What Are the Key Differences Between CNA and Liberty Mutual Fidelity Bonds?
Specific bond types and a broad catalogue entry
CNA identifies dishonesty, janitorial-services, blanket, scheduled and pension-trust (ERISA) bonds in its fidelity portfolio ([1]). Liberty Mutual Surety lists fidelity among commercial bond solutions, while its recorded claim says the overview does not identify a particular form for a buyer ([2]). If a contract or plan names a required bond, the buyer needs Liberty Mutual’s proposed form and covered obligation to compare it with CNA’s named categories.
Coverage description and terms to obtain
CNA describes fidelity bonds as protection for businesses and their customers against employee-dishonesty losses ([1]). Liberty Mutual’s commercial-bond overview lists fidelity as a solution but does not describe the covered obligation or claim trigger for a particular fidelity bond ([2]). This distinction concerns what the reviewed descriptions establish; it does not determine what Liberty Mutual may quote. Obtain the actual bond form, obligee and claim trigger.
What Should You Confirm in CNA and Liberty Mutual Fidelity Bonds Quotes?
- Which Liberty Mutual fidelity form and covered obligation would be proposed, and who is the obligee?
- Does the CNA bond wording cover the loss and obligee required by your contract or plan, at the required amount?