Review this detailed, annotated version of the new CNA Professional Liability policy (2015) that compares the new CNA policy with five other insurance carriers: Beazley, RLI, Travelers, Berkley and ACE.
The major difficulty in comparing coverage between different insurance carriers is that there is no standard form as a basis for insurers to start with when composing their policies. Policies are all very different while proclaiming they provide the same protection. Since the CNA form addresses both “rectification expense” and pre-claims assistance, they were reviewed in this analysis. It is also critical that the architect review the definition of “professional services” closely to make certain all of the firm functions are contemplated in the definition.
This overview provides guidance on some of the coverage and pricing differences between the various forms to help you understand what to look for when purchasing a professional liability insurance policy.