Source: CNA — Professional Services Industry
CNA: Professional Services Insurance Appetite
CNA is one of the premier professional services markets in the industry. Their professional liability forms are broad, their cyber coverage is strong, and the package pricing incentivizes full account placement. This should be a primary market for accounting firms, consulting companies, and engineering firms doing $500K-$50M in revenue.
Available Lines
| Line of Business |
|---|
| General Liability |
| Professional Liability |
| Cyber Liability |
| Business Owners Policy (BOP) |
| Workers' Compensation |
| Umbrella/Excess |
| Employment Practices Liability |
Premium Range
$3,000-$25,000
Typical annual premium
Target States
All 50 states
Key Features
- Industry-leading professional liability forms for accountants, consultants, and engineers
- Cyber liability coverage with incident response services included
- Package program that bundles GL, E&O, and cyber for significant premium savings
- EPLI with third-party discrimination coverage available
- Dedicated professional services underwriting team with deep expertise
Limitations
- Law firms handled by a separate CNA Lawyers program with distinct underwriting
- Solo practitioners under $250K revenue may find Hiscox more cost-effective
- Financial advisors and broker-dealers need separate financial institutions coverage
Compare Other Carriers for Professional Services
$1,200-$6,000
$2,000-$15,000
$600-$6,000
$500-$5,000
$2,000-$15,000
$600-$4,000
$2,000-$10,000
$2,000-$12,000
$1,000-$8,000
$1,500-$12,000
$1,500-$10,000
$500-$4,000
$1,000-$7,500
$1,200-$8,000
$2,000-$15,000
$1,000-$7,000
$1,000-$8,000
$900-$6,000
$1,000-$6,000
$2,000-$15,000
$500-$3,000
$3,000-$40,000
$2,000-$20,000
$400-$5,000