CNA Paramount® – The Package Policy for Mid-Sized Businesses
CNA Paramount® is a robust coverage solution for mid-sized
businesses. We’ve integrated essential and critical coverages into a single,
uncomplicated package, backed by the resources and financial strength of an
international carrier.
CNA Paramount® offers property and general liability combined with industry-specific extension endorsements to provide a package policy that reflects today’s modern business
risks. Flexible, customizable yet simple to understand, it’s our expertise, neatly packaged.
Coverage Highlights
- Additional insureds making it easier to access general liability coverage for the most common categories of additional insureds in key industries.
- Primary and non-contributory wording for additional insureds to help Named Insureds remain in compliance with certain risk shifting provisions in their contracts.
- Broad knowledge of occurrence/notice of occurrence to aid in preventing a Named Insured from being penalized when an employee in a non-authoritative role fails to elevate a claim.
- Broad Named Insured extending coverage, under certain circumstances, to existing or newly acquired entities where the Named Insured has management control.
- Waiver of subrogation – blanket to waive the insurer’s right of recovery against a third party when the Named Insured has agreed in writing to do so.
- Electronic data processing equipment as part of the Personal Property limit, providing a more accurate level of coverage for today’s modern business.
- Equipment breakdown with coverage for Utility Interruption (if business income coverage is provided), Perishable or Contaminated Property and Contaminants or Pollutants Additional Costs and Expenses.
- Expediting expenses with limits separate from extra-expense coverage, to help ensure customers have the ability to replace property as quickly as they need it to keep their businesses running.
- Contractual penalties to reimburse contractual fees or penalties incurred by the insured that arise from delays resulting from a covered loss.
- Research and development to pay for restoration expenses and lost business income if an insured event delays R&D or destroys vital experiments.
- Business crime coverages for Employee Theft Money and Securities and Forgery or Alteration coverages.
Download the PDF
Effective and supportive claim handling
Our professionals are here for
support whenever you need them — across the country and around the clock. Claims are reported through a single point of entry that’s available
24/7, connecting the right people and services to help get businesses back up
and running.
Learn more about our
specialized claim services.
CNA Risk Control services from
the only organization with UL Recognized Risk Engineers.
We collaborate with business leaders to develop customized programs that help safeguard assets, protect workers and improve the bottom line. Learn more about how CNA’s risk control services can help your clients.
When it comes to
business insurance ... we can show you more.