CGA practitioner 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. Liability insurance is mandated for all public practitioners in Canada.
Through the CGA Practitioner Liability Insurance Program, CGAs are offered 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 practitioner 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 Practitioner Liability Insurance Program, please contact:
Aon Reed Stenhouse Inc.
Phone: 1-866 710-5887 (exclusive to CGAs)
Facsimile: 416 868-5580
CGA employee benefit program
The CGA Association provides CGAs, their employees, and families with an employee benefit program designed to be flexible and comprehensive.
CGAs in public practice and their permanent employees, working at least 20 hours per week, are eligible to apply for this employee benefit program.
Program Requirements
Each firm chooses the benefits it wishes to provide. However, each firm must have a core package before optional benefits can be added.
The core package consists of:
- Basic Life Insurance
- Basic Accidental Death and Disablement Insurance (A.D.&D.)
- Long-term Disability Insurance (LTD)
The optional package consists of:
- Extended Health Care
- Dental Care
- Short-term Disability Insurance
- Critical Illness
- Dependent Life Insurance
- Optional Life Insurance (available to employee and/or spouse)
- Optional Accidental Death and Disablement Insurance (available to employee and dependents)
- Optional Critical Illness (available to employee and/or dependents)
Some unique features of CGA's benefits program
- A.D.&D. has a real focus on Disablement, with benefit provisions for Para, Quadra, and Hemiplegia paid at 200%, and additional benefits available for home modification, lift devices, rehabilitation, and so on.
- LTD coverage provides Own Occupation definitions for CGAs, and has provisions for Total and Partial Disabilities. Total Disability never has to exist to become entitled to a benefit payment.
- Optional A.D.&D. and Optional Critical Illness coverages are available without medical evidence.
For assistance in selecting appropriate coverage, contact:
Johnstone's Benefits
3095 Woodbine Drive
North Vancouver, BC V7R 2S3
Website: www.jbenefits.com
Email: heather.gordon@jbenefits.com
Phone: 604 980-6227
Toll free: 800 432-9707
Fax: 604 983-2935
In Quebec, contact bernard & fabien inc.:
Website: www.bernardfabien.ca
Email: assurance@bernardfabien.ca
Phone: 514 748-7873 (Montreal)
Toll free: 800 383-7873
IAP personal insurance program
The CGA Association offers CGAs and students a quality, low-cost personal insurance program through Industrial Alliance Pacific Insurance and Financial Services Inc. (IAP).
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.
The plan is available to CGAs, employees/partners, spouses, and students in units of $25,000 to a maximum of $300,000, payable in a tax-free lump sum payment. Twenty-five medical conditions are covered.
Term life insurance
Term life insurance provides members with basic life insurance needs. Insurance is available in units of $25,000 to a maximum of $2,000,000 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 (0 to 7, 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. It is available in units of $25,000 to a maximum of $1,000,000 for CGAs, students, employees, partners, and spouses. It is available as a Member Only or Member and Family Plan.
For more information on the Personal Insurance Program, visit the IAP website at www.iapacific.com/cga, or contact:
Jan Munro Thompson
Email: Thom425@attglobal.net
Phone: 604 929-9255
Toll Free: 800 881-3688
In Quebec, contact bernard & fabien inc.:
Website: www.bernardfabien.ca
Email: assurance@bernardfabien.ca
Phone: 514 748-7873 (Montreal)
Toll free: 800 383-7873
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