SPECIAL PARTNERSHIP BETWEEN Québec FONDs
ACPAI1 has a special partnership with the Fonds d’assurance de la responsabilité professionnelle des CPA du Québec (Québec Fonds) to ensure robust insurance coverage for Québec CPAs.
The excess coverage provided by ACPAI extends the limits offered by the Québec Fonds (from $1M to $10M), and, unlike other solutions, it compliments the Fonds’ policy by expanding its coverage. For example, when you have a policy with both the Fonds and ACPAI, you may have protection when services are provided outside of Canada. Together, we ensure you receive the most comprehensive protection available.
WHY CHOOSE ACPAI INSURANCE?
No One Knows You Better
Exclusively crafted by CPAs for CPAs, our risk education, insurance coverage, and claims expertise are tailored to the profession.
Coverage that Fits
Our coverage is broad. We offer a complete range of solutions for firms and practitioners at every stage of their careers.
CPA Family Network
As a member of the CPA family network, we are uniquely positioned to collaborate closely with national and regional regulators.
Stable Competitive Pricing
Our pricing is transparent, simple, and predictable.
Advocates for the Profession
We harness the interests of over 9,000 CPA firms to advocate tirelessly to meet the insurance interests of the profession.
Data-driven
We leverage insights from thousands of claims to inform invaluable accounting-specific risk education and advice.
INSURANCE COVERAGE REQUIREMENTS
Members of the Ordre who offer professional services through joint stock or limited liability partnership (S.E.N.C.R.L.) must acquire an excess insurance policy in accordance with the Regulation governing the practice of the CPA Québec profession within a partnership or joint-stock company. This requirement ensures compliance while upholding the standards of the profession. The regulations established by the Québec governing body contain requirements with respect to professional liability insurance. Requirements may stipulate minimum mandatory limits, proof of insurance, and obligations after retirement. Understanding and adhering to the by-laws and regulations is vital. It allows you to practice and it protects you and the clients you serve.
For your convenience, please find the link to CPA Québec for more information.
ACPAI INSURANCE COVERAGE FEATURES
- Ability to extend coverage beyond the $1 million offered by the Québec Fonds up to $10 million.
- Robust claims limits, meeting the needs of most CPA firms.
- Various deductible options as a means of controlling premium costs.
- No/low-cost retirement solution for qualifying members.
- Seamless coverage for services provided across a wide geographic territory.
- A special solution for volunteer work. Coverage for directors or officers serving on external non-profit boards.
Talk to a Program Representative or review the policy documents for a complete view of coverage features.