CNA is a commercial insurance company that provides protection coverages to businesses and professionals across the United States. Its products include business interruption, cyber risk solution, commercial general liability, property, workers’ compensation, management liability, commercial auto insurance, and more. Its costs are customized, and it’s best for businesses looking for professional liability coverage.
CNA Pros and Cons
Specializes in commercial insurance
Does not offer an online quotation
Provides great workers’ compensation resources
Does not have any recent customer reviews
Who CNA Is Best For
- Companies looking for professional liability coverage: CNA is the market leader for professional liability insurance, which can be added to its business owner’s policy (BOP) or as an endorsement to standalone policies.
- Those who are looking for insurance providers that are strictly covering commercial interest: Since CNA focuses on commercial insurance products, it has developed an expertise in determining different business needs and has come up with more comprehensive coverages compared to similar providers.
- Larger companies: While it offers a wide range of insurance solutions for almost all types of business, it works best for bigger companies since its policies consist of comprehensive features that may not be beneficial to smaller ventures.
CNA pricing information is not readily available on its website. However, according to a third-party source, it’s average premiums are anywhere from $29 to $119 per month. If you are interested to get a personalized quote, then you can use CNA’s agent finder on its website where you can get matched with its agents and brokers nationwide to discuss the insurance needs of your business.
CNA Alternatives 2020
Industry-leading customer care and specialized packages at competitive prices
All industry-specific general liability, professional liability, and workers' compensation
Independent contractors and sole proprietors who seek coverage tailored to professional needs
Delivery and transportation businesses that require affordable commercial auto insurance
Pay-as-you-go workers’ compensation and liquor liability
Startups that have raised capital and need directors and officers policies and cannabis insurance
Time-strapped business owners who want to be matched with a local carrier immediately
Life and disability insurance
CNA Business Insurance Coverages
CNA has a variety of leading commercial insurance coverages tailored to your business needs. Below are some of its most popular insurance solutions discussed in detail.
Professional Liability Insurance (PLI)
Also known as errors & omissions Insurance (E&O), this is considered to be CNA’s flagship product. It provides coverage against claims of negligence or mistakes that cause financial harm to another person or company. Policies typically cover both the policyholder’s obligation to pay damages for covered claims as well as the cost to defend against such claims.
Business Package Policy
Called CNA Paramount, it is a premier coverage solution that integrates essential and critical coverages into one simple package and is enhanced with an umbrella policy. It can be tailored according to your business needs and may include coverages, such as property, crime, and general liability, among others.
Commercial General Liability
This coverage works best for larger businesses that need to be insured against liability for injury or property damage as a result of daily business operations. It provides coverages that address incidents, such as slips, trips, falls, or property damage, and provides for amounts you may become legally obligated to pay as damages to third parties.
This coverage provides your business with a safety net for work-related accidents or illnesses and covers expenses and wage replacement for employees. What makes CNA’s workers’ comp policy better is its School of Risk Control Excellence (SORCE) and Return-to-Work program, which can help you and your staff better manage your workers’ compensation exposure and reduce your total cost of risk.
Cyber Risk Solutions
Its cyber liability insurance helps your business identify, mitigate, and respond to persistent and emerging cyber threats. The insurer offers multiple cyber coverages, which include CNA CyberPrep. CNA CyberPrep provides a network of top cybersecurity professionals and services included as a value-added part of your CNA coverages.
CNA’s services are designed to make its clients’ experience easier. Listed below are some of its most notable services.
- Policyholder’s portal
- Litigation counsel
- 24/7 claim services
- Direct billing services
- Risk control services
- Special investigations unit
- Workers’ compensation medical provider network
Most Helpful CNA Reviews
There are no recent CNA reviews available online as of this article’s writing (May 7, 2020). If you are a past or current CNA client, then leave a review to help other business owners who are deciding whether or not to use the company.
CNA Frequently Asked Questions (FAQs)
Every business situation is unique, and small business owners should seek out answers before selecting an insurance provider. We’ve gathered some of the most frequently asked questions about CNA below and answered them.
How can CNA policyholders file a claim?
CNA policyholders can file for a claim through its website. They can select their claim type, and the page will list a variety of options for filing. Policyholders who opt to file online will be prompted to provide the required information, such as the policy number.
What industries does CNA cater to?
It services various industries, with the following being its top industries: professional services, construction, education, financial, health care, manufacturing, real estate, retail, technology, and wholesale distribution, among others.
Our Top Business Insurance Provider Picks
In case you still are not sure if CNA is right for you, then this article on the best small business insurance companies is a review of our top choices. In this guide, we reviewed several providers and narrowed them down to our top picks based on key criteria like coverage types, customer service, and pricing.