Ontario Medical Association (OMA)
Protect Your Office/Clinic
Keeping a medical office or clinic running safely, effectively and profitably is challenging. That’s why the OMA and HUB developed a customized insurance solution to help physicians and clinic administrators proactively protect their medical office.
About the Program
As a medical professional, your first concern is for your patients. As a business owner, you need to think about keeping risks and losses to a minimum.
Accidents happen, and loss or theft can occur even in the best-run medical offices/clinics. For instance, what would happen:
- if your patient records were destroyed by a fire
- if your computer equipment was stolen
- if your expensive medical equipment broke down
Are you insulated from the resulting financial repercussions and the cost of the potential interruption to your business? With proper planning and correct coverage you can be.
Our goal is to help you maintain control over your business assets and protect your future. Let us help you identify ways to get better coverage, reduce risks, and manage the total cost of your insurance program.
OMA Auto & Home Insurance Program
OMA Auto & Home Insurance provides preferred group rates and comprehensive coverage to give you peace of mind at home and on the road. OMA members, their employees, retirees, spouses and dependents are eligible for this offer. Learn more
PLUS! Help for your specialized personal insurance needs
Current Coverage with Chubb or Intact Prestige?
HUB’s Private Client Group is standing ready to handle the personal insurance needs of those OMA members currently insured with specialty insurance companies Chubb or The Guarantee.
We can help you evaluate your insurance needs and choose the right coverage for high value homes and unique risks such as vacation homes, U.S. properties, watercraft, domestic staffing, valuable articles and personal excess liability. We also offer actionable advice on critical trends in insurance and risk management. Contact HUB to start the conversation.
In-Home Offices/Clinics
HUB can arrange coverage for physicians who operate a home-based practice.
Unique Requirements
HUB may be able to help if, for unique reasons, you do not qualify for coverage under the OMA Auto & Home Insurance Group Program handled by The Personal.
Clinic Staff Employee Benefits
HUB has also developed a Clinic Staff Employee Benefits program that we offer in partnership with the OMA. This program leverages clinics all across Ontario to achieve a larger buying power for individual clinics, and in some cases even provides clinics with a refund at the end of the year! The program has a number of options available to each individual clinics and has been able to deliver significant value to our clinician’s employees. Please reach out to [email protected] for more information.
The HUB OMA insurance program for medical offices/clinics offers a package of core coverages and a variety of extended coverage options including Privacy Breach(Cyber) coverage. Together, these cover a wide range of risks faced by physicians and medical offices/clinics and offer you the flexibility to determine the types and amount of coverage you need.
Office/Clinic Insurance
- Damage to business property including buildings, contents, medical equipment, and revenue loss due to work interruption arising from an insured loss.
- Damage to computers and electronic media
- Loss or damage to valuable papers and records including accounts receivable records
- Equipment breakdown
- Business interruption and lost income
- Bodily injury and property damage sustained by others at your premises/clinics including the cost of legal services to defend against such liability claims, regardless of who’s at fault
- Employee theft losses, including due to dishonesty, fraud, or theft of money, securities or other property owned by the office/clinic
- Legal expenses
Please note, all policies have a Virus & Bacteria exclusion added to the property section.
Online purchase of OMA Office/Clinic Insurance is available for offices/clinics that meet the following criteria:
-
Are owned/operated by OMA members or are staffed by OMA member physicians. You will be asked to provide your OMA membership number or the OMA membership number of one of your staff physicians to validate the transaction.
-
The Office/Clinic has had zero claims within the last three (3) years.
-
The space in which the Office/Clinic is located is not owned by the OMA member physician(s) that practice(s) there.
If you are not eligible to purchase online or require higher limits of insurance, contact HUB at 1-855-662-0500.
Office/Clinic Coverage Options
| Packages Available Online | Standard Clinic Package* | Liability Buy-Down Clinic Package*† | Locum Package |
|---|---|---|---|
| Annual Premium | $793.00 | $653.00 | $405.00 |
| General Liability Limit | $5,000,000 | $2,000,000 | $5,000,000 |
| Incidental Medical Malpractice Extension (defense costs only) | $100,000 | $100,000 | $100,000 |
| Contents Limit | $100,000 | $75,000 | $25,000 |
| Crime Limit | $50,000 | $50,000 | N/A |
| Social Engineering Limit | $10,000 | $10,000 | N/A |
| Business Interruption (Actual Loss Sustained basis) | Included | Included | N/A |
* For Office/Clinics with multiple medical practitioners, additional premium of $158.00 per additional medical practitioner will be applied.
† Reduced Liability, Contents and Crime coverage limits.
Privacy Breach (Cyber) Extension
Consider adding a Privacy Breach Extension to your office/clinic coverage to protect you if a privacy breach occurs. This endorsement can be added at any time to a new or existing office/clinic policy. No additional application is required.
Expense Reimbursement for Reactive Breach Services:
- Assistance in preparing notification to impacted individuals that complies with regulatory requirements
- Computer forensic services to determine if a privacy breach has occurred and to assess the severity of the breach
- Public relations assistance to help restore your business reputation
- Credit or fraud monitoring for your customers affected by the breach
Coverage Highlights:
- First party privacy breach expense coverage: Limits from $25,000 - $100,000*
- Cyber business interruption loss coverage: Limits from $25,000 - $100,000*
- Cyber legal expense coverage: Limits of $25,000 and $50,000*
- This coverage is written on a reimbursement basis only. Policyholders pay the applicable invoices and if coverage is triggered Novex will reimburse applicable costs.
* Per claim and in the policy term aggregate
Optional Privacy Breach Extension
| Cost | $127.00 | $318.00 | $371.00 | $420.00 |
|---|---|---|---|---|
| Privacy Breach Expense | $25,000 | $50,000 | $75,000 | $100,000 |
| Privacy Breach Business Interruption | $25,000 | $50,000 | $75,000 | $100,000 |
| Privacy Breach Legal Expense | $25,000 | $50,000 | $50,000 | $50,000 |
Standalone Cyber Coverage
For more robust Cyber Coverage, a standalone policy is available. Please find information regarding this option below, and if you would like to inquire further please contact our HUB team at [email protected].
With a standalone Cyber policy and in the event of a cyber claim, policy holders gain access to a breach coach assigned by the insurance company to help navigate the open claim and process.
Cyber Coverage Options
| POLICY FEATURE | Novex OMA Privacy Breach Extension | STANDALONE POLICY |
|---|---|---|
| Premium | $127 - $420 | Starting at $1,500 |
| Response Expenses Limit | $25,000 - $100,000 Aggregate | $500,000 - $5,000,000 Each occurrence |
| Forensic IT Review | Included | Included |
| Legal Review | Included | Included |
| Notification Costs | Included | Included |
| Public Relations Cost | Included | Included |
| Extortion/Ransom | Not Included | Included |
| Business Interruption | $25,000 - $100,000 sublimit | Included |
| Business Interruption - Waiting Period | 48 Hours | 8 Hours |
| Business Interruption – Length | Up to 60 days | 12 Months |
| Reputational Damage | Not Included | Included |
| Third Party Liability | Not Included | Included |
| Limit | Not Included | $500,000 - $5,000,000 |
| Cyber Crime (i.e. social engineering etc.) | Not Included | $250,000 |
| Deductible | $1,000 | $2,500 |
As a medical professional, your first concern is for your patients. As a business owner, you need to think about keeping risks and losses to a minimum.
Accidents happen, and loss or theft can occur even in the best-run medical offices/clinics. For instance, what would happen:
- if your patient records were destroyed by a fire
- if your computer equipment was stolen
- if your expensive medical equipment broke down
Are you insulated from the resulting financial repercussions and the cost of the potential interruption to your business? With proper planning and correct coverage you can be.
Our goal is to help you maintain control over your business assets and protect your future. Let us help you identify ways to get better coverage, reduce risks, and manage the total cost of your insurance program.
OMA Auto & Home Insurance Program
OMA Auto & Home Insurance provides preferred group rates and comprehensive coverage to give you peace of mind at home and on the road. OMA members, their employees, retirees, spouses and dependents are eligible for this offer. Learn more
PLUS! Help for your specialized personal insurance needs
Current Coverage with Chubb or Intact Prestige?
HUB’s Private Client Group is standing ready to handle the personal insurance needs of those OMA members currently insured with specialty insurance companies Chubb or The Guarantee.
We can help you evaluate your insurance needs and choose the right coverage for high value homes and unique risks such as vacation homes, U.S. properties, watercraft, domestic staffing, valuable articles and personal excess liability. We also offer actionable advice on critical trends in insurance and risk management. Contact HUB to start the conversation.
In-Home Offices/Clinics
HUB can arrange coverage for physicians who operate a home-based practice.
Unique Requirements
HUB may be able to help if, for unique reasons, you do not qualify for coverage under the OMA Auto & Home Insurance Group Program handled by The Personal.
Clinic Staff Employee Benefits
HUB has also developed a Clinic Staff Employee Benefits program that we offer in partnership with the OMA. This program leverages clinics all across Ontario to achieve a larger buying power for individual clinics, and in some cases even provides clinics with a refund at the end of the year! The program has a number of options available to each individual clinics and has been able to deliver significant value to our clinician’s employees. Please reach out to [email protected] for more information.
The HUB OMA insurance program for medical offices/clinics offers a package of core coverages and a variety of extended coverage options including Privacy Breach(Cyber) coverage. Together, these cover a wide range of risks faced by physicians and medical offices/clinics and offer you the flexibility to determine the types and amount of coverage you need.
Office/Clinic Insurance
- Damage to business property including buildings, contents, medical equipment, and revenue loss due to work interruption arising from an insured loss.
- Damage to computers and electronic media
- Loss or damage to valuable papers and records including accounts receivable records
- Equipment breakdown
- Business interruption and lost income
- Bodily injury and property damage sustained by others at your premises/clinics including the cost of legal services to defend against such liability claims, regardless of who’s at fault
- Employee theft losses, including due to dishonesty, fraud, or theft of money, securities or other property owned by the office/clinic
- Legal expenses
Please note, all policies have a Virus & Bacteria exclusion added to the property section.
Online purchase of OMA Office/Clinic Insurance is available for offices/clinics that meet the following criteria:
-
Are owned/operated by OMA members or are staffed by OMA member physicians. You will be asked to provide your OMA membership number or the OMA membership number of one of your staff physicians to validate the transaction.
-
The Office/Clinic has had zero claims within the last three (3) years.
-
The space in which the Office/Clinic is located is not owned by the OMA member physician(s) that practice(s) there.
If you are not eligible to purchase online or require higher limits of insurance, contact HUB at 1-855-662-0500.
Office/Clinic Coverage Options
| Packages Available Online | Standard Clinic Package* | Liability Buy-Down Clinic Package*† | Locum Package |
|---|---|---|---|
| Annual Premium | $793.00 | $653.00 | $405.00 |
| General Liability Limit | $5,000,000 | $2,000,000 | $5,000,000 |
| Incidental Medical Malpractice Extension (defense costs only) | $100,000 | $100,000 | $100,000 |
| Contents Limit | $100,000 | $75,000 | $25,000 |
| Crime Limit | $50,000 | $50,000 | N/A |
| Social Engineering Limit | $10,000 | $10,000 | N/A |
| Business Interruption (Actual Loss Sustained basis) | Included | Included | N/A |
* For Office/Clinics with multiple medical practitioners, additional premium of $158.00 per additional medical practitioner will be applied.
† Reduced Liability, Contents and Crime coverage limits.
Privacy Breach (Cyber) Extension
Consider adding a Privacy Breach Extension to your office/clinic coverage to protect you if a privacy breach occurs. This endorsement can be added at any time to a new or existing office/clinic policy. No additional application is required.
Expense Reimbursement for Reactive Breach Services:
- Assistance in preparing notification to impacted individuals that complies with regulatory requirements
- Computer forensic services to determine if a privacy breach has occurred and to assess the severity of the breach
- Public relations assistance to help restore your business reputation
- Credit or fraud monitoring for your customers affected by the breach
Coverage Highlights:
- First party privacy breach expense coverage: Limits from $25,000 - $100,000*
- Cyber business interruption loss coverage: Limits from $25,000 - $100,000*
- Cyber legal expense coverage: Limits of $25,000 and $50,000*
- This coverage is written on a reimbursement basis only. Policyholders pay the applicable invoices and if coverage is triggered Novex will reimburse applicable costs.
* Per claim and in the policy term aggregate
Optional Privacy Breach Extension
| Cost | $127.00 | $318.00 | $371.00 | $420.00 |
|---|---|---|---|---|
| Privacy Breach Expense | $25,000 | $50,000 | $75,000 | $100,000 |
| Privacy Breach Business Interruption | $25,000 | $50,000 | $75,000 | $100,000 |
| Privacy Breach Legal Expense | $25,000 | $50,000 | $50,000 | $50,000 |
Standalone Cyber Coverage
For more robust Cyber Coverage, a standalone policy is available. Please find information regarding this option below, and if you would like to inquire further please contact our HUB team at [email protected].
With a standalone Cyber policy and in the event of a cyber claim, policy holders gain access to a breach coach assigned by the insurance company to help navigate the open claim and process.
Cyber Coverage Options
| POLICY FEATURE | Novex OMA Privacy Breach Extension | STANDALONE POLICY |
|---|---|---|
| Premium | $127 - $420 | Starting at $1,500 |
| Response Expenses Limit | $25,000 - $100,000 Aggregate | $500,000 - $5,000,000 Each occurrence |
| Forensic IT Review | Included | Included |
| Legal Review | Included | Included |
| Notification Costs | Included | Included |
| Public Relations Cost | Included | Included |
| Extortion/Ransom | Not Included | Included |
| Business Interruption | $25,000 - $100,000 sublimit | Included |
| Business Interruption - Waiting Period | 48 Hours | 8 Hours |
| Business Interruption – Length | Up to 60 days | 12 Months |
| Reputational Damage | Not Included | Included |
| Third Party Liability | Not Included | Included |
| Limit | Not Included | $500,000 - $5,000,000 |
| Cyber Crime (i.e. social engineering etc.) | Not Included | $250,000 |
| Deductible | $1,000 | $2,500 |