What Are the Key Differences Between CNA and Insureon Fidelity Bonds?
Form list and described loss
CNA’s fidelity portfolio names dishonesty, janitorial-services, blanket, scheduled and pension-trust (ERISA) bonds ([1]). Insureon describes a fidelity bond as addressing employee dishonesty involving a client or another party and distinguishes it from ordinary surety bonds ([2]). The form list and loss description answer different buyer questions: which type is being requested, and whose loss must be addressed. Match both to the contract or plan requirement.
Quote detail and buyer fit
Insureon positions bonds for small businesses and names example trades, but its overview says it does not establish which applicants or jurisdictions qualify for a particular quote ([2]). CNA’s listed forms do not themselves set buyer eligibility, limits or exclusions ([1]). Ask the quoting contact to identify the surety, bond form, required obligee and amount before treating either overview as a coverage determination.
What Should You Confirm in CNA and Insureon Fidelity Bonds Quotes?
- Which Insureon bond form and insurer would be proposed for your client or other-party exposure, and what eligibility applies in your jurisdiction?
- Which CNA form and obligee wording meet the requirement, including the amount and covered dishonest acts?