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

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. ⁴Company-reported. MPL brochure policy-overview paragraph.

Gallagher Small Business arranges errors and omissions (E&O) coverage with partner carriers rather than underwriting the policy itself. ¹⁰Company-reported. Gallagher Small Business's direct-to-small-business E&O product page.

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. ⁴Company-reported. MPL brochure 'Mandatory Countrywide PL Policy Forms' table.

The E&O product page does not name the insurer that would issue a given business's policy. ¹⁰Not publicly disclosed. Checked the E&O product page on 2026-09-23.

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). ⁴Company-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. ⁴Company-reported. MPL brochure 'MPL unavailable' note.

Gallagher recommends E&O for small businesses that provide a specific professional service, naming technology, insurance, accounting, tax, wealth management and legal services, and lists doctors, lawyers, accountants, nurses, caregivers, counselors, social workers and engineers as example professionals; it also notes that many client contracts require carrying E&O. ¹⁰Company-reported. Product page eligibility and recommended-professions lists; actual acceptance depends on underwriting.

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. ⁴Company-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. ⁴Company-reported. MPL brochure 'Professional Liability Policy Base Form Exclusions' list.

Gallagher describes E&O as protecting against client charges of negligence or injury tied to professional services, covering losses, attorney fees and court costs regardless of fault, and specifically responding to alleged or actual negligence, personal injury, copyright infringement, punitive damages, and claims against past work, temporary staff or independent contractors. ¹⁰Company-reported. Product page coverage description; the issued policy and its exclusions control. Note this record excludes medical malpractice, which the page treats as a separate specialized coverage covered under its own line.

Gallagher's small-business team says the E&O market has seen consistent rate increases that have started to moderate, driven by higher claim frequency, litigation costs and a more litigious environment, and that insurers are more selective and require more detailed underwriting information. ¹⁰Company-reported. Product page market-commentary section; a general market view, not a quote for any specific business.

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. ⁴Company-reported. MPL brochure 'Available Limits' table and 'Extended Reporting Period'/'Retroactive Date' definitions.

The E&O product page does not publish limits, deductibles or premiums; it directs prospective buyers to request a quote instead. ¹⁰Not publicly disclosed. Checked the E&O product page on 2026-09-23.

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. ⁴Company-reported. MPL brochure framing as 'for Agents and Brokers'.

Gallagher offers an online quote form, a small business advisor phone line (1-833-292-9441, Monday through Friday, 8 a.m. to 5 p.m., continental U.S.), and a scheduled callback request to start an E&O quote. ¹⁰Company-reported. Product page "Get Covered Now" section.