Insurance Policy by Zohar Ne'eman

Price Quote for Professional Liability Insurance for Members of the Chinese Medicine Association in Israel

Dear Members,

Zohar-Ne’eman Insurance Agency, which has been insuring practitioners in paramedical professions for over 20 years, has been chosen to provide insurance for the association members. The policy has been carefully examined both in terms of insurance coverage and price, and has been found to be the most suitable product for our occupation and for professions typically associated with Chinese medicine.

A group purchase through the association and the opportunity to acquire a quality insurance product at an affordable price is a smart purchase that combines the necessity of quality professional insurance while considering the risk involved in yoga and complementary medicine professions, and paying a realistic, true, and appropriate premium for it.

The policy is based on the date of occurrence, and there is no concern if a claim is filed after its cancellation for any reason, without fine print or restrictions.

A practitioner who is sued does not affect the insurance coverage of other practitioners.

Insurance Period: 1.4.2022 – 31.3.2023

(The insurance company is “Hachshara”)

*Terms subject to valid association membership*

The Policy Covers Professional Liability and Third-Party Liability:

Professional Liability Limits: 1,500,000 NIS without deductible in case of a claim

Third-Party Liability Limits: 1,500,000 NIS with a 2000 NIS deductible in case of a claim

Total Aggregate Liability Limit: 10,000,000 NIS per year

(Please note the different deductibles for certain occupations detailed below)

Most claims in the field of complementary medicine do not reach the amount of 1,000,000 NIS, therefore a collective coverage of 10,000,000 NIS is very high. We periodically review the claims ratio against the policy amount to assess if there is a need to increase the insurance amount.

Payment is made by Zohar Ne’eman on behalf of the insurance company and the association

*Please note any additional costs if required below*

All complementary medicine professions will be included in this price without additional payment, except for professions with excess risk that are priced separately (details will be provided by us subject to verification of certification).

Terms and Additions:

• Professional liability limits can be increased to 4 million NIS for an additional 250 NIS per year.

• Extension of third-party coverage for group guidance / training / non-active workshops up to 100 participants – for an additional 300 NIS per year, if the workshop is conducted at a location owned by the insured. If the workshop was ordered by an external entity and is conducted at their premises, then the coverage is without additional cost.

• Coverage is provided for online nutrition workshops (non-active) with a deductible of 4,000 NIS, provided there is a health declaration and blood tests of the patient.

• Yoga for ages two and up without parental involvement – for an additional 300 NIS per year. Deductible of 4,000 NIS for professional liability for children from age two to three.

• New for Association Members! The policy coverage can be extended to include bloodletting, subject to certification and the therapist’s signature on a declaration to implement sterilization according to the association’s conditions. This extension will be without additional payment and with a deductible of 4,000 NIS for professional liability in case of a claim.

• Update Regarding Cosmetic Acupuncture Coverage! The insurance coverage will be extended to cover this practice without additional payment and without deductible, as part of the therapist’s Chinese medicine practice. Please note that the failure of the cosmetic process will not be considered grounds for a claim.

• Product Liability Coverage Extension – for an additional 140 NIS. Product Liability Limit: 100,000 NIS with a deductible of 2,000 NIS.
  Coverage Definition: Coverage for claims due to a defective product, without the need for Ministry of Health approval, for products prepared by the therapist and given to the patient after diagnosis and as a result of it.
  For those practicing Bach Flower Remedies, product liability coverage will be provided automatically at no additional cost.
  For those practicing aromatherapy, product liability coverage can also be extended for an additional 140 NIS per year.

• Practitioners involved in mentoring or supervising interns and/or guiding practitioners during clinical internships are eligible for extended coverage at no additional cost
  (Internship supervision applies only if you are present during the treatment) – please inform us so we can update your coverage accordingly.

• Frequency medicine / shock waves including devices / any practice with pregnant women / baby massage / hot stones / cupping – deductible of 4,000 NIS for professional liability.

• The coverage also includes work in public hospitals in Israel.

• The coverage includes online lessons / treatments in real-time (for coverage of recorded lessons – please contact us).

• For those practicing Qi Gong, Tai Chi, and soft martial arts (without contact and fighting):

  • Up to 30 participants – deductible in third-party liability for outdoor activities: 6,000 NIS.

  • 30 to 100 participants – additional 300 NIS and deductible in third-party liability for outdoor activities: 6,000 NIS.

  • For groups of 50 participants or more – please contact our office for a suitable price quote.
    (Outdoor activities must take place in regulated locations away from bodies of water)
    (All participants present in the session will be considered as one third party in relation to one another)

• For those transitioning from a claims-made policy – we will allow an extension for retroactive coverage for the last year at no additional cost.
  Regarding extension for retroactive coverage beyond one year – an additional 100 NIS, subject to a declaration that there is no knowledge of claims and/or waiver of coverage for the previous period.

• Adding an additional occupation during the insurance period – one-time fee of 70 NIS.

• Cost of insurance confirmation for external entities – 35 NIS per confirmation.
  You can purchase a bank of confirmations for an annual cost of 100 NIS (suitable for 3 or more confirmations during the period).

Special Offer:

Students who have recently completed their studies and are getting insurance for the first time and joining the association can get insurance for the first year with an unprecedented discount: Only 665 NIS (Contact us for an offer and details)

Terms for Joining the Policy Mid-Insurance Period:

When joining the policy during the insurance period, the payment is according to the proportional part of the insurance premium and membership fees based on the months of joining.

Please note: In the process of proportional joining, the option for installment payments will decrease according to the joining period.

For example: For a 3-month enrollment period before the policy ends, credit card billing will be limited to a maximum of 2 payments only.

For those joining from the third month of the policy (May onwards), a one-time handling fee of 70 NIS will be charged additionally.

Policy Cancellation Terms During the Insurance Period:

The following are cases where the policy can be canceled:

1. Pregnancy / Bed rest during pregnancy / Maternity leave

2. Loss of work capacity (subject to medical documents)

3. Declaration of permanent work cessation until the end of the insurance period

• Upon cancellation, a refund will be given for the insurance premium for the remaining proportional period until the policy ends.

• Mid-term policy cancellation fee – 70 NIS one-time

• No refund will be given for the insurance premium if the policy is canceled two months before its end.

Make sure to document the initial health declaration and changes for 10 years!

Mandatory Pension for Self-Employed:

At present, the Ministry of Finance is sending out penalty letters to self-employed individuals who have not made the legally required pension contributions.
According to the Association’s terms, you are entitled to a consultation meeting or call on this matter. We can help you locate existing funds and policies from the past, review them, and provide an expert opinion on whether they are suitable for your profession, family situation, and income.
Take advantage of this benefit – it could be worth a great deal!

In addition, we continue the tradition of providing benefits and discounts on personal accident insurance and loss of work capacity insurance. Ask us!

Contact Us:

For questions and additional insurances (car / home / travel abroad and more): Phone: 073-7075555

Ruti Shayar
Professional Liability Proposals and Management
✆ 073-7801187 | ✉ rutys@zn-ins.co.il

Yael Aharon
Professional Liability Manager
✆ 073-7801191 | ✉ yaela@zn-ins.co.il

We will continue to provide personal service and professional guidance throughout our shared journey.

Regards,
Yaniv Ptaya – Chairperson of the Association
Yaron Neeman – CEO, Zohar Neeman