and match our current list of approved modalities with IICT's recommended insurance brokers. * Insurance policies advertised are available through our recommended insurance brokers Aon Risk Australia and is additional to membership fees advertised. Student Membership is $39pa + GST for a total price of $42.90; Full Membership is $179pa + GST for a total price of $196.90; Executive Membership is $199pa + GST for a total price of $218.90. All prices listed on this website are effective from January 1st 2018. Membership plans purchased and set duration prior to this date, are subject to the pricing set at the time of purchase. Membership plans purchased and set duration prior to this date, are subject to the pricing set at the time of purchase. All discount coupons are valid for ‘one time use’ and cannot be redeemed for subsequent membership renewals or when re-joining IICT after a membership plan has expired. Only ATPs are eligible to use logos on training certificates.