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IEEE Member Professional Liability Insurance Plan

As a technology professional, your biggest challenge today is finding liability insurance you can qualify for. The Professional Liability Insurance Plan for IEEE members, available in Canada (except Quebec), counters risks you face and protects you from negligent acts, errors and omissions.

  • Nearly all policies are free of deductible or retention
  • Ideal protection for firms or self–employed individuals
  • Licensing board defence coverage
  • Expert legal counsel to represent you
  • Members–only rates
  • Technology related professional services endorsements
  • Pay premium with check or credit card

Exclusive Offer — You can earn a premium credit when you complete either the IEEE Risk Management Course or an IEEE Computer Society Certification and Credential Program offered through IEEE and purchase your coverage through the IEEE-Sponsored Professional Liability Insurance Plan. To qualify for this IEEE member-exclusive offer, the IEEE Risk Management Course must have been completed within the past 15 months and you must submit the course Certificate of Achievement at the time of your application for coverage. For the IEEE Computer Society Certification and Credential Program, please submit a copy of your certification. At least one principal of the firm must meet these requirements for the firm to receive a credit.

In this course you will learn how to apply the concept of Risk Management to your business or your organization in order to prevent your exposure to the risks of loss due to the various risk factors that are involved in any engineering disciplines: Electrical, Software, Computer, Environmental, Mechanical, Biotech, and even Packaging. For more information and how to access the class, please go to http://www.ieee.org/riskmanagement.

In 2002, the IEEE Computer Society introduced the Certified Software Development Professional (CSDP) certification, which was later followed by the Certified Software Development Associate (CSDA). These certifications were designed to assess and confirm proficiency in established software development practices and to distinguish professionals that have demonstrated a commitment to lifelong learning. The CSDA and CSDP certifications continue to be recognized and honored. The new certification program has expanded to address growing challenges, specific knowledge competencies, and special skill sets that are now required in the practice of Software Engineering.

The program includes certifications of proficiency in 12 different specific software engineering knowledge areas, a Professional Software Developer Certification, a Software Engineering Master Certification and a number of topic specific certificates of achievement. For more information, please visit www.computer.org/web/education/certifications.

This coverage is available to residents of Canada (except Quebec) through Marsh Canada Limited.
Marsh Canada Limited, acts as the insurance broker with respect to residents of Canada.

Build a plan that meets your needs

You can count on this IEEE-sponsored Plan for professional liability protection at an affordable cost — and the benefit features that can help protect your career:

  • Helping You Safeguard Your Future: No matter how well you design it, you can still be sued. As a technology professional in electrical, electronics or computer fields, you risk being sued every time you work on a project. And regardless of how well you've done your job, you'll spend valuable time and hard-earned money to defend yourself in a lawsuit.

  • Deductible Free Coverage: In the engineers' professional liability insurance market, insurers are reducing deductibles for those firms with very good loss experience. We were able to improve on the market trend by eliminating the deductible for insureds in the Professional Liability Insurance Plan for IEEE members. Underwriters reserve the right to impose a deductible where claim frequency or severity issues have arisen.

  • Where Can You Find Liability Insurance For Technology Professionals? As a technology professional, your biggest challenge today is finding liability insurance you can qualify for. In fact, many insurance companies will practically run from you simply because of your profession. There is help. The Professional Liability Insurance Plan for IEEE members counters risks you face and protects you for negligent acts, errors and omissions. (This plan is not available in Quebec.)

  • Ideal Protection For Firms Or Self-Employed Individuals: The Professional Liability Insurance Plan for IEEE members is designed for firms with annual billings up to $3,000,000. In addition, the plan offers coverage to employed technology professionals who provide engineering services (with annual billings up to $100,000) outside their employment arrangement.

  • Includes Computer Exposures: If you've had trouble getting professional liability coverage in the past because of a computer-related exposure, try the IEEE-sponsored plan. Our underwriting is flexible. And we'll work with you, making every effort to ensure you get the level of comprehensive professional liability protection you need.

  • Expert Legal Counsel To Represent You: You're never alone if you're summoned to court. The IEEE-sponsored Professional Liability Plan pays the cost of experienced counsel and other claim expenses, up to your chosen liability limit. In fact, you don't even need to shop for a lawyer; expert defense counsel will be retained for you.

  • Members-Only Rates: IEEE arranges for competitive rates for its members. Then it goes on to save you money in two important ways. First, your premium is based on YOUR annual gross billings and more fairly reflects your risk. Second, it's step-rated to start out low, then gradually increases each year until the 5th year, where it levels off.

  • A Technology Endorsement Is Included At No Additional Premium: This endorsement provides a broad definition of computer systems and information technology-related professional services to be covered under the policy. In addition, coverage for intellectual property risk, internet content liability and breach of security in relation to denial of service, unauthorized access and theft of data is also included.

Whether you're self-employed, part of a firm or moonlighting while employed, we have the plan to meet your needs. Choose from the levels of liability protection described below:

Firms: For firms and self-employed members, available limits of liability are $1 million/$1 million (per claim/annual aggregate) or $2 million/$2 million (per claim/annual aggregate).

Outside Contracting or Consulting Services: If you are employed but also have your own business, you can get coverage for your outside services with limits of liability of $1 million/$1 million (per claim/annual aggregate) or $2 million/$2 million (per claim/annual aggregate).

Licensing Board Defense Coverage reimburses $10,000 to the insured for defence costs in the event the insured technology professional is brought before the province or territory licensing board. This coverage is added at no additional premium.

In addition to the per claim limit of liability, Optional Defence Coverage is available. This feature allows you to purchase an additional limit of coverage for defence expenses above the per claim limit of liability, not to exceed $1,000,000.

Claims-Made Coverage

The Professional Liability Insurance Plan for IEEE members offers claims-made coverage. Claims-made coverage is the most widely available (if not the only available) form of Professional Liability Insurance for engineers. It covers claims made during the policy period resulting from acts committed during the life of the policy.

"Prior Acts" coverage is also available for qualifying applicants. This extends coverage for claims made during the policy period resulting from acts that occurred prior to the inception of the policy. If you currently have Professional Liability Insurance, this may be made available. A retroactive date will be placed on your policy, and acts that occurred after that date are considered for coverage. Of course, for coverage to apply, you must not know of a claim filed against you or any incident which could reasonably be foreseen to result in a claim prior to the inception date of the policy. We recommend reporting any such incidents to your current insurer.

This is merely a brief summary of how claims-made coverage works. Since the actual policy itself, not brief summaries like this, determines coverage, we advise you to read and understand the policy language. Please note the Professional Liability Insurance Plan for IEEE members is not designed to insure high exposure practice areas that involve pollution, asbestos, nuclear exposure, or products with multiple end users. The policy terms and conditions will govern coverage at the time a claim is made. Please read the policy carefully. All terms are subject to underwriting.

This coverage is available to residents of Canada (except Quebec) through Marsh Canada Limited.
Marsh Canada Limited, acts as the broker with respect to residents of Canada.

IEEE has selected Certain Underwriters at Lloyds of London for this insurance plan. Alternative insurance products may be available in the insurance marketplace. Marsh Canada Limited is providing this single insurer option on behalf of IEEE.

Professional Liability Insurance
ProLiabilitySmart
ProLiabilitySmart is a new interactive tool that can demonstrate how professional liability insurance can help safeguard your financial well-being and reputation.

The Professional Liability Insurance Plan for IEEE members offers two choices of limits: $1,000,000 or $2,000,000 per claim. Various deductible levels are available. Higher coverage limits may be available by special request.

This plan is not available in Quebec.

Yes. However, proof of license would be needed if your province requires that you have a professional engineer license for the work you perform.
Professional liability insurance is recommended for technology professionals who are engaged in independent consulting (moonlighting), or self employed, even if only temporarily. A lawsuit brings with it significant losses, not only in time and money, but also in one of the most valuable commodities a professional possess—self-confidence. Fortunately, when you are insured through the Professional Liability Insurance Plan for IEEE members, you can count on the vast experience that stands behind it.
Yes, the policy provides a broad definition of computer systems and information technology-related professional services to be covered under the policy.
Defence costs amount to 60 percent of the total dollars paid. The Professional Liability Insurance Plan for IEEE Members does offer defence costs in addition to the policy limits. *This is subject to underwriting review.*
Yes, subject to underwriting review. Most, if not all, professional liability policies for technology professionals today are written on a claims-made policy form either on a “full prior acts basis” or with a prior acts exclusion or retroactive “retro” date. If you have been continuously insured with no gaps in that coverage, then prior acts would be provided in your quotation.

We're here to help! Please contact us in whatever manner is most convenient for you.

Please mail applications to the address below:

Marsh Canada Limited
120 Bremner Boulevard, Suite 800
Toronto, ON M5J 0A8
Phone: 1-866-236-6129

Underwritten By:

Certain Underwriters at Lloyd's of London
Website: http://www.personal-plans.com/product/lloyds/

Insurance Application Download

Risk Assessment

Content contained on this page pertains only to IEEE members in Canada (excluding Quebec). The life and health plans are available through Mercer (Canada) Limited. Mercer (Canada) Limited is represented by its employees Nicole Swift and Suzanne Dominico, acts as broker with respect to residents of Canada. The Professional Liability Insurance Plan is available through Marsh Canada Limited. Marsh Canada Limited, acts as the insurance broker with respect to residents of Canada.

Note: Some of the links contained on this site will take you to non-Mercer/non-Marsh Canada Limited/third-party site and Mercer and Marsh Canada Limited are not responsible for the content of these web pages. All dollar figures referenced on this site are in U.S. dollars unless otherwise stated.

This document is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Marsh shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. Marsh makes no representation or warranty concerning the application of policy wordings or the financial condition or solvency of insurers or re-insurers. Marsh makes no assurances regarding the availability, cost, or terms of insurance coverage.

Marsh is one of the Marsh & McLennan Companies, together with Guy Carpenter, Mercer, and Oliver Wyman.
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