What Are the Key Differences Between CNA and Heffernan Insurance Brokers Fidelity Bonds?
Named forms and practice-specific products
CNA names dishonesty, janitorial-services, blanket, scheduled and pension-trust (ERISA) bonds. Heffernan’s Home Care page lists an Employee Dishonesty Bond, while its Family Office page lists a Fidelity/financial institution bond ([1][4][3]). CNA gives buyers a five-category bond list; Heffernan ties two bond names to particular practices. Match the named product to the contract or plan requirement.
Buyer and loss framing
CNA describes fidelity bonds as protecting businesses and their customers against employee-dishonesty losses. Heffernan lists its bond names alongside home-care services and family-office/financial-firm coverages ([1][4][3]). A home-care agency or family office can use those practice-specific labels to start its request, while CNA’s description identifies business and customer losses as the stated exposure. The labels alone do not establish that the forms respond to the same loss.
What Should You Confirm in CNA and Heffernan Insurance Brokers Fidelity Bonds Quotes?
- For the home-care or family-office exposure, which bond form, obligee, covered loss and limit would Heffernan propose?
- Which CNA form and covered parties meet the contract requirement, including any customer property exposure?