For Firms

CPA Insurance Plans West members come to us for their insurance needs, because to attract and retain quality employees you have to offer them the best. That’s why we offer exclusive coverage and low prices you won’t find or wouldn’t be able to afford anywhere else. From small firms building themselves a reputation to established firms with thousands of employees, affordable, flexible coverage is available, whatever position an employee holds in any size of CPA firm.

We provide the best value programs at the lowest rates by using our 40 years of experience to help find you not only the best deals but coverage that’s right for you.

Discover our superior insurance plans for CPA firms and individual CPAs, what we offer, how high your coverage limits can go, and all the key benefits to enjoying our insurance coverage.

NOTE: For the medical emergency travel contact numbers and booklet, click here.

Life, Critical Illness & DisabilityView Details

Term Life Insurance

Term Life Insurance is the most popular kind of life insurance for people to get because it’s affordable, flexible and easy to understand. Term life insurance offers the temporary financial safety net you need. Protect yourself and your family with coverage flexible enough to suit any budget and situation. Choose your benefit level, designate a beneficiary, and discover what we offer to best suit your situation and protect your family.

Accidental Death & Dismemberment

Unfortunately, accidents do happen. It only takes one moment for an accident to occur, but its effects can be felt over a lifetime. If the unexpected occurs, you should have the comfort of knowing your financial future is protected by our AD&D insurance. Protect your future; protect your family’s future. Get extra protection in the event of an accident, resulting in serious injury or loss of life.

Long Term Disability Insurance

If the unfortunate happens and you become disabled and unable to work for an extended period of time, the long term disability (LTD) plan may help replace your earnings until you are able to return to work.

Critical Illness

Medical advances have greatly increased our ability to survive many life-threatening illnesses, but when illness strikes, the financial burden can be as crippling as the physical toll. Many expenses associated with a critical illness are not covered by existing private and public health care plans. Critical Illness is designed to provide financial security when illness puts assets and savings at risk, so you can focus on what’s important – recovering your health. For a full list of coverages, please see the benefits booklet link on the right.

Dependent Term Life Insurance

This optional benefit is selected by the firm for all partners and employees with dependents (spouse and/or children). Dependent Term Life Insurance provides financial protection to you and your loved ones for a monthly premium of $2.00 per family. You, or a designated beneficiary, will receive a $5,000 payment on the death of a dependent covered by this plan.

Product Summary of Coverage
Term Life Insurance Choose, 1, 2, or 3 times earnings
Employee Maximum: $500,000
Minimum benefit, if CPA: $50,000
Premium waives after 6 months of continuous disability
Reduces 50% after age 66
Terminates upon retirement
Conversion privilege under age 65
Premium waiver after 6 months of total disability
NEM based on size of firm
Dependent Life
Spouse $5,000
Child $5,000; Age 14 days to 21 years; Full-time student to age 25
Accidental Death & Dismemberment Coverage is optional
Coverage is equivalent to life insurance
Pays in the event of:

– Accidental death: 100%
– Loss of sight, arms, feet, speech, and hearing 100%
– Paraplegia, hemiplegia, or quadriplegia: 200%
– Loss of one hand or one foot: 80%
– Loss of sight, speech, or hearing in both ears: 75%
– Loss of thumb and index finger, 4 fingers on one hand, or hearing in one ear: 40%
– All toes on one foot: 33.3%
– Critical illness: 10%

Repatriation, rehabilitation, spousal retraining, home & vehicle modification, family transport: up to $15,000
Daycare/education: up to $5,000/4 years
Eyeglasses, contacts, hearing aids: up to $1,000

Long Term Disability Coverage is optional
Choose 60 % or 75%
Coverage at 60% if premiums paid by employee on the 1st $11,668 of & 50% of earnings thereafter
Can choose 75% if paid fully or partly by employer; coverage at 75% of the 1st $11,668 of earnings & 60% of earnings thereafter
Maximum $10,000/monthTotal Disability

– CPAs unable to perform the substantial duties of your own occupation to age 69 & earnings reduced by a minimum of 20% of pre-disability level
– Employees inability to perform the normal duties during the first 24 months and thereafter the complete inability to engage in any gainful occupation

Partial Disability

– CPA’s earnings are reduced by at least 20%
– Employees must be disabled throughout the waiting period

Pre-existing condition of 90 days; exclusion does not apply to a disability which begins more than 12 months after insurance is in effect.

Critical Illness
$30,000
27 covered conditions
Terminates age 65
Pre-existing conditions at time coverage is effective are excluded
NEM firms under 4 employees
Employee Assistance Plan Available if purchased with Long Term Disability
Confidential counselling available to you & your family to assist with a range of personal issues. Contact direct to the EAP provider to maintain confidentiality
Prescription Drugs
Choose 80% or 100% coverage
Pay direct drug card
Includes all drugs
Fertility lifetime maximum $5,000; smoking cessation lifetime maximum $300; erectile dysfunction $1,000 per annum
Vision Care
Choose $200 or $350 coverage; firms may also decline coverage
Eyeglasses, contacts, eye surgery every 24 months for adults; every 12 months under age 18
Eye exams every 12 months
Out of Canada Travel
60 days to a $3,000,000 lifetime maximum under age 65 & $1,000,000 lifetime maximum over age 65

Dependent students studying out of country not subject to 60-day limit

Pre-existing conditions must be stable for 90 days
Other Extended Health No deductible
Paramedical $500 each for acupuncturist, chiropractor, registered clinical psychologist, massage therapist, naturopath, physiotherapist or athletic therapist, podiatrist, osteopath and registered dietician
$1,000 for speech therapist
Hearing aids $500 every 4 years
Ambulance Included
Private nursing $10,000 RN or RNA
Hospital Semi-private rooms
Orthopedics One pair per year
Orthotics $200
Casts, crutches, splints, braces, IUD, oxygen, therapeutic equipment, wheelchairs, ostomy supplies, other medical Included
Wigs and hairpieces $700 lifetime
Second opinion on medical conditions Get an opinion and treatment plan by accessing the latest technologies. Assists with the diagnosis and treatment plan for many medical conditions.
Private Health/Dental Plan
Choose your limit
Purchase as an add-on or standalone plan
A flexible account that enables employees to cover health, dental & other medical costs to a specified dollar maximum chosen. Expenses must conform to CRA approved costs.
Dental
Choose basic services at 80% or 100%
Annual limit of $1,500 per family member
10 or more employees – option to add restorative services at 50%
Annual limit of $1,500 per family member
15 or more employees – option to add orthodontic services at 50%
Lifetime maximum of $2,500 for a dependent child under the age of 18
Get A Quote or call 1-800-661-6430

Extended Health & DentalView Details

Don’t be out of pocket; let our superior Extended Health and Dental coverage pick up where your current plans end. We can ensure that you and your family are able to face the financial burden of any unexpected medical issue that may occur. It removes that extra layer of worry during an already stressful time. You can even submit your claims online!

Extended Health Care Benefits

The health of your workforce is a key to your success and you want to help them stay healthy. This is an optional benefit for firms that have chosen the term life and long-term disability insurance. Benefits are payable for expenses that are medically necessary and are not paid under any government plan, including prescribed drugs and medicines, specialists and other services.

Dental Care

We want you to keep your employees and their families smiling, so we offer this optional benefit for CPA firms that have chosen the term life and long term disability insurance. There are three levels of dental care service available, so your firm can get the right coverage, whatever its size.

Medical Second Opinion

The right healthcare decisions can make a critical, even life-saving, difference. CPA Insurance Plans West offers an innovative medical consultation service that connects you to the world’s leading medical centres and experts. Work with your physician to determine a diagnosis and help to devise your own treatment plan for many medical conditions. You’ll have access to the vast knowledge and expertise of a global database of 50,000 peer-ranked specialists.

Product Summary of Coverage
Extended Health Choose prescription drugs at 100% or 80%; other benefits other benefits reimbursed as follows No deductible
Prescription drugs Pay direct drug card
Includes all drugs
Fertility lifetime maximum $5,000; smoking cessation lifetime maximum $300; erectile dysfunction $ 1000 per annum
Paramedical $500 – each of acupuncturist, chiropractor, registered clinical psychologist, massage therapist, naturopath, physiotherapist or athletic therapist, podiatrist, osteopath and registered dietician
$1,000 – speech therapist
Hearing aids $500 every 4 years
Ambulance Included
Private nursing $10,000 RN or RNA
Hospital Semi-private rooms
Orthopedics One pair per year
Orthotics $200
Oxygen, blood products Included
Artificial limbs, eyes, crutches, splints, casts, trusses, braces, IUD Included
Ostomy supplies Included
Mastectomy bras, stump socks, surgical stockings Included
Therapeutic equipment, wheelchairs, hospital beds Included
Wigs and hairpieces $700 lifetime
Vision care Eyeglasses, contacts, eye surgery – $350 every 24 months for adults; every 12 months under age 18
Eye exams – Every 12 months
Travel Out of Country 60 days to a $3,000,000 lifetime maximum under age 65 & $1,000,000 lifetime maximum over age 65 Dependent students studying out of country not subject to 60-day limit
Second opinion on medical conditions Get an opinion and treatment plan by accessing the latest technologies. Assists with the diagnosis and treatment plan for many medical conditions.
Private medical/dental plan Choose your limit

Purchase as an add-on or stand alone plan

A flexible account that enables employees to cover health, dental & other medical costs to a specified dollar maximum chosen. Expenses must conform to CRA approved costs.
Dental Choose basic services at 80 % or 100% – $1,500 per individual annually

10 or more employees – option to add restorative services at 50% – $1,500 per individual

15 or more employees – option to add orthodontic services at 50% – lifetime maximum $2,500 dependent child

Get A Quote or call 1-800-661-6430

Office ContentsView Details

Your employees aren’t the only assets in your business. Save money on your office insurance policy and protect your office equipment on and off site. CPA Insurance Plan West offers a comprehensive office contents insurance package to help protect your business.

Call 1-800-690-7475

Custom Group PlansView Details

Whatever your business size and whatever you require of your insurance – we can make it work! Discover how you can customize your group plan with CPA Insurance Plans West.

For a Custom Quote, please call 1-800-661-6430

Background - Firm Insurance