The UK Reiki Federation

About Balens Insurance for Members of The UK Reiki Federation

	Information provided by Balens IMPORTANT: these pages and downloads updated and effective for applications/renewals on or after August 1, 2011.
	Please click here if you need to view previous Insurance Documentation for 2010-2011 (effective August 1, 2010 - July 31, 2011)

Key Points - Policy Cover

Balens have specialised in Health Professionals for over 19 years, and understand what they do and how to protect them. Our experience and marketing power has enabled us to partner with a major Insurer and provide you with unrivalled protection for your therapeutic or consulting work. This is an exclusive newly designed wording and is only available through Balens

(Note: many of the terms used below are explained in the Glossary.)

Suitability Statement and Statement of Demands and Needs

As a Health Professional you can be held legally liable for loss or damage to other people’s property, injury or other harm, financial loss alleged to have been caused to your clients or patients, or other parties. This policy will meet that need and provide defence and payment of damages for the above, as well as covering other risks and offering various services as well.

The Insurer for this Policy is the Zurich

We have chosen this insurer as Balens have designed an exclusive specially improved policy wording with them, which includes greater security in the event of you discontinuing cover as well as other advantages. They are a diversified global insurer and financially very secure, which gives long term security of cover. Please refer to the full policy wording which is available on request from Balens or on our website, www.balen.co.uk.

The policy is on a Claims Occurring Basis, but with a unique difference!

The policy is on a Claims Occurring basis. Balens have managed to include all the benefits of a Claims Made policy and combined it with a Claims Occurring policy thus removing the disadvantages that both usually have!

What does the policy cover?

• The Cover is £3,000,000 or £5,000,000 or per section, any one claim, with unlimited number of claims in the year, plus unlimited defence costs are covered in addition. There is no excess.
• Wide definition of cover is clear and is not restricted to treatment only. Cover includes Medical Malpractice, Professional Indemnity, Public / Products Liability (claims in this section do not reduce the amount covered for other sections of the policy as is normally the case in other policies) and Products Liability (provided for unlimited sales to clients and for up to £30,000 sale to non-clients).
• Teaching and Student Work cover (running a school can be covered separately).
• Includes Libel and Slander cover.
• All premiums include full malpractice retroactive cover for previous work performed (Doesn’t include the DAS package).
• Loss of Reputation expenses to help repair damage to your business in event of a claim against you
• Breach of Intellectual Property, Client Confidentiality Protection cover,
• Temporary Trips abroad are covered without a time limit (ex USA and Canada). Ex-UK Domiciles may be covered upon request
• Loss of Documents cover included £50,000.
• First Aid cover as well as Good Samaritan Acts.
• Run off on cessation of cover or practice is included whether your scheme stays with this insurer or not at no charge whatsoever! There are no restrictions or conditions. This is a Major improvement on what is often available through other insurers. (Doesn’t include the DAS package for unlimited run off as it is a different kind of policy).
• We include an upgrade of cover feature on Zurich Policy that protects you against the effects of inflation and rising court awards - this cover is a pioneering hybrid offering the advantages of a claims occurrence policy with features normally only found on a claims made policy, but with none of the disadvantages, particularly around the issue of discontinuing cover and possibly being uninsured later on if a claim is discovered. Many wordings give conditional “unlimited” or time restricted run off cover if you cease the policy at any time.
• Includes Disciplinary Hearings cover, plus Pre disciplinary hearing legal advice up to £1000.
• Students can be covered for all work prior to qualification, subject to adequate supervision and safeguards
• Wide range of activities can be insured from the non-invasive to the more invasive types, as well as non treatment related work and advice - our definition of a “Health Professional “ or “Health Business” and the various types of situation covered is extremely wide.
• Flexible underwriting to accommodate changes in your practice, fast turnaround of documents and queries
• No additional charges for routine changes to cover or duplicate certificates
• There are many more features too numerous to mention here!!!

Also Included is a separate Legal and Taxation Policy Package through DAS and covers Criminal Defence and other costs up to £100,000!

• Regretfully, the climate of litigation is still deteriorating, claims incidents criminal allegations including allegations of sexual impropriety or assault are, in our experience, on the increase. For many years now, we have included our Legal Expenses Policy. The cover is generous and the exclusions few. Wide range of free 24 hour Advicelines, including Legal/Tax Advice,Counselling and business support services are included. Corporates with Employees need a different policy.
• Jury or Witness Service Compensation – for lost income as a result of having to attend.
• Defence of your legal rights involving Criminal Proceedings as well as Data Protection and other legislation cover, wrongful arrest, actions against you for unlawful discrimination etc.
• Negotiation and representation (including accountants fees) in event of Inland Revenue partial or full enquiry. Some accountants have been known to charge over £90 for this!
• Business Assistance Helpline for emergencies involving your premises.
• Disciplinary Hearings Defence and Legal Expenses if you lose your Statutory Licence to practise.
• Please note that Retroactive cover is not included for this element of the policy due to the specific nature of it. This is however available if required for an additional premium. Run-off is now included.
   

We have always regarded advice, quality cover and personal service as our main strengths, which in themselves can save time and money in the long term. Our collective buying power ensures that you get the best value for money and a unique cover opportunity in this very specialised and limited marketplace.

To Apply:

Important: These web pages have been compiled from the same source as the downloadable PDF document - the information should therefore be identical. However, if there is any material difference, the PDF download should be regarded as the correct one.

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