Benefits and Insurance
Group Benefits
Members of the OCBCC have access to experts who will be able to answer these questions and more. If you have questions or need advice about any of the following types of benefits and insurance:
Employee Benefits: Group Insurance Plan includes Life, Disability, Health and Dental coverage
Retirement Savings Plans: Employee Group Registered Retirement Savings Plans – RRSP
Member Property & General Liability Insurance: Coverage for property includes owned buildings, contents, income loss, child abuse and more.
Directors & Officers Liability Insurance: Liability insurance for members of Board of Directors
All of these different types of plans have been designed and developed for members of the OCBCC with careful attention to the specific needs of child care professionals.
No group is too small or too large in order to qualify for our exceptionally well designed and well priced insurance plans. As an OCBCC member you can take advantage of our professional advisors in the field.
For advice and a review of your present insurance and more information on our member plans, please contact our Benefit Plan Consultant and Administrator:
Anne Spencer
Canadian Benefits Consulting Group
2300 Yonge Street, Suite 3000, Toronto, ON M4P 1E4
Tel: 416-488-7755 or toll-free at 1-800-268-0285, ext. 252
aspencer@canben.com
Professional Liability Insurance
What is Professional Liability Insurance?
Professional liability insurance would be part of your centre insurance – the insurance you have that covers your property, buildings, contents and directors liability.
The Regional Municipality of York has recently mandated that all child care centres receiving funding from the Region must carry Professional Liability insurance. We anticipate that more municipalities across the province will require this coverage for all centres over the next few years.
Professional Liability (or Errors and Omissions) coverage is common for individual professionals, such as doctors and lawyers, and organizations that employ regulated professionals. This is a very specialized coverage that is typically excluded under the standard commercial general liability policy.
The coverage provides for liability lawsuits arising out of errors or omissions by Registered Early Childhood Educators (RECE) individually or for the centre. The policy may also provide for an individual’s legal fees related to a disciplinary complaint before the College.
This is a very important time to make sure you have the right insurance for your centre. The wrong time to find out you are not covered is after a claim!
The elements of insurance coverage you should look for include:
Building and contents; Crime including employee dishonesty; Loss of income; General Liability; Directors & Officers liability; Physical and sexual abuse; Professional liability
When the OCBCC started out many years ago, many members had trouble finding specialty insurance for child care programs. The OCBCC works with two insurance professionals on specialized insurance for the early learning and child care sector.
If you have any questions about your current insurance program, we recommend you contact Ian Vincent, at Impact Insurance Brokers.
For Centre insurance inquires call Ian Vincent at 1-877-238-7054 or email: ivincent@impactinsurance.com