Volume 7 • 2020 • Issue 4

CDSPI is a not-for-profit organization whose mission is to provide a broad and meaningful range of customized financial solutions to the dental community, covering every facet of their lives. coverage if a patient alleges the virus was contracted at the dental office due to the dentist’s negligence. Provided the insured is acting within the scope of the dentist’s licence, the policy, subject to its terms and conditions, would respond to allegations of negligence as a result of their treatment. CDSPI provides financial planning advice to dentists. How has COVID-19 affected investments? As you can imagine, there’s been a fair amount of concern as markets have been extremely volatile for the past few months. Our investment advisors** have been in close contact with their clients, providing perspectives on market behaviour, and counselling them to stay focused on their long-term financial plans. The majority of clients have taken this advice to heart. It’s also important to provide timely information and expert opinions during uncertain times. We post regular updates, videos, podcasts and webinars from our partners. This includes fund managers, our accounting partner, MNP, and senior executives at Cumberland Private Wealth, our partner for dentists seeking private wealth management. This is a stressful time for dentists. What advice do you have for dentists? Fear and uncertainty over the coronavirus can take a toll on our health and well-being. Stress is at the forefront for many dentists and their staff, as practices have been deeply impacted by the pandemic. My advice to dentists is to take full advantage of the CDSPI Members’ Assistance Program (MAP). 5 It’s confidential, accessible 24/7 and provides counselling, resources and other services to help you, your staff and family members cope with the pandemic. Contact information is on our website at cdspi.com/MAP . Ed Dermit President, CDSPI * If you cannot work because you have tested positive for COVID-19, we will consider the period of quarantine prior to the test result (to a maximum of 14 days) as part of the normal elimination period for your benefits. Disability and business overhead expense policies do not provide benefits related to COVID-19 such as unemployment, workplace disruption, or loss of business because of preventative measures recommended or required by federal, provincial or local governments. ** Advisory services are provided by licensed advisors at CDSPI Advisory Services Inc. Restrictions may apply to advisory services in certain jurisdictions. 1. TripleGuard™ Insurance is underwritten by Aviva Insurance Company of Canada. 2,3. DisabilityGuard™ Insurance and Office Overhead Expense Insurance are underwritten by The Manufacturers Life Insurance Company (Manulife), P.O. Box 670, Stn. Waterloo, Waterloo, ON N2J 4B8. 4. Malpractice Insurance is underwritten by Aviva Insurance Company of Canada. 5. MAP is operated by Shepell, the largest Canadian-based Employee and Family Assistance provider in the country. Available services vary by region. Use of MAP services is completely confidential within the limits of the law. For the latest updates, visit cdspi.com/covid19 S upporting Y our P ractice 31 Issue 4 | 2020 |