Policy Addressing Needs of Small to Mid-Sized Private Companies
The policy offers applicants the flexibility to purchase a single coverage or a combination of two or more coverages. Policyholders can obtain limits and retentions for individual coverages or share them between coverages.
Additional features of this policy include the service provider's duty to defend, providing small to mid-size companies with an extra measure of security. In addition, the insured is free to continue the day to day affairs of the business, while the provider assumes all obligations of investigating and defending covered claims. Punitive damages are also covered, where insurable by law, and there are no exclusions for acts occurring prior to the policy period for most coverage parts. Coverage for bankruptcy proceedings and spousal liability is also automatically included.
CNA Financial Corporation, CNA Plaza, Chicago, IL 60685. 312-822-5000. Fax: 312-755-5111.