Consider the following scenarios which could result in claims against a regulatory organization and the people who represent you. Although insurance is something we hope we never need to use, the right insurance policy is essential to have.
A former member sues the regulatory body and the members of the Discipline Committee following an investigation and disciplinary process which resulted in revocation of the member's certificate of registration. The former member is claiming emotional distress and lost wages due to his inability to practise.
A regulatory body is sued by an applicant who failed to secure membership in the organization. The claimant alleged that the application process, including review of their educational qualifications and language proficiency was biased and discriminatory.
A manager sues the organization for wrongful termination and age discrimination after they are dismissed and their position filled by a younger, less qualified person.
A regulatory body is sued by a group of its members for financial mismanagement. Members allege that the directors and officers misappropriated the organization's revenues and receivables by contracting work to companies personally known to, and affiliated with, the executive.
An employee of the regulatory organization leaves his laptop on an airplane. Files on the laptop contain registrant, staff and volunteer data including addresses, credit card information, bank account numbers and other personal identifying details. The laptop is found by a flight attendant and returned to the employee several days later. However, the data breach is not reported to the Privacy Commissioner within the required timeframe and the organization is fined as a result.
A regulatory body's computer network is down for 4 days as a result of a virus and they are unable to provide any services. The regulatory body reports the incident to the insurer and is able to hire a computer expert with the technical know-how required to identify the source of the data breach and protect against future incidents. Their policy also pays for notification costs, identity restoration services, and credit monitoring for the individuals whose information was compromised and the organization is able to avoid a lawsuit.
A letter carrier slips and falls when delivering a package to the regulatory body's office and sues the organization for damages related to his injury.
A leaky water cooler in the office a floor above results in water damage to ceiling drywall and carpets in the regulatory body's reception area. The cost to repair the resultant water damage is in excess of $25,000.