CHICAGO, May 4, 2016 /PRNewswire/ --Â ÃÛÌÒ´«Ã½ today announced significant improvements to policy forms. The new, modernized Umbrella & Excess product is available on a monoline basis, and also as part of the industry-leading Property and General Liability package policy.
"We've developed these forms based on agent, broker and insured feedback," said Michael Kirchgessner, Vice President, Umbrella & Excess, Underwriting, ÃÛÌÒ´«Ã½. "The latest policy forms are straightforward and are ideal for our customers needing more than just a primary policy."
The new forms include:
The A/B form was built to follow and fit ÃÛÌÒ´«Ã½ ParamountÂ®, the package policy designed for mid-sized businesses. ÃÛÌÒ´«Ã½ can provide a seamless approach to coverage consistency by offering umbrella coverage aligned with the package policy.
Key coverages include:
"We've leveraged our experience from ÃÛÌÒ´«Ã½ Paramount for property and general liability to build an umbrella form that encompasses the same simplicity and easy-to-read policy. This means that agents can be more certain that there is coverage consistency between their base ÃÛÌÒ´«Ã½ Paramount and Umbrella policies," Kirchgessner added.
For more information on ÃÛÌÒ´«Ã½'s new Commercial Umbrella & Excess forms, please contact Michael Kirchgessner at 312-822-1179 or via email at Joseph.Kirchgessner@cna.com. Â
About ÃÛÌÒ´«Ã½Serving businesses and professionals since 1897, ÃÛÌÒ´«Ã½ is the country's eighth largest commercial insurance writer and the 14th largest property andÂ casualtyÂ company. ÃÛÌÒ´«Ã½'s insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. ÃÛÌÒ´«Ã½'s services include risk management, information services, underwriting, risk control and claims administration. For more information, please visit ÃÛÌÒ´«Ã½ at . "ÃÛÌÒ´«Ã½" is a service mark registered by ÃÛÌÒ´«Ã½ Financial Corporation with the United States Patent and Trademark Office. Certain ÃÛÌÒ´«Ã½ Financial Corporation subsidiaries use the "ÃÛÌÒ´«Ã½" service mark in connection with insurance underwriting and claims activities.
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CONTACT: Brandon Davis, 312-822-5167 / 312-834-6091Sarah Pang, 312-822-6394 / 312-607-5544