BALENS INSURANCE

ICBTI BLOCK INSURANCE SCHEME 

APPLICANTS MUST BE A FULL OR ASSOCIATE MEMBER OF ICBTI 

Liability Insurance Cover

Therapist Insurance is available to current or new members of ICBTI from Balens Insurance Brokers. 

£1,000,000 Cover plus costs.

What does the policy cover?

  • Unlimited Retroactive Cover for previous work performed – no charge if joining from other schemes.

  • Wide definition of cover is clear and is not restricted to treatment only.

  • Covers full Professional Indemnity (financial loss cover, where no injury has occurred), Medical Malpractice, Public Liability and a legal expenses package.

  • This policy is multi-therapy. This means that the policy will cover most therapies subject to suitable qualifications. We may need some information on a therapy if we have not heard of it before and some higher risk therapies may incur a premium loading. Please see the attached therapy sheet for details. If your therapy is not on the list, please put it on and we will contact you if we need further information or if an additional premium is required on receipt of your proposal.

  • Unlimited run-off for members in event of Death, Permanent Disability or Permanent Retirement provided that the scheme remains with SVB Syndicate. We will need to be informed prior to any Run Off cover being granted.

  • 1 year free run – off for temporary cessation of work.

  • Covers Breach of Confidentiality & Libel/Slander, Voluntary Work & Good Samaritan Acts.

  • Products Liability (defective products innocently supplied to patients or non-patients up to an annual turnover of £5,000) included at no additional cost.

  • Temporary work abroad is covered at no additional charge, provided you live in the UK and underwriters approve

( maximum of 30 days within each insurance year excluding USA and Canada).

  • We include a legal expenses and helplines package (Claims Occurring policy). The cover is generous and the exclusions few. There follows next some of the salient features of this….

  • Wide range of free 24 hour Advicelines, including Legal Advice on any matter and UK Law Tax advice.

  • Counselling Helpline.

  • Jury or Witness Service Compensation up to £100,000 per claim.

  • Defence of your legal rights following Criminal Proceedings £100,000. This will include legal costs to defend any allegations of sexual impropriety / assault arising from your therapy practice immediately (not only after acquittal), as well as Data Protection and other legislation cover, wrongful arrest, actions against you for unlawful discrimination etc.

Negotiation and representation (even including accountants fees) up to £100,000 in event of Inland Revenue full enquiry. PAYE and Social Security Regulations Cover is also included. (Insurers find that their average small claim for a tax investigation is £7,000). Business Assistance Helpline for emergencies involving your premises.

Annual Cost £60.00 (Inc IPT)

ICBTI is an Introducer Appointed Representative of Balens Limited, 2 Nimrod House, Sandy’s Road, Malvern, Worcestershire, WR14 1JJ, which is authorised and regulated by the Financial Services Authority

info@icbti.com