Changes to the APA Member Insurance Program 2024
The APA, together with our insurance broker, BMS, annually review the APA Member Insurance Program to ensure it continues to provide comprehensive and competitively priced coverage. This includes careful review of all inclusions, costs and claims trends.
The changes to the program will be applied and reflected in all policies renewing from 31 December 2024. Please refer to your Policy Schedule for further details on your policy.
If you have any questions, please contact BMS on 1800 931 068 or via email.
Details can be found on the APA Member Insurance Program page.
What you need to know
Changes to the APA Member Insurance (Professional Indemnity and Public & Products Liability insurance(PI&PPL)*) and APA Entity Insurance.
From 31 December 2024, the APA Member Insurance (PI&PPL) and APA Entity Insurance will no longer be insured with Certain Underwriters at Lloyds. Both programs will now be supported by a local insurer - AAI Ltd trading as Vero Insurance (Vero).
With over 180 years of experience providing quality insurance products, we are confident Vero will be a great fit for the APA Insurance moving forward.
Should you lodge a claim in the first year after this change, Vero will apply the best conditions/limits for your claim, whether that is from your previous policy or current policy.
APA Member Insurance (PI&PPL) Policy Changes
At renewal this year, some policy changes have been made to reduce the amount of times you need to check in with BMS about your cover. The following changes have been made to your cover:
- Overseas work is now automatically covered with the Policy Territorial Limit now extended to Worldwide cover and the Jurisdictional Limit now extended to Worldwide cover excluding USA.**
- Telehealth is now automatically included for all in scope practices.
**Your policy may still need review by BMS depending on other information you provide to us related to your overseas work.
Changes to APA Entity Insurance
At renewal this year, some policy changes have been made to reduce the amount of times you need to check in with BMS about your cover. The following changes have been made to your cover:
- No need to disclose use of pools or gyms
- Overseas work by practice employees is now automatically covered with the Policy Territorial Limit now extended to Worldwide cover and the Jurisdictional Limit now extended to Worldwide cover excluding USA.**
- Telehealth automatically included for in-scope practices.
**Your policy may still need review by BMS depending on other information you provide to us related to your overseas work.
Policy End Date Change
This year APA Entity Insurance policies will be renewed for the period 31 December 2024 – 1 December 2025. This change will enable you to renew your policy before the busy festive period in 2025 (premiums will be adjusted according to the shorter insurance period).
Is the APA Member Insurance Program still compliant with the Physiotherapy Board of Australia (PhysioBA) and the Australian Health Practitioner Regulation Agency (Ahpra)?
Yes, the APA professional indemnity insurance policy complies with and exceeds all requirements set by the PhysioBA and Ahpra.
How do I get Entity Insurance?
For more information or to get a quote, contact BMS directly on 1800 931 068 or email apa@bmsgroup.com. Please note that if you do not apply for entity insurance coverage you will not be automatically covered under your insurance as part of your normal APA membership and insurance policy.
[Disclaimer]
You must be a current Australian Physiotherapy Association (APA) member to be eligible to register for the APA Member Insurance program. You must be part of the APA Member Insurance program in order to access additional cover. If your membership ceases you will not be offered renewal when your policy expires. In offering this insurance to our members APA is a distributor of BMS Risk Solutions Pty Ltd (BMS) AFSL 461594, ABN 45161187980. The insurance is issued by BMS under authority with the insurer. When acting under this authority BMS acts as agent for the insurer and not as your agent. This is general advice only and BMS has not considered whether it was suitable for your personal circumstances, current objectives, needs or financial situation. Please read the Policy Wording/Product Disclosure Statement and the BMS Terms of Engagement which contains the Financial Services Guide before making a decision about purchasing this policy. There is a Target Market Determination for the Personal Accident policy As a distributor, APA may receive a percentage of the commission paid to BMS by the insurer and/or a fee per policy in offering this insurance to members. APA receives an annual payment from BMS which is used for insurance related marketing and professional development activities to support our members.