4 Reasons why The Canadian Bar Insurance Association (CBIA) Group Insurance Plan is best for law firms
Law firms have unique challenges. Recruiting and retaining dedicated employees is one of the keys to your firm’s success. Providing a competitive employee benefit plan is a tax-effective way to build loyalty and show your employees that you care.
The Canadian Bar Insurance Association has used its decades of experience insuring lawyers to craft the most meaningful, affordable and efficient group benefits plan available to law firms.
Group Insurance providers cannot show an “apples to apples” comparison, as that is no longer possible with the discrepancies in dental fee guides, adjudication practices, and inflation factors.
Many firms choose to make their life easier by choosing a program specifically designed for law firms and their unique needs. The reasons our current clients have chosen this product for their firm are:
1. Cost effective – The pricing is very stable due to the vast population of insureds across Alberta, and Canada. The past several renewals have had 0% change in rates. Most other group benefit insurance plans increase by 6-15% EVERY year.
2. Flexible – You choose the plan design that works best for you- we will assist you with this so you can be sure you get what you think you are getting. You may include orthodontics, as well as coverage for lawyers and staff beyond age 65.
3. Special Lawyer Definitions – the Long-Term Disability plan offers Own Occupation coverage to age 65 for lawyers. This is the best definition for lawyers and most insurance companies will not offer this definition to smaller firms
4. Large firm benefits at small firm pricing – with the support of local expert service teams in Calgary, Red Deer and Edmonton.