Liability insurance — psychology (Nova Scotia)
Hold professional liability insurance (or other malpractice coverage or liability protection) in the form and amount set by the Board. The minimum amount set by the Board is $1,000,000 per occurrence. Applies to holders of a Practising Licence AND a Candidate Psychologist Conditional Licence. Proof of coverage must be provided within 30 days of the licence being granted, and maintaining coverage is a condition of annual renewal. Employer-provided coverage does not automatically satisfy this — NSRP’s position is that institutional coverage may not cover all acts of an employee and that psychologists employed by health institutions, school boards and universities still require personal coverage. One standing exemption exists: Correctional Service Canada employees practising only within CSC, under a monitored annual-declaration arrangement between NSRP and CSC. Other federal employees must submit proof of their own coverage. Retired, relocated or career-changed registrants are advised to maintain coverage or obtain extended-reporting (’tail’) coverage, because policies are typically written on a claims-made basis.
“Under the Regulated Health Professions Act and the Psychology Regulations (s. 11(1)(a)(iii)), an applicant for a licence must have professional liability insurance or another form of malpractice coverage or liability protection in the form and amount set by the Board. This applies to holders of a Practising Licence and a Candidate Psychologist Conditional Licence. The minimum amount set by the Board is $1,000,000 per occurrence.” — NSRP, Professional Liability Insurance Required of All NSRP Registrants