Coterie Insurance vs Travelers 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.

Travelers underwrites errors and omissions insurance as one of several management and professional liability products, sold as a standalone policy written for the buyer's profession rather than bundled with other lines by default. ^8,9Company-reported. E&O and management-liability product pages, as read on 2026-09-23.

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 page's footer names Travelers Casualty and Surety Company of America and its property-casualty affiliates, but Travelers also states the material does not amend any issued policy, so the exact issuing entity for a given E&O product depends on the policy. ⁸Company-reported. Footer disclosure on the errors-and-omissions page.

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.

Travelers offers separate E&O products by profession, including accountants, design professionals, lawyers, real estate professionals, insurance professionals, life/accident/health insurance agents, managed care organizations, financial institutions and a miscellaneous professional liability option for other client-facing professionals. ⁸Company-reported. Product-selection list on the E&O page.

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.

Travelers describes E&O as covering the costs of client allegations of inadequate work, negligent actions or failure to meet the expected level of service, including legal defense and settlement costs, and says coverage can be customized to the risks of a specific profession. ⁸Company-reported. E&O overview and video transcript; exclusions and limits are not detailed on this page and depend on the policy as issued.

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 reviewed E&O page does not publish limit or retention amounts for any of its professional-liability products. ⁸Not publicly disclosed. Errors-and-omissions page as read 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'.

Travelers directs buyers to talk to an independent agent to place E&O coverage, and tells agents to use its management-and-professional-liability applications and forms library. ^8,9Company-reported. E&O page CTA and video transcript.