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.
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.
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.
General Liability Insurance Plan for IEEE members: General liability coverage helps provide businesses with liability protection for claims arising out of bodily injury and property damage; personal injury and advertising injury; and medical payments. This coverage option is available to qualifying firms and individuals providing computer-related professional services. Qualifying applicants' business operations outside their residence must be limited. General Liability coverage is only available to insureds of the Certain Underwriters at Lloyd's of London Professional Liability Insurance Plan.
IEEE Risk Management Course (Continuing education course)
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 https://www.ieee.org/riskmanagement.
IEEE Computer Society Certification and Credential Program (Continuing education courses)
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/education/certifications.
This coverage is available to residents of Canada (except Quebec) through AMBA Canada Limited.
Determining Your Needs
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 Defence Coverage — At No Extra Cost
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.
Optional Defence Coverage
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.
Sensible Protection You Can Afford
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.
General Liability Insurance Plan for IEEE Members
"Prior Acts" Coverage Also Available
About This Plan Information
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 AMBA Canada Limited.
AMBA 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. AMBA Canada Limited is providing this single insurer option on behalf of IEEE.
"As the owner of my consulting business, I was required by one of my clients, a local utility company, to have professional liability insurance…As an IEEE member for close to 40 years, I remembered that IEEE offered it through its member insurance program, so I gave them a call…" — Learn more about Joe Redfield’s story
What are the limits and deductibles available to me?
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.
I am not a licensed engineer, do I qualify for the plan?
Do I really need professional liability insurance?
Does the policy provide coverage for technology-related exposures?
Does your policy allow for defence costs to be paid outside the policy limits?
Does the policy provide prior acts coverage?
We're here to help! Please contact us in whatever manner is most convenient for you.
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Content contained on this page pertains only to IEEE members in Canada (excluding Quebec). The life and health plans are available through AMBA. 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: 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. AMBA 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. AMBA makes no representation or warranty concerning the application of policy wordings or the financial condition or solvency of insurers or re-insurers. AMBA makes no assurances regarding the availability, cost, or terms of insurance coverage.
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