Coterie Insurance vs Mylo 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.

Mylo brokers professional liability insurance by comparing quotes from multiple business insurance companies rather than underwriting the policy itself. ⁷Company-reported. Professional liability 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 professional liability product page and Mylo's carrier-contact directory do not name the insurer that would issue a professional liability policy; the directory groups carriers under generic Auto & Home and Business categories only. ^7,8Not publicly disclosed. Checked the professional liability product page and the carrier-contact directory on 2026-09-23; neither ties a named carrier to this line.

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.

Mylo markets this line to businesses that could face a claim from a client unhappy with their professional services, using examples spanning app development, financial planning and beauty-salon services. ⁷Company-reported. Product page examples; a particular business's eligibility 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.

Mylo describes the policy responding to breach-of-contract claims, bodily injury or property damage claims, financial-loss claims, and consequential-damages claims arising from a client relationship. ⁷Company-reported. Product page coverage descriptions; actual insuring agreements and exclusions are set by the issued policy.

Mylo explains that professional liability comes in claims-made and occurrence forms, and that tail coverage can be added to a claims-made policy to extend reporting after it ends. ⁷Company-reported. Product page FAQ; which form and tail terms are offered depends on the placed carrier.

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.

Not described in the reviewed sources.

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'.

Mylo says it recommends coverage customized to the business and compares professional liability quotes from top-rated business insurance companies to find a combination of coverage and price. ⁷Company-reported. Product page "How will Mylo find me the right policy?" section.

Not described in the reviewed sources.

Mylo's carrier-contact page lists claims phone numbers by carrier for Auto & Home and Business policies generally, but does not identify a professional-liability-specific claims contact or process. ⁸Not found in reviewed sources. Carrier-contact directory checked 2026-09-23; entries are organized by carrier and general product category, not by coverage line.