The Open Brokerage unit of CNA has added a new Fiduciary Liability Solutions policy form that provides insurance on a standalone basis and includes some of the most current coverages available.
The Fiduciary Liability Solutions form has been developed in response to recent scrutiny on the Pension Benefit Guaranty Corporation and the prevalence of tag-along securities and ERISA claims in conjunction with directors and officers coverage. Highlights of this new form include improved terms; expanded definitions; and a reduction in the exclusions.
The Open Brokerage’s product suite also includes Side A coverage, Management Liability Solutions (an enhanced D&O form), and EPL Solutions. Further announcements are scheduled to highlight Management Liability/EPL for Law Firms, as well as Management Liability for Private Equity Firms, Hedge Funds, and Real Estate Investment Trusts.
For additional information, call your local agent or visit the website at http://www.cnapro.com/html/Our_Products/OurProducts_Fiduciary.html.
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