NEW – Changes to insurance requirements and new group insurance program

On November 1, 2021, the CPA/PTI announced changes to its insurance requirements and rolled out a new group insurance program designed to create efficiencies for independent trainers across the country.

Starting January 1, 2022, the CPA/PTI will require trainers to maintain insurance coverage of $2 million in Commercial General Liability and at least $1 million in Professional Liability, also known as Errors and Omissions coverage. This change was decided upon after careful review by the CPA’s legal counsel and insurance consultants. The professional liability coverage will protect the trainers and the CPA/PTI in the event of any litigation that finds errors or omissions within the training process.

At the same time, the CPA/PTI rolled out a group insurance program to all trainers across the country. The program partner, BFL Canada, is a leading insurance brokerage and one of Canada’s top insurance providers. The company has created and operates numerous similar group insurance programs for industry and professional associations across the country.

The BFL program is accessed through a web portal attached to the CPA website. PTI is automatically notified when trainers access a policy through the program and eliminates the need to provide PTI with proof of insurance.

The PTI recognizes that most member companies, particularly those insured through an ERAC plan and are adequately insured, will not require this coverage. However, those member companies that are not plan participants of ERAC can also access the insurance portal and get a competitive bid on insurance coverage that may go beyond their training needs.

The BFL portal is available here

For more information, contact PTI Executive Director Bruce Leslie.