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About Us

YOUR BEST PARTNER FOR PROFESSIONAL LIABILITY INSURANCE

28,000+

Members protected

35+

Years of experience

8,000+

Claims managed

OUR HISTORY AND MANDATE

When CPAs faced challenges within the insurance market, leaving the public and accountants potentially unprotected, the CPA Professional Liability Insurance (CPA PLI) was formed.

For over 35 years, we’ve worked alongside the National and Regional/Territorial regulators to become the largest professional liability insurance provider, exclusively for CPAs by CPAs. As keepers of the profession, we work daily to protect thousands of accountancy firms, their practitioners, and the public they serve across Canada and Bermuda.

We specialize in professional liability insurance, sometimes called errors and omissions insurance or professional indemnity insurance—exclusively for CPAs, accounting professionals, and firms. Our end-to-end services include in-house underwriting, claims management, and risk education, so you always work with experts who understand your unique needs.

Our professional liability insurance is designed for accountants at every stage of their careers, whether you are starting your practice, leading a firm, or transitioning to retirement. We offer tailored, flexible coverage options that meet regulatory requirements and protect your assets against claims of negligence, errors, or omissions in professional services. Our insurance solutions help you safeguard your reputation and financial security, and the public you serve.

Our rich claims data enables us to anticipate and adapt to new and emerging risks in the accounting profession. We use the information to better the profession in two ways. First, we share insights with our insured members, enabling the profession to proactively avoid or mitigate future losses. Second, we use the insights to design better coverage.

Our commitment extends far beyond simply defending claims. We provide insured members with education and advice, helping avoid and minimize losses altogether. In the event of a claim, our professional liability insurance ensures that both the profession and the public are protected.

OUR VALUE & COMMITMENT

Protecting and defending CPAs against unforeseen losses.

Data-driven risk insight

Expert knowledge

End-to-end protection

Total Assets

Accounted for Primary Logo

Protecting You. Protecting the Public. ACCOUNTED FOR.

In the world of accounting, precision is paramount. At CPA PLI, we understand and embrace these principles, which is why our tagline is crafted with the same level of precision and attention to detail.

ACCOUNTED FOR encapsulates this commitment to thoroughness and assurance. It signifies that every aspect, from the mundane to the most critical, has been meticulously considered and addressed in our end-to-end insurance solutions

CORPORATE GOVERNANCE

CPA Professional Liability Insurance Plan Inc. is a privately held company, created in 1989 for CPAs by CPAs.

As a member of the CPA family network, CPA PLI’s governance structure includes the Board of Directors, Trustees and an inter-provincial Advisory Council comprised of representatives from the regulatory bodies.

Together, the Board and CPA PLI’s executive team are responsible for setting the strategic direction for the company and ensuring successful operational execution.

The Trustees are responsible for ensuring the interests of CPA PLI’s stakeholders. And the Advisory Council actively provides guidance and advice to the Board of Directors and CPA PLI, with a special focus on ensuring protection that serves the interests of both insured members and the public that they serve.

Our Leadership

Katherine Hanratty

CEO
CIP, MBA, ICD.D
Jack Daiter

VP, Claims and Risk Education
B.A., LL.B., LL.M.
Masroor Mufti

Director Finance
CPA, CMA
Kelly Crandell

Program Manager, Underwriting
Taarika Muthukrishnan

Manager, Business Intelligence
Smit Shah

Corporate Secretary
Dean Peterson

Manager, Marketing and Communications

Board of Directors

Robert
Boisjoli

Chairman
FCPA, FCA
Paul
Jaspar

Director
FCPA, FCA
Stanley
Dalrymple

Director
CPA, CA, CAIB
Katherine
Hanratty

CEO
CIP, MBA, ICD.D

Trustees

Gregg
Clifton

EVP
B.A., CPA CA,
CIRP (ret.), ICD.D
Philip
Foucher

Trustee
FCPA, FCA, C.Dir
Phillip
Gaunce

Atlantic Chairman
CPA, CA, CAIB

Advisory Council

Hilary
Rose

FCPA, FCA, ICD.D

Ron
Colucci

FCPA, FCGA, FCCA

Jon
Bridge

CPA

Jason
Trefanenko,

CPA, CGA, CEPA

Katherine Hanratty

CEO

416-204-3385

k.hanratty@cpaplan.ca

Linkedin

Katherine is an accomplished business leader with over 30 years of experience in the property and casualty insurance sector — including executive leadership responsibility across core functions including strategy, sales, distribution, underwriting and claims.

Both strategic and results-driven, Katherine has spent the past decade leading significant transformation for insurers, developing, and executing strategies that promote strong client engagement and thoughtful operational improvement that allow organizations to achieve financial success. 

Jack Daiter

VP, Claims and Risk Education
B.A., LL.B., LL.M.

438-799-8889

j.daiter@cpaplan.ca

Linkedin

Jack is a licensed lawyer in Ontario with over 30 years of experience in handling professional liability claims. He was called to the Bar of Ontario in 1987 and spent the first 10 years of his legal career in private practice as a civil litigator.

In 1997, Jack transitioned in-house to work for the professional liability insurer for lawyers in Ontario, where he spent the next 21 years managing professional liability claims and overseeing an active claims department. He has also adjudicated for the federal government and, more recently, has worked with the professional liability insurer for architects in Ontario.

Masroor Mufti

Director Finance
CPA, CMA

Linkedin

Masroor is an accomplished finance executive and CPA, CMA with more than 22 years of experience in financial leadership, strategic planning, and operational management. Since earning his CMA designation in 2010, he has led transformative initiatives focused on profitability enhancement, operational efficiency, financial governance, and sustainable organizational growth.

His expertise includes financial reporting, treasury management, compliance, budgeting, and system implementation. Throughout his career, he has delivered measurable results across the real estate, banking, distribution, and not-for-profit sectors by strengthening internal controls, optimizing processes, and enabling data-driven decision-making that supports long-term strategic objectives.

Kelly Crandell

Program Manager, Underwriting

416-204-3386

k.crandell@cpaplan.ca

Linkedin

Kelly Crandell is a licensed insurance leader with over 30 years of experience specializing in professional liability insurance, administration, and claims. She oversees day to day underwriting operations, working directly with CPA firms on complex insurance requirements and shepherding and mentoring a team of underwriters within the company.

Throughout her career, Kelly has also held sales and claims roles, providing her with a unique set of skills. Possessing strong communication skills and outgoing personality, she builds effective relationships with insured members and other stakeholders.

Taarika Muthukrishnan

Manager, Business Intelligence

416-204-3391

t.muthukrishnan@cpaplan.ca

Linkedin

Taarika is an accomplished Business Intelligence and Data Analytics professional with more than 10 years of experience at the intersection of business strategy, finance, and technology. She partners with senior leadership to transform complex data into strategic intelligence that informs critical decisions and drives organizational performance.

Her expertise spans enterprise reporting, business performance analytics, data governance, process automation, and executive decision-making support. Leveraging a strong foundation in finance and advanced analytical capabilities, Taarika delivers scalable, data-driven solutions that enhance visibility, optimize operations, and create measurable business value. She is recognized for strengthening data governance, advancing analytics capabilities, and enabling organizations to leverage information as a strategic asset and competitive advantage.

Smit Shah

Corporate Secretary

416-204-3239

Smit.Shah@cpaplan.ca

Linkedin

Smit is an accomplished Corporate Secretary and Corporate Governance professional with over 8 years of international experience. Holding an LL.B. and Company Secretary (CS) designation, he specializes in corporate governance, compliance audits, policy development, and regulatory advisory.

His expertise spans financial services, insurance, and capital markets. Smit has held subject matter expert roles at the Financial Services Regulatory Authority of Ontario (FSRA) and global firms like PwC. He is known for advising boards and senior leadership, driving governance transformation, and ensuring effective compliance with regulatory frameworks across multiple jurisdictions.

Dean Peterson

Manager, Marketing and Communications

416-204-3389

d.peterson@cpaplan.ca

Linkedin

Dean is a marketing and communications leader with over 25 years of experience driving brand growth, digital transformation, and strategic marketing initiatives across the insurance, mobility, aviation, and technology sectors. Known for combining strategic thinking with practical execution, he has led integrated marketing programs that strengthen brand positioning, accelerate demand generation, and support long-term business performance. Throughout his career, Dean has partnered with market-leading brands and organizations deeply committed to their mission, helping translate complex ideas into clear strategies that build trust, engagement, and sustainable growth.

Robert Boisjoli

Chairman FCPA, FCA

Mr. Boisjoli is a managing director of Atwater Financial Group, a company specializing in healthcare investments and startups. Before embarking on his business journey, Mr. Boisjoli devoted more than seven years to public practice, and he spent five years in business valuation.

Over the course of his career, he has co-founded several companies including those in the health and life sciences industries, acted as an advisor to small public companies in the mining industry and has been an investment banker with various Canadian securities firms. Mr. Boisjoli is a board member of various not-for-profit organizations, including the CPA profession.

Paul Jaspar

Director FCPA, FCA

Mr. Jaspar is the President of Magnet Holdings Ltd, a personal investment company. Since obtaining his Chartered Accountant license in 1971 he has been dedicated to the accounting profession.  Mr. Jaspar not only has spent over four decades in public practise, but he has also bolstered the advancement of the profession as a seasoned lecturer at the University of Saskatchewan, the Banff School of Advanced Management, and the Certified General Accountant Program.

In addition, he has extensive volunteer experience for esteemed organizations such as the Canadian Institute of Chartered Accountants and the Institute of Chartered Accountants of Saskatchewan.

Stanley Dalrymple

Director CPA, CA, CAIB

Mr. Dalrymple is the Director of Finance at Arthur J Gallagher Canada Limited, a multi-national insurance brokerage providing clients with insurance and risk management solutions.  Mr. Dalrymple possesses his insurance broker licence in at least five provinces within Canada and has worked as a CPA within the insurance industry for over 25 years. 

Prior to that, he held various accounting-related functions including audit, budgeting and financial analysis. Mr. Dalrymple has committed himself to the profession, volunteering work within the CPA Community over the last 15 years.

Gregg Clifton

EVP
B.A., CPA CA, CIRP (ret.), ICD.D

Mr. Clifton is EVP, Capital Planning and Reinsurance for Sagicor Financial Company Ltd. and its U.S. subsidiary, where he previously served as CFO. He is also Corporate Secretary of Sagicor Life and a director of Sagicor Reinsurance Bermuda Limited.

With over 40 years of experience, Mr. Clifton is President and CEO of Northern Cross Consulting Limited, specializing in M&A and transaction structuring. He previously held executive roles at Aurigen Capital Limited and Munich Reinsurance Company. A Chartered Professional Accountant and Chartered Insolvency and Restructuring Professional, he holds a B.A. in Economics from York University. He is a member of the Institute of Corporate Directors and has served in various committee and trustee roles with CPA Canada.

Philip Foucher

Trustee
FCPA, FCA, C.Dir

Mr. Foucher is a retired partner of KPMG LLP with more than 35 years of experience in public practice. After articling with Deloitte, he co-founded Chan Foucher LeFebvre LLP, which grew to become the largest accounting firm in Northern British Columbia with four offices before merging with KPMG LLP in 2012. His practice focused primarily on the enterprise sector.

Mr. Foucher served for seven years on the CPABC Practice Review and Licensing Committee, including three years as Chair, and later spent fourteen years as the British Columbia representative on the Professional Liability Committee, including two years as Chair. Since 2022, he has been a trustee of the CAIA Trust and a director of various not-for-profit organizations.

Phillip Gaunce

Atlantic Chairman
CPA, CA, CAIB

Mr. Gaunce is Atlantic Chairman of Arthur J. Gallagher Canada Limited, an international insurance brokerage. A Chartered Professional Accountant and member of CPA Nova Scotia, he brings extensive leadership, governance, and financial oversight experience.

Mr. Gaunce served as a director and audit committee member of RediShred Capital Corp. from 2006 to 2025. He has also served on the Board of Governors of Saint Mary’s University and held board and audit committee roles with the IWK Health Centre and the IWK Foundation. Mr. Gaunce earned a Bachelor of Commerce from Saint Mary’s University and obtained his CPA, CA designation in 1986. He is a member of the Institute of Corporate Directors.