Benefit from comprehensive coverage, highly competitive rates, exceptional service, and ongoing value
Leading Liability Coverage and Services, Exclusively for CSHP Members
As a CSHP member, the Liability Insurance Program provides you with tailored coverage at discounted rates, as well as access to industry-specific risk management resources, experienced insurance and claims service, and specialist legal support, including pro bono services.
CSHP Professional Liability Insurance Includes:
- $200,000 Regulatory Legal Expense Coverage
- 7-year Extended Reporting Period automatically included
- Nil Deductible
- Access to pro bono legal services
Premiums for pharmacists start at $115 for $2M per claim/$4M per year coverage limits.
Upon purchasing or renewing a policy, each member is automatically issued a Certificate of Insurance.
Apply for Coverage
Please contact BMS if you have any questions or to obtain a copy of your Insurance Certificate and/or Policy Wording.
BMS Canada Risk Services Ltd.
825 Exhibition Way, Suite 209
Ottawa, Ontario K1S 5J3
Toll Free: 1 (844) 200-7033
Fax: (613) 701-4234
Individual Professional Liability Insurance (PLI) – Claims Made
Professional Liability insurance (PLI) protects you against liability or allegations of liability for injury or damages that have resulted from a negligent act, error, omission, or malpractice that has arisen out of your professional capacity as a pharmacist, pharmacy technician, pharmacy student, or resident or if a complaint is made against you to your College. PLI protects pharmacists, pharmacy technicians, pharmacy students, and residents by ensuring that your legal defence is coordinated and paid for if a claim is made against you. Your PLI also covers the cost of patient compensation or damages.
Commercial General Liability (CGL) – Occurrence Form
CGL provides coverage to protect against claims arising from injury or property damage that you or your business may cause to another person as a result of your operations and/or premises. This insurance is recommended for pharmacists who contract out their services or bill under their business name and for pharmacists who own or operate a business.
Apply for Coverage
The policy term is July 1 to June 30.
Pro-rating applies to Pharmacist and Pharmacy Technician premiums. Pharmacy Student/Intern premiums are exempt from pro-rating. Applications submitted between December 1 and June 30 each term will be subject to pro-rated savings as follows:
- December 1 – March 31: 25%
- April 1 – June 30: 50%
Webinar: CSHP Liability Insurance Program
Watch this recorded webinar to learn more about the features of the CSHP Liability Insurance Program, including:
• Evolving risks facing pharmacists and pharmacy technicians
• How professional liability responds in different practice situations
• Additional coverages available exclusively to CSHP members, including Commercial General Liability & Cyber Security and Privacy Liability
• About BMS & the additional support services available to members, including pro bono legal services
Webinar Handout - Download
COVID-19: Insurance Resource
BMS is closely monitoring developments as the situation with COVID-19 evolves and is committed to continuing to provide coverage to our members during this difficult time. Please read the COVID-19: Insurance Resource for details.
The information in this document is applicable to all CSHP policy holders (pharmacists, pharmacy technicians, pharmacy students, and residents).