CNA Financial has enhanced the policy forms for its Bankers' Professional Liability and Insurance Company Errors & Omissions Solutions coverages.
The company said that the enhanced policies include many of the most up-to-date coverages available in the marketplace including modernized forms, broad professional services definitions, and changes to terms and exclusions.
The new Bankers’ Professional Liability (BPL) and monoline Insurance Company Errors & Omissions (E&O) Solutions policy forms provide a professional liability approach to banking institutions and insurance companies, said Tom Kocaj, vice president of underwriting at CNA.
For both coverages CNA offers limits up to $15 million. The BPL is targeted to banks with $1 billion or more in assets; while Insurance Company E&O Solutions is targeted to all insurance companies other than managed care providers and title insurance companies.