{"id":5186,"date":"2021-12-10T19:01:27","date_gmt":"2021-12-10T19:01:27","guid":{"rendered":"https:\/\/cpatacabamcdev.wpengine.com\/?p=5186"},"modified":"2024-01-09T16:02:36","modified_gmt":"2024-01-09T16:02:36","slug":"mandatory-liability-insurance","status":"publish","type":"post","link":"https:\/\/cpata-cabamc.ca\/en\/mandatory-liability-insurance\/","title":{"rendered":"Mandatory Liability Insurance"},"content":{"rendered":"

Following extensive consultation with the profession, the Board has adopted the requirements for liability insurance as follows:<\/p>\n

A\u202flicensee who holds a\u202fclass 1\u00a0licence\u00a0or a class 3\u00a0licence\u00a0and who provides services to the public, must have professional liability insurance<\/strong>\u202fthat meets the following requirements:<\/p>\n

    \n
  1. \n
      \n
    1. it must be issued by a company licensed in\u00a0Canada;<\/li>\n
    2. it must cover claims made in and outside\u00a0Canada;<\/li>\n
    3. it must indemnify the licensee for any civil liability that arises from the licensee acting as a patent agent or trademark\u00a0agent;<\/li>\n
    4. it must have coverage limits of a minimum of $1 million per claim and $2 million aggregate per year.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n

      Therefore, those who work in government or as in-house agents are exempt from the requirements.<\/p>\n

      A licensee is not required to be insured against professional liability\u202funtil the end of the year\u00a02022,\u202fbut\u00a0must make all reasonable efforts to obtain the required insurance as early in that year as is reasonably possible.<\/p>\n

      For more information, consult our FAQ<\/a>\u00a0or\u00a0contact us<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

      Following extensive consultation with the profession, the Board has adopted the requirements for liability insurance<\/p>\n","protected":false},"author":6,"featured_media":5187,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[45],"tags":[],"class_list":["post-5186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\nMandatory Liability Insurance - 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