Chubb vs Coterie Insurance Professional Liability (E&O) Insurance

Chubb underwrites professional errors and omissions coverage through Pro ERM, a single policy combining professional liability, media and cyber exposures for non-licensed professional-services firms. ³Company-reported. Cyber Insurance Coverage & Products page, Professional Enterprise Risk Management section.

Coterie writes Miscellaneous Professional Liability (MPL) as a claims-made policy sold through agents and brokers to protect a small-business client against third-party claims for errors or omissions in their professional services. ⁸Company-reported. MPL brochure policy-overview paragraph.

Not described in the reviewed sources.

The MPL brochure names the policy form 'Coterie Professional Liability Errors and Omissions Insurance Declarations' (form code CTPL CWW PL) but does not name the issuing insurer; that appears only on the policy declarations. ⁸Company-reported. MPL brochure 'Mandatory Countrywide PL Policy Forms' table.

Chubb says Pro ERM is available to non-licensed professional-services firms of all sizes, naming examples including associations, consultants, business process administrators, event planners, interior and graphic design firms, marketing and PR firms, printers, staffing firms, travel agents and trustees. ³Company-reported. Pro ERM Target Clients list.

Coterie lists dozens of eligible professions for MPL, including accounting services, architects and engineers, bookkeeping, human resources consulting, interior design, property management, real estate agents/brokers, and technology services/IT consulting, each with profession-specific exclusions in some cases (for example, barbers/beauticians exclude services like electrolysis and tattoo services). ⁸Company-reported. MPL brochure 'Eligible Professions' and 'Eligible Professions (Continued)' lists.

Coterie says MPL is available in most states but is currently unavailable in DC, IL, MA, MT, ND, and VA. ⁸Company-reported. MPL brochure 'MPL unavailable' note.

Beyond the Cyber ERM base, Chubb says Pro ERM adds E&O coverage including personal injury from professional services, a broadened definition of professional services that expressly includes professional technology services, coverage for independent contractors performing duties on the insured's behalf, automatic additional-insured status for clients when required by contract, and coverage for professional disciplinary proceedings. ³Company-reported. Pro ERM Product Features list; subject to the policy as issued.

Coterie's MPL policy covers economic or financial (non-physical) damages arising from wrongful acts in professional services, such as faulty reports or verbal advice that cause a client financial loss; it is written on a claims-made basis covering incidents reported during the policy period or an extended reporting period, occurring after the policy's retroactive date. ⁸Company-reported. MPL brochure policy overview and 'Professional Liability Limits of Insurance' definitions.

Coterie's MPL base form excludes bodily injury or property damage claims, fraud or intentional wrongful acts, wrongful termination or discrimination claims, and claims based on contractual liability assumed beyond what would exist without the contract, among other listed exclusions. ⁸Company-reported. MPL brochure 'Professional Liability Policy Base Form Exclusions' list.

Chubb says Pro ERM includes coverage for 100% of defense costs for covered claims worldwide, but the reviewed page does not publish a separate liability limit or retention. ³Company-reported. Pro ERM Product Features list.

Coterie offers MPL each-claim limits of $25,000, $50,000, $250,000, $500,000, or $1,000,000, with the aggregate set at two times the each-claim limit (three times for the $1,000,000 option); the basic policy includes a 60-day extended reporting period, with optional purchased extensions of 1 to 6 years, and up to 6 years of prior-acts (retroactive) coverage. ⁸Company-reported. MPL brochure 'Available Limits' table and 'Extended Reporting Period'/'Retroactive Date' definitions.

Chubb says Pro ERM policyholders get access to legal counsel with extensive professional-liability experience, in addition to the general cyber-incident-response services shared with Cyber ERM. ³Company-reported. Pro ERM Product Features list.

Not described in the reviewed sources.

Agents and brokers can quote Pro ERM through Chubb's Cyber Central or Marketplace quoting platforms. ³Company-reported. Cyber Insurance Coverage & Products page quoting section.

MPL is distributed only through agents and brokers using Coterie's quoting platform; the reviewed brochure does not describe a direct-to-business application path. ⁸Company-reported. MPL brochure framing as 'for Agents and Brokers'.