CNA vs Markel Insurance: How Do They Compare for Fiduciary Liability Insurance?

CNA says its 2025 fiduciary offering is written for public, private and nonprofit organizations, subject to underwriting. Markel identifies private companies, not-for-profits and employee-plan fiduciaries as intended audiences, with class eligibility depending on the policy. ^4,⁷

CNA Small Business Insurance: Products, Agents and Service

CNA directs small-business buyers to independent agents and describes CNA Connect as a businessowners policy for more than 600 small-business classes. Issuer and availability vary by policy and state, so confirm both in a quote. ^1,^2,³

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Read the CNA Fiduciary Liability Insurance page

Markel Insurance: Specialty Business and Products

Markel Insurance is Markel Group's specialty and small-business insurance business, with offerings across packages, workers' compensation, cyber, professional and management liability, property, marine, and surety. Products use different insurers and distribution routes, so compare the issuer and terms shown on the specific quote. ^5,⁶

Read the Markel Insurance profile

Read the Markel Insurance Fiduciary Liability Insurance page

What Is Fiduciary Liability Insurance?

Fiduciary liability can protect your company and plan fiduciaries when participants claim mishandling of an employee benefit plan. If you sponsor a retirement or health plan, check who is insured and whether both administration errors and fiduciary-breach claims are addressed. ^8,^9,¹⁰

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Key Differences in Fiduciary Liability Insurance

Stated organization and fiduciary audiences

Markel identifies private companies, not-for-profits and employee-plan fiduciaries as intended audiences, while noting exact class and plan eligibility is not universal ( ⁷). CNA’s 2025 Epack 3 sheet says its offering is written for public, private and nonprofit organizations, subject to underwriting ( ⁴). A public company should ask Markel about its appetite; a private or nonprofit applicant should confirm that its specific plan qualifies with both.

Claims examples and expenses

Markel describes claims involving plan mismanagement, administrative errors or breach of fiduciary duty, with potential defense costs, settlements and judgments subject to policy wording ( ⁷). CNA’s 2025 sheet lists defense and claim expenses, certain legal penalties, compliance costs and pre-claim investigations ( ⁴). Compare how each policy defines a claim and allocates defense costs, penalties and investigation expenses.

What to Confirm in Fiduciary Liability Insurance Quotes

Will Markel accept your organization and plan class, and how are defense costs handled?
Which CNA cost features and sublimits apply to your plan and issuing company?

CNA and Markel Insurance Review Scores for 2026

These averages can combine ratings for different products, locations, and customer groups, including approximate BBB grade conversions. Read each review for the sources, scope, and calculation.

CNA Review Score

9.0/ 10

Review Score

1 rated source

Customer feedback on CNA is mixed and hard to compare. NerdWallet gave it 4.5 out of 5 for manufacturers, while Trustpilot shows about 1.4 out of 5 from 49 mostly self-selected reviews.^[1]^[5]

Read CNA reviews

Markel Insurance Review Score

7.5/ 10

Review Score

2 rated sources

There is little public customer feedback on Markel. Trustpilot shows 2.5 out of 5 from just 5 reviews, and BBB lists 12 complaints closed in the last three years.^[4]^[3]

Read Markel Insurance reviews

CNA vs Markel Insurance Fiduciary Liability Insurance Compared

CNA vs Markel Insurance: Fiduciary Liability Insurance: documented features by provider

Criteria	CNA Epack 3 Fiduciary Liability	Markel fiduciary liability
Role in This Line	Confirm in your quote.	Markel lists fiduciary liability for private companies, nonprofits and individuals managing employee benefit plans. ⁷Company-reported. U.S. private/nonprofit product page; not a fidelity bond.
Who It’s For	CNA states its fiduciary offering is written for public, private and nonprofit organizations. ⁴Company-reported. Entity: CNA brand; issuing company varies by form/state Product: Epack 3 Fiduciary Liability Jurisdiction: United States Research source scope: U.S. employee-benefit/retirement-plan fiduciary liability under Epack 3; not ERISA fidelity bond Claim limitation: Subject to underwriting and policy terms. Source/date qualification: Fiduciary sheet dated 20251218 / ©2025; it is a marketing summary, not the issued policy form.	The page identifies private companies and not-for-profits and employee-plan fiduciaries as intended audiences; exact class and plan eligibility is not stated universally. ⁷Company-reported. Published audience description only.
Coverage Features	CNA states its Fiduciary Liability addresses exposure from administration and management of employee benefit and retirement plans. ⁴Company-reported. Entity: CNA brand; issuing company varies by form/state Product: Epack 3 Fiduciary Liability Jurisdiction: United States Research source scope: U.S. employee-benefit/retirement-plan fiduciary liability under Epack 3; not ERISA fidelity bond Claim limitation: This is fiduciary liability, not an ERISA fidelity bond or employee-benefits liability. Source/date qualification: Fiduciary sheet dated 20251218 / ©2025; it is a marketing summary, not the issued policy form. CNA lists defense/claim expenses, certain legal penalties, voluntary compliance costs and pre-claim investigation costs among its fiduciary coverage features. ⁴Company-reported. Entity: CNA brand; issuing company varies by form/state Product: Epack 3 Fiduciary Liability Jurisdiction: United States Research source scope: U.S. employee-benefit/retirement-plan fiduciary liability under Epack 3; not ERISA fidelity bond Claim limitation: Company marketing summary only; issued policy forms, underwriting, jurisdictional availability, limits, exclusions and definitions control. Source/date qualification: Fiduciary sheet dated 20251218 / ©2025; it is a marketing summary, not the issued policy form.	Markel describes claims involving benefit-plan mismanagement, administrative errors or breach of fiduciary duty, with potential defense costs, settlements and judgments subject to policy wording. ⁷Company-reported. Illustrative page description; policy terms control.
Claims Support	CNA says fiduciary insureds have access to a claims team and expert guidance. ⁴Company-reported. Entity: CNA brand; issuing company varies by form/state Product: Epack 3 Fiduciary Liability Jurisdiction: United States Research source scope: U.S. employee-benefit/retirement-plan fiduciary liability under Epack 3; not ERISA fidelity bond Claim limitation: Company-reported service description; not an outcome guarantee. Source/date qualification: Fiduciary sheet dated 20251218 / ©2025; it is a marketing summary, not the issued policy form.	Confirm in your quote.

Related Pages for CNA vs Markel Insurance Fiduciary Liability

Fiduciary Liability Insurance Pages for CNA and Markel Insurance

Other Coverage Lines Compared for CNA vs Markel Insurance

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Sources for CNA vs Markel Insurance Fiduciary Liability Insurance

Sources About CNA

Insurance for Small Businesses. CNA; Insurance for Small Businesses, lines 38-50 and 65-67 (CNA Central and agent route); lines 79-106 (product and stated appetite lists); page footer line 132 (CNA registered service mark). Accessed 2026-09-28.
CNA Connect Small Businessowners Policy (BOP) | CNA Insurance. CNA; CNA Connect; coverages, product range, services. Accessed 2026-09-28.
General Disclaimer. CNA; General Disclaimer paragraphs 1 and 5 (HTML lines 24 and 28): CNA describes Continental Casualty Company and its relevant affiliates; references to CNA may include one or more CCC affiliates; each particular policy/product/service is the responsibility only of the specific CNA company that issues or supplies it. Footer line 57 identifies CNA Financial Corporation as trademark registrant. Re-read 2026-09-29. Accessed 2026-09-29.
Fiduciary Liability | CNA. CNA; pp. 1–2: benefit-plan administration, covered costs, eligible organizations and claims. Accessed 2026-09-28.

Sources About Markel Insurance

About us. Markel; Markel at a glance; description of Markel Insurance within Markel Group Inc. Accessed 2026-09-28.
Markel Group Inc. 2025 Form 10-K. U.S. Securities and Exchange Commission; filed by Markel Group Inc.; Cover page; Part I, Item 1 Business—Markel Insurance, U.S. Wholesale and Specialty, Programs and Solutions; Part II, Item 7/8 for group and segment risks. Accessed 2026-09-28.
Private and Nonprofit Management Liability Insurance. Markel; What we offer; private/nonprofit segment; D&O, EPL, fiduciary and optional coverage sections. Accessed 2026-09-29.

Sources for the Fiduciary Liability Insurance Guide

Field Assistance Bulletin No. 2008-04: Guidance Regarding ERISA Fidelity Bonding Requirements. U.S. Department of Labor, Employee Benefits Security Administration; Q2 pp.2–3. Accessed 2026-09-16.
Fiduciary Liability. Travelers Casualty and Surety Company of America; II.D,J–L pp.2–3; II.A p.1; II.V p.5; Header p.1; II.M p.3; I p.1; III.A.6–8 pp.5–6; II.M.2 p.3; III.B.1 p.6. Accessed 2026-09-16.
Fiduciary Liability Insurance. Travelers; What Is Fiduciary Liability Insurance? Accessed 2026-09-16.