PADI-endorsed Professional Liability Insurance for PADI Americas

21Jun17_PADI-endorsedInsurance

Unmatched in the Industry

When you compare coverage, service and price, you’ll find that PADI® -endorsed professional liability insurance provides the industry’s best coverage at the best price. In addition to unmatched service and support, the PADI-endorsed professional liability insurance program offers:

  • The industry’s only A++ XV rated US insurance company. A++XV is the highest rating possible.
  • The lowest price in the industry for the best coverage. PADI-endorsed insurance is the most competitively priced insurance coverage available to dive professionals for the 2017-2018 policy year, with no price change from 2016. It’s the most stable insurance program in the industry today and offers you the best value.
  • Unlimited defense costs outside policy limits with no “rider” necessary. With the PADI-endorsed policy there are no limits to the amount of money the insurance company will invest to defend you. Other polices in the industry either have a limit or the defense cost comes out of the total policy limits.
  • No General Standards Warranty. Some policies don’t provide coverage if the dive professional’s actions are not absolutely consistent with all agency training standards.
  • No reduced ratios for introductory scuba open water dives. The PADI-endorsed policy provides coverage for the conduct of introductory programs that meet Recreational Scuba Training Council (RSTC) standards. Specifically, it provides coverage for conducting open water dives at a 4:1 ratio. Other policies only provide coverage for open water dives at a 2:1 ratio (1:1 under age 15).
  • Prior acts coverage. Changing from one professional liability policy to another can result in a “loss of prior acts coverage” with some policies on the market, which could leave you bare for claims resulting from incidents or instruction that occurred in the past. The PADI-endorsed professional liability program provides prior acts coverage for claims dating back to your first date of uninterrupted professional liability coverage or 30 June 1992, whichever is later.
  • Effective dates through the entire year (30 June 2017 to 30 June 2018). Other policies may not be effective 30 June 2017, causing a gap in coverage.

For more than 30 years, PADI-endorsed insurance has remained the market leader with coverage that is clear and policies that are easy to understand. With the PADI-endorsed policy, you also get the most experienced defense, risk management and insurance teams in the industry.

Enroll in or renew your PADI-endorsed professional liability insurance today to lock in the best prices and coverage of the year.

For more information or to enroll, visit:

 

Health and Life Insurance Options Now Available!

Vicencia & Buckley Insurance

As part of PADI’s value proposition and commitment to serving its members, PADI now offers comprehensive medical, dental and life insurance services for all U.S.-based members*.

Vicencia and Buckley Insurance, a Division of HUB International, make this significant new benefit possible. U.S.-based PADI Members now have access to affordable medical, dental and life insurance with leading carriers backed by the nation’s largest providers. Enrolling, and getting policies issued, is easy.

Open Enrollment begins 1 November 2015 and continues through 31 January 2016.

Health and Dental Insurance: Through PADI.HealthInsurance.com, individuals and families can get quotes from leading health insurance carriers, compare health plans side by side, and purchase health insurance. Individual health insurance offers the convenience of choice: You choose which benefits you want in a plan. Premium options give you the freedom to choose what best fits your family’s budget.

Life Insurance: PADI has a new life-insurance price-comparison service available to PADI instructors who are U.S. residents. Now, you can easily compare the rates of 50 leading life insurers in seconds and have the freedom to apply to any company shown.  Special questions and filters designed for diving instructors ensures accurate life-insurance quotes. Instant life-insurance quotes from $5,000 US to $25 million US are now available at LifeQuotes.com.

Employer Small Group Health and Dental Insurance Plans: HealthInsurance.com also offers competitive employer-sponsored group plans for groups ranging from two or more employees. HealthInsurance.com has a vast portfolio of products and carrier relationships, which allow multiple proposals with flexible, affordable plans and competitive rates.

*Offer valid in U.S. only

Health Insurance and Lifestyle Benefits Now Available

Health Insurance banner

As part of PADI’s value proposition and commitment to serving its members, PADI now offers comprehensive medical, dental and life insurance services for all US-based members*.

Vicencia and Buckley Insurance, a Division of HUB International, make this significant new benefit possible. All US-based PADI Members now have access to affordable medical, dental and life insurance with leading carriers backed by the nation’s largest providers. Enrolling, and getting policies issued, is easy.

Health and Dental Insurance: Through HealthInsurance.com, individuals and families can get quotes from leading health insurance carriers, compare health plans side by side and purchase health insurance. Individual health insurance offers the convenience of choice: you choose what benefits you want in a plan. Premium options give you the freedom to choose what best fits your family’s budget.

2015 open enrollment

ATTENTION! OPEN ENROLLMENT ENDS ON FEBRUARY 15TH. Don’t find yourself without Health Insurance! PADI is here to make sure you are covered and is very excited to offer Health Insurance through Healthinsurance.com to help make sure you and your family are protected.

Life Insurance: Life insurance is not one-size-fits-all. Your policy can be tailored to meet your financial objectives. People have different priorities at different stages of their lives. That is why PADI has partnered with LifeQuotes.com to offer our members the best in life insurance options with customized coverages for divers.

Other benefits, such as home and auto insurance, international travel insurance, long term care insurance, wellness and fitness programs, identification theft protection services, technology support and even pet insurance, are coming soon. Stay tuned!

*Offer valid in United States only

Is Your Insurance Up to Date? Are You Sure?

PADI Americas Liability Insurance

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!

PADI Insurance 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).