1. A member of the Ordre professionnel des comptables en management accrédités du Québec who practises full or part time in a private practice, on the member’s own account or for the account of a partnership of members, shall contribute to an insurance contract establishing coverage against any liability the member may incur as a result of faults or negligence committed in the practice of the profession.
The insurance contract may be entered into in the name of a partnership of members, but the coverage shall extend to each of the partners or employees individually.
Where a member employs other members, the coverage shall extend to each of the employed members individually.