To fulfil this requirement, students must completion of a Personal Professional Liability Insurance Declaration and submit proof of purchase (e.g. purchase receipt or image of policy document with coverage dates).
All Pharmacy students must purchase personal professional liability insurance and maintain coverage throughout their time in the program (renewed annually) as follows:
- Limit of Liability: The policy of insurance must contain limits of a minimum of $2,000,000 per claim or per occurrence and $4,000,000 in the annual aggregate.
- Definition of Insured Services: The definition of Insured Services under the policy must include all professional services in the practice of pharmacy as regulated by the Ontario College of Pharmacists.
- Retroactive Date: The policy must not contain a retroactive date and must provide for full prior acts protection.
- Extended Reporting Period (ERP): If the policy is a “claims made” policy, it must contain an extended reporting period provision for a minimum of three years.
- Personal Professional Liability Insurance Coverage: The policy must be issued in the name of the individual and provide that individual with mobility and coverage wherever in Ontario they practise.
- Legal Defence Payments: Legal defence payments for regulatory proceedings or other legal proceedings potentially afforded by a personal professional liability policy must not erode the minimum limits of liability under the policy.
- Evidence of Insurance: A student shall, upon the request of the School of Pharmacy, provide proof satisfactory to the School of professional liability insurance in the required amounts and form, and a copy of the professional liability insurance policy.
Students are welcome to purchase insurance from any provider, however, many purchase from professional associations such as Ontario Pharmacists Association or Canadian Society of Hospital Pharmacists.
Last updated November 1, 2024