CGA Insurance Programs
CGA Professional Liability Insurance Program
As a highly visible entity, the CGA Association wants to assure the public that its members have appropriate insurance for the work they do. Professional liability insurance is mandated for all public practitioners in Canada.
Through the CGA Professional Liability Insurance Program, CGAs are provided insurance and risk management services to protect both themselves and their clients. This program is underwritten by Encon Group Inc., which has dedicated claims support to assist with the settlement of professional liability insurance claims.
The usual indemnity limit for CGAs in public practice is:
- $1,000,000 per occurrence (the most the policy will pay for any one claim),
- $3,000,000 per aggregate for a 1-person firm (the most the policy will pay in any one policy year for all claims)
- $4,000,000 per aggregate for a 2-person firm, or
- $5,000,000 per aggregate for a 3 or more person firm.
For more information about the CGA Professional Liability Insurance Program, please contact either of the following:
Aon Reed Stenhouse Inc.
Phone:1-866-710-5887 (exclusive to CGAs)
Fax: 416-868-5580
To report an incident or make a claim, please contact either of the following:
Mike Priddle
Phone: 780 483-3481
Email: mike@nwadj.ca
Related Information:
Professional Liability Insurance Master Policy [PDF - 2.31 MB, 9 PAGES]
CGA Employee Benefit Program
Through our partners at Johnstone's Benefits, the CGA Association is proud to provide a unique and affordable Group Insurance plan designed specifically for CGAs. The program is available to CGA's in Public Practice of any size, and, based on underwriter approval, CGA's who own or operate any company and their permanent employees.. The CGA program leverages the size and strength of CGA-Canada and CGA-Alberta to provide small firms with access to Group Insurance coverage and larger firms with flexible and cost effective programs. This program provides each firm:
- FLEXIBILITY to meet your firm's unique needs. Johnstone's provides a large range of options designed to satisfy your most stringent requirements.
- SIMPLE Plan administration. Johnstone's Benefits, as your Third Party Administrator, provides full administration support meaning less work for you so you can focus on your business.
- ECONOMICALLY PRICED - The Group Insurance plan for CGAs was designed to offer an affordable solution, regardless of the size of the group.
Click here for more information on what this program includes.
If you don't have a plan currently, or you do and you are looking for an alternative, give Johnstone's a call for a competitive quotation.
IAP Personal Insurance Program
The CGA Association offers CGAs and students a quality, low-cost personal insurance program through Industrial Alliance Pacific Life Insurance Company (IAP Life).
Realizing that as assets and responsibilities increase, so does the need for additional insurance protection, the CGA Association has developed five excellent insurance plans with a focus on the needs of the members, spouses, employees/partners, and students in Canada.
Optional critical illness plan
A critical illness plan fills the gap between life and disability insurance by providing coverage for life-altering illnesses not provided for under:
- disability insurance or LTD - covers ongoing monthly expenses
- medical insurance - payment toward treatment
- life insurance - paid to the beneficiary, not the insured
- retirement income - projected to cover monthly living expenses
The combination of healthier lifestyles, greater self-awareness, and significant advances in medical science means that survival rates of Canadians who have suffered a life-threatening illness have improved, and will continue to improve, because of these changes.
Available to CGAs, employees/partners, spouses, and students in units of $25,000 to a maximum of 10 units or $250,000, payable in a tax-free lump sum payment. Sixteen medical conditions are covered.
Term life insurance
Term life insurance provides members with basic life insurance needs. Insurance is available in units of $28,050 to a maximum of 25 units ($701,250) for CGAs, students, employees, partners, and spouses, and $15,000 or $20,000 for each of your dependent children at one low premium rate.
Permanent life insurance
Premiums are guaranteed and remain level for 20 years at which time the policy becomes paid up, giving lifetime protection. In addition, the plan offers a guaranteed cash value after 20 years.
Income protection insurance
Income protection insurance provides members with an income should they become totally or partially disabled. Insurance is available in units of $100 to a maximum monthly benefit of the lesser of $5,000 or 66.66 per cent of gross monthly earnings (excluding any bonus, commissions, and overtime).
There is also a choice of waiting periods (zero to seven, 30, 90, 120, or 180 days).
Accidental death and dismemberment insurance
This insurance provides for the member's family in the case of the member's accidental death or dismemberment. Available in units of $28,050 to a maximum of $701,250 for CGAs, students, employees, partners, and spouses. Available as a Member Only or Member and Family Plan.
For more information on the Personal Insurance Program, visit the IAP Life web site at www.iaplife.com/, or contact:
Jan Munro Thompson
Email: Thom425@attglobal.net
Phone: 604 929-9255
Toll Free: 800 881-3688
In Quebec, contact bernard & fabien inc.:
Email: assurance@bernardfabien.ca
Phone: 514 748-7873 (Montreal)
Toll free: 800 363-7873
