May 7, 2020
To address the economic impacts of COVID-19, the CPA is introducing the CPA Member Relief Package 2020. This includes membership and liability insurance discounts and alternate payment arrangements for members in 2020. We have leveraged the CPA Insurance Reserve Fund to ensure the profession and community remains strong heading into 2021 and the new post-COVID reality.
The CPA will be offering a 40% discount on Professional Liability Insurance policies for new and returning CPA members in the 2020 registration and renewal period.
The CPA has been fortunate that, since 2009, its members have been participating in a for-member by-member insurance program.
In addition to providing the most cost-effective and comprehensive insurance products that offer specialized coverage designed to meet the needs of physiotherapists, physiotherapist assistants, and physical rehabilitation specialists, the CPA program is structured to support members in exceptional circumstances, such as the current COVID-19 pandemic.
Unlike other insurance programs where profits are retained by the insurance company, we worked with our broker, BMS Canada Risk Services Ltd., to design a program structure that would benefit our insured members, with a portion of funds returned to the CPA in years of low claims activity. These funds are held in the CPA Insurance Reserve Fund on behalf of the program and our participating members. Given the unprecedented impact of COVID-19 and the needs of our members, the CPA has decided to utilize these funds to support you when you need it most.
The CPA Member Relief Package 2020 has been developed to ensure our members are still able to access their Professional Liability Insurance, critical member benefits offered by the CPA, and a continued sense of belonging in our community of physiotherapists, physiotherapist assistants, and physical rehabilitation therapists through tumultuous times which have had an impact on businesses’ and individuals’ bottom line.
CPA Professional Liability Fees:
Option A: $235 >>> with 40% discount $139
Option B: $298 >>> with 40% discount $177
In addition to the 40% Professional Liability Insurance discount, the CPA will roll out additional financial relief to support the member through two options:
Option 1: Free Monthly Payments
- The CPA waives all administrative fees related to paying national and branch fees through monthly installments over the course of the 2020/2021 Membership year
- 40% off Professional Liability Insurance
Option 2: 15% off National Fees
- The CPA offers any members paying their entire fees up-front 15% off their national fees
- 40% off Professional Liability Insurance
These options will be available to new and returning members of the CPA and will only be available for those members registering or renewing before the October 1, 2020 deadline. The Member Relief Package 2020 cannot be combined with any other offers.
The CPA will make more details and specifics available in the near future.