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  Management and Professional Liability
   
 

CNA is committed to providing companies with innovative ways to manage the growing liability risks they face. Our insurance products and programs are designed to minimize potential risks by closely matching coverages to the specific needs of the insured.
 

CNA has over 40 years experience of writing Management & Professional Liability coverages. We offer a broad array of industry leading products, as well as experienced and talented underwriters whose goal is to meet client expectations. Our aim is to help clients better recognize their specific needs and then craft solutions that combine quality protection with competitive pricing.


In this increasingly litigious society, businesses face risks that were unheard of just a few short years ago. Often, general liability policies do not cover specific exposures that could lead to devastating judgments and even financial ruin.  We are committed to delivering quality products at competitive prices through prudent underwriting, superior servicing, expert claims handling and innovative solutions.  In addition to products which are listed below, we offer the following packages.

  • Epack provides the flexibility of integrating coverages that cover a wide range of insurance exposures including Employment Practices Liability, Miscellaneous Professional Liability, Directors & Officers Liability and Fiduciary Liability.  Buyers can select either a multi-line package that combines two or more of these coverages, or simply purchase a stand-alone policy.
  • Epack EZ protects small businesses with up to 50 employees and $10 million in assets or less.  It can be purchased as an EPL stand-alone policy or a combination EPL, D&O and Fiduciary policy.  Epack EZ offers quality protection for small businesses while offering a quick and EZ way of obtaining coverage.

We offer the following products:

  • Employment Practices Liability (EPL) protects companies and individuals against loss (damages and defense costs) arising out of employment practice disputes. Common claims allege discrimination, sexual harassment, wrongful termination, and wrongful discipline.
  • Directors and Officers Liability (D&O) protects directors and officers of public, private, and not-for-profit corporations against loss (damages and defense costs) arising out of their status or conduct as directors or officers. Common claims allege breach of duty, security law violations, and unfair competition. 
  • Fiduciary Liability protects fiduciaries (as defined by ERISA) against loss (damages and defense costs) arising from the administration and management of employee benefit and pension plans. Common claims allege ERISA violations, negligent advice, careless plan management, and errors and omissions.
  • Professional Liability/Errors & Omissions (E&O) protects companies and individuals against loss (damages and defense costs) resulting from acts, errors or omissions in their performance of professional duties. Common claims allege negligence, misrepresentation, design errors, violation of good faith and fair dealing and inaccurate advice.
  • Cyber Liability and CNA NetProtect Products modern businesses rely on electronic data, computers and networks to support critical operations and better serve customers.  Think about it: Do your clients use e-mail; store data, including private information on computers; generate revenue online; or use their network to control production, manufacturing, inventory or a supply chain?  If so, then your clients are at risk if they don't have information risk coverage.
  • Technology Insurance Solutions offers a portfolio of product coverages, which are customized to address this market segment.  We had in excess of $175M in GWP in 2006 and are planning for significant growth during the next few years by creating a focused organization, offering this unique portfolio, and partnering with key producers.
  • Fidelity/Comprehensive Crime Insurance protects organizations and financial institutions from loss of money, securities, or other property resulting from crime. Common claims allege employee dishonesty, forgery, robbery, safe burglary, computer fraud, wire transfer fraud, counterfeiting, and other criminal acts. 
  • ERISA Insurance reimburses covered plans for loss due to fraud by a trustee, officer, employee, administrator or a manager, except an administrator or a manager who is an independent contractor.  Coverage is available as an endorsement to our Comprehensive Crime Policy.  Third Party ERISA is available on a stand-alone basis and includes administrators or managers who are independent contractors.
  • Transaction Facilitation Insurance (TFI) products provide an insurance solution to obstacles or "deal issues" that impede or prevent the closing of transactions such as acquisitions, asset sales, cross-border transactions, financings, investments, mergers, restructurings or reorganizations. TFI products include Contingency Insurance, Tax Opinion and Tax Issue Insurance, and Representations & Warranties Insurance.

For more information please click on a product.

 

   


 
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