What Are the Key Differences Between Chubb and Coterie Insurance Business Owner’s Policy?
Whether Your Business Is Too Big for Coterie
Coterie's cutoffs are tighter for contractors: 15 employees and $5 million in revenue, against 50 employees and $10 million for everyone else. A 20-person contracting firm or a $12 million retailer falls outside Coterie but inside Chubb's $30 million ceiling. Choose Coterie if you're a small business well under its caps and want to see liability limits before you apply; choose Chubb if you're near or above $10 million in revenue or a contractor with more than 15 staff. [1] [5]
Who Carries the Risk and How You Buy
Chubb underwrites its own BOP, so the brand you see is the company that pays claims. Coterie sells only through appointed agents on its SimplyBind platform, so you can't buy directly. Its pages call the backing insurer "A-rated EXCELLENT" without naming it. [1] [6]
Limits and Add-Ons
Coterie publishes liability limits from $300,000 to $2 million per occurrence, with tighter rules for contractors and liquor liability. Its add-ons include employment practices, hired auto, liquor liability, equipment breakdown, employee dishonesty and drone liability. Chubb publishes no base limits or deductibles but offers broader add-ons: data breach, employment practices, foreign liability with kidnap and ransom, equipment breakdown, water backup and crime. [5] [1]
What Should You Confirm in Chubb and Coterie Insurance Business Owner’s Policy Quotes?
- If you're a contractor or near $10 million in revenue, ask Coterie's agent whether you still qualify. [5]
- Ask Chubb for occurrence, aggregate and deductible terms. [1]
- Ask both whether each add-on you want is included or a paid endorsement, and what its sublimit is. [1] [5]
- Ask Coterie's agent which insurer issues the policy. [6]