OSPE is pleased to announce that Secondary Professional Liability insurance for OSPE members is offered through our insurance broker, BMS Canada Risk Services Ltd. (BMS Group), and is underwritten by Lloyd's of London. OSPE members in good standing continue to be automatically covered – simply for being a member.

BMS Group is a Lloyd's of London Broker with a Canadian operation focused on delivering exceptional insurance solutions customized to the needs of professionals across Canada. With a team of experts, BMS Group designs and manages specialty insurance programs, providing professionals with the tools required to identify and mitigate professional service risk.

Take advantage of this coverage at no additional cost to members

Per claim limit $125,000
Aggregate per member $125,000
Policy aggregate $1,000,000
Deductible Nil
Territorial limit Claims made and first brought forward in Canada

What is Secondary Professional Liability insurance?

Secondary Professional Liability insurance protects individuals against liability or allegations of liability for injury or damages that have resulted from a negligent act, error, or omission that has arisen from your activities as a professional engineer. This coverage is intended to supplement existing professional liability insurance, which members may hold through their employers or their own policies.

It is important to note that coverage is afforded on a "claims-made and reported" basis and will respond to claims made during the policy period. This means that the policy which is in place when a claim is made will be the policy to respond – regardless of when the incident occurred. Therefore, it is extremely important there is no lag or gap in coverage between policy periods. Coverage needs to be continuously in place to ensure you are continuously protected.

The OSPE program is intended to provide a secondary program to protect individual engineers. This coverage is not for firms, corporations, public entities or employers as these groups may be expected to carry specific professional liability coverage as part of their business. If your business provides professional engineering services to the public, you must hold a Certificate of Authorization (C of A). C of A holders assume professional responsibility for the services provided and are generally required by the Professional Engineers Ontario (PEO) to carry Primary Professional Liability insurance.

Who is afforded this coverage?

Individual OSPE members in good standing, excluding student members.

Reporting a claim

Prompt claim notification is very important and should be made within 30 days of receiving a formal notice or statement of claim. Failing to report a claim may result in denial of coverage. Please refrain from making any written or oral statement to the claimant, unless the insurer or adjuster advises to do so. Members receiving notice of a claim or who are aware of a potential claim should contact BMS Group directly at 1-844-294-2717 or ospe.insurance@bmsgroup.com.

Contact

For enquiries, please contact BMS Group at 1-844-294-2717 or ospe.insurance@bmsgroup.com.

If you have feedback or questions regarding the insurance made available to members please get in touch with Baijul Shukla, Director, Member Services and Strategic Partners at bshukla@ospe.on.ca or 1-866-763-1654, ext. 222.