Insurance renewal season is upon us. For many PADI Pros in the Americas and Canada regions, your liability insurance policy comes due on 30 June 2013.
Your 2013-2014 renewal application should have arrived in the mail. To renew, simply update the information, sign and mail. You can also renew online today or sign up for auto-renewal. If you’ve renewed online you don’t have to mail in the form. PADI Members in Canada, please renew online using this link for Barton.ca.
A few important reasons for prompt renewal:
#1 The Red Hand
On 1 July 2013, instructors without insurance will receive the error below and will not be able to process PIC online.
Beware the Red Hand!
#2 It’s Important to Maintain Continuous Coverage
By not renewing, you will have a gap or lapse in your insurance and will not have coverage for any “prior acts.” This means if a student makes a claim against you for a wrongful act that occurred prior to your gap or lapse in coverage, then you would not be covered for this student’s claim. This would be a “prior act.”
#3 Ensure Your Application was Processed
If your application is returned due to incorrect or insufficient payment, forgetting to sign both pages, or because your PADI Pro membership is not renewed: you are without coverage.
We know you have options for professional liability coverage. Here is an overview of why you might choose PADI’s coverage.
With PADI-endorsed Professional Liability Insurance, you get quality coverage, risk management and legal support that you’ll find only from the dive industry insurance experts at Vicencia & Buckley and the PADI organization.
The PADI-endorsed Professional Liability policy includes:
- the financial security and stability of a member of the AIG group of companies – an A XV Excellent rated United States insurance company
- clear medical screening guidelines for PADI Members – use of the RSTC Medical Statement versus personal evaluation of the student’s appearance
- claims-made coverage is triggered when you file an incident report for known incidents.
- coverage for teaching introductory scuba experience programs in open water that meet RSTC Standards.
- coverage not provided in most other policies, such as coverage for denial of training due to medical or disability reasons. This means you are covered if you get sued for denying services due to a customer’s medical condition or disability.
Should a claim be filed, the PADI-endorsed Professional Liability policy provides:
- on-site investigation of an incident by a licensed investigator.
- legal defense in case of a covered claim.
- indemnity payment for a covered claim if there is an award by the court or for an out-of-court settlement.
This year more than ever, it’s important to ensure you continue to choose the PADI-endorsed Professional Liability policy, the most consistent policy in the business. Renew your insurance today diveinsurance.com (Americas) and barton.ca/group/padi_home.htm (Canada).