12 Va. Admin. Code § 5-381-210

Current through Register Vol. 41, No. 6, November 4, 2024

Section 12VAC5-381-210 - Indemnity coverage

A. The governing body shall ensure the organization and its contractors have appropriate indemnity coverage to compensate clients for injuries and losses resulting from services provided.

B. The organization shall purchase and maintain the following types and minimum amounts of indemnity coverage at all times:

1. Malpractice insurance consistent with § 8.01-581.15 of the Code of Virginia;

2. General liability insurance covering personal property damages, bodily injuries, product liability, and libel and slander of at least $1 million comprehensive general liability per occurrence; and

3. Third-party crime insurance or a blanket fidelity bond of $50,000 minimum.

12 Va. Admin. Code § 5-381-210

Derived from Virginia Register Volume 22, Issue 3, eff. January 1, 2006; Amended, Virginia Register Volume 31, Issue 010, eff. 2/12/2015.

Statutory Authority: §§ 32.1-12 and 32.1-162.12 of the Code of Virginia.