CNA Surety Bonds

In business for more than a half century, CNA Surety Corporation provides surety products throughout the United States and abroad. The company prides itself in providing custom tailored solutions in contract and commercial surety bonds no matter the size. Working through more than 37,000 independent producers which include brokers and multi-line producers, CNA Surety Bonds are available in all 50 states.

CNA Contract Bonds
Contract bonds provided by CNA are for contractors that have sales up to $200 million annually with a FAST-Track solution for those smaller contractors who only need single bonds up to $250,000 or a total bond program up to $500,000. The FAST-Track application is a quick and easy one page form which requires no financial statements, providing an extremely rapid turn-around time. Common types of contract bonds underwritten by CNA include Payment Bonds, Bid Bonds, Maintenance Bonds, Performance Bonds and Supply Bonds.

Fidelity Bonds
Many businesses find that the majority of loss experienced is through employee dishonesty. CNA underwrites fidelity bonds to protect against employee theft, more or less guaranteeing that they won’t steal. Fidelity Bonds underwritten by CNA include:

  • Employee Dishonesty Bonds
  • Janitorial Services Bonds
  • ERISA Pension/Trust Bonds

Fidelity bond applications must be submitted through independent insurance agents that are licensed to deal with CNA surety products.

Errors & Omissions Insurance
There are times when innocent mistakes made by professionals cost consumers or tax payers time and money. For this reason Errors & Omissions insurance is of vital importance. While it is the professional who carries the bond, it is actually in force to protect the general public. Errors & Omissions Insurance is underwritten by CNA for the following fields:

  • Notary Public Bonds
  • Tax Preparers Bonds

It is important to note that all applications for contract bonds must be made through independent agents around the country and not directly to CNA. States that have special application procedures for Tax Preparers’ Professional Liability are Florida, Louisiana, Mane, New Hampshire, New York and Virginia.

CNA Commercial Surety Bonds
A commercial surety bond is underwritten for license and permits, public officials, judicial and fiduciary bonds. These bonds relate to anything other than performance or contract bonds and they cover obligations that are usually required by laws and/or regulations in a given state or region. One thing to be aware of is that a commercial surety bond, by its very nature, is unique to a given set of circumstances. Within this category of bonds are Commercial Blanket Bonds that cover a specific amount of money to guard against employee dishonesty no matter if only one employee is involved in the theft/loss or multiple employees are involved in the loss. The maximum amount covered is the amount of the surety bond underwritten.

Mission of CNA Surety Corporation
CNA Surety makes it their mission to be flexible and responsive to the needs of each and every one of their customers. They have solutions tailored to virtually any segment of the market which is the reason for decades of success in the industry. Relationships are the fundamental core of their mission statement with an emphasis on trust and open lines of communication. With this philosophy and a willingness to be flexible and responsive, CNA has a history of long-lasting relationships with clients and independent agents alike.

No matter what business you happen to be in, chances are you will need a surety bond at one time or another. For this reason a company like CNA that has been in business for more than fifty years and has built a reputation for fair and honest dealings is a logical place to turn when you are in need of a contract bond, commercial bond, fidelity bond or errors & omissions insurance.

Comments are closed.