As small businesses operators and health-care providers, midwives and their practice groups need several different types of insurance:
- Professional liability insurance (i.e., malpractice insurance) is a legal requirement for many healthcare providers and is required for midwives by a regulation under the Midwifery Act. Such insurance can also be viewed as the ethical responsibility of the healthcare provider, to bear responsibility for the care that they provide.
- Business insurance (i.e., clinic insurance, commercial liability insurance) is a requirement of midwives’ funding agreements. Generally, such policies contain comprehensive general liability coverage (e.g., slip and falls in the clinic) and coverage for damage to the office and its contents (e.g., fire). The amounts of coverage, types of coverage and insurers vary – so practice groups should carefully review the coverage that they need and what they have.
- Auto insurance is important in midwifery because of the mobile healthcare that midwives provide. Midwives need to confirm that their automobile insurer is aware that they are using the vehicle for work and carrying equipment with them.
- Health benefits, life insurance, disability insurance are benefits typically provided through a workplace. For midwives, these benefits are managed by the Association of Ontario Midwives Benefits Trust.
- Workplace Safety and Insurance Board (WSIB) coverage is required for many businesses, but healthcare practices such as physician and midwifery clinics are not required to subscribe to WSIB. Practice groups can opt-in to WSIB if they choose for workplace injuries and illness. The AOM resources on human resources provide more information.