Coterie Insurance Business Owner’s Policy
Coterie Insurance sells business owner's policies through appointed agents and brokers to businesses with up to 50 employees and $10M in revenue, with lower limits for contractors.
What Is Coterie Insurance’s Role in Business Owner’s Policy?
Coterie distributes its BOP only through appointed agents and brokers, not directly to businesses; its SimplyBind platform lets an agent quote and bind a policy after entering the client's business name and address. 1Business Owners Policy page 'Ready, set, and bind' and 'How it Works' sections.
Who Issues Coterie Insurance Business Owner’s Policy?
Coterie says its BOP is an admitted product backed by an 'A-rated EXCELLENT' carrier rating, but the reviewed pages do not name the specific underwriting insurer for the BOP. 1'Cutting edge solutions' paragraph on the BOP page.
Who Is Coterie Insurance Business Owner’s Policy For?
Coterie's BOP brochure sets qualification criteria of up to 50 employees (15 for contractors), up to $10M in revenue ($5M for contractors), and up to $1M in building property total insured value. 2BOP brochure 'Criteria Qualification' table.
Coverage Features of Coterie Insurance Business Owner’s Policy
Coterie's base BOP combines commercial property, general liability, and business-interruption coverage, using the Special Causes of Loss form BP 00 03, and includes coverage extensions such as accounts receivable, business income from dependent properties, electronic data, and forgery or alteration. 1,2BOP page bundle description and BOP brochure 'Coverages Included In Coterie's Base Policy'.
Coterie lists optional endorsements for the BOP including employment practices liability, hired and non-owned auto liability, liquor liability, equipment breakdown, employee dishonesty, and unmanned aircraft/drone liability (excluding hull coverage). 2BOP brochure 'Additional Coverage Extensions and Limits Available' and 'BOP Liability Highlights' lists.
Coterie Insurance Business Owner’s Policy Limits and Retentions
Coterie's BOP offers liability and medical-expense limit options of $300,000/$500,000/$1,000,000/$2,000,000 per occurrence, with products/completed-operations and other-than-products aggregates set at two times that limit, and $5,000 in medical expenses per person; $2,000,000/$4,000,000 liability limits are not available for contractors in CA, CO, FL, NY, or TX, or when liquor liability is selected. 2BOP brochure 'BOP Liability Highlights' and 'Available Limits' table.
How Do You Apply for Coterie Insurance Business Owner’s Policy?
Coterie says agents confirm a client's business name and address, select an industry, confirm prefilled business details, then customize and bind coverage, all in minutes, and claims this is 75%+ faster than traditional processes. 1'SimplyBind Experience' four-step walkthrough on the BOP page; speed figure is company-reported.
