Coterie vs Mylo: Business Owner’s Policy

Mylo is a broker partnered with more than 40 A-rated carriers, shopping online or by phone, while Coterie Insurance sells its BOP only through appointed agents and brokers, for up to 50 employees (15 for contractors).

Montgomery Risk Partners prepared this library from Spot.Insure comparison research and underlying public records.Research updated 2026-09-25

Provider coverage details

Coterie Insurance

  • role: 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. Business Owners Policy page 'Ready, set, and bind' and 'How it Works' sections.company-reportedSource ↗
  • insurer: 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. 'Cutting edge solutions' paragraph on the BOP page.company-reportedSource ↗
  • eligibility: 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. BOP brochure 'Criteria Qualification' table.company-reportedSource ↗
  • coverage: 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. BOP page bundle description and BOP brochure 'Coverages Included In Coterie's Base Policy'.company-reportedSource ↗Source ↗
  • coverage: 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). BOP brochure 'Additional Coverage Extensions and Limits Available' and 'BOP Liability Highlights' lists.company-reportedSource ↗
  • limits: 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. BOP brochure 'BOP Liability Highlights' and 'Available Limits' table.company-reportedSource ↗
  • application: 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. 'SimplyBind Experience' four-step walkthrough on the BOP page; speed figure is company-reported.company-reportedSource ↗

Mylo

  • role: Mylo brokers a business owner's policy by comparing quotes from multiple carriers rather than underwriting the policy itself. BOP product page and the business-insurance overview page.company-reportedSource ↗Source ↗
  • coverage: Mylo describes its BOP as bundling three coverages: general liability for third-party bodily injury, property damage and advertising-injury claims; commercial property for damage to a business's building and business personal property from causes such as fire, storm, theft or vandalism; and business interruption for lost income (actual loss sustained) during a covered shutdown. BOP product page coverage sections; the issued policy and its exclusions control.company-reportedSource ↗
  • coverage: Mylo says packaging these three coverages in a BOP instead of buying them separately typically costs less and can provide better coverage than buying each individually. BOP product page FAQ; a general company statement, not a quoted savings figure for any specific business.company-reportedSource ↗
  • eligibility: Mylo's business-insurance overview page lists a BOP among the coverages most owners start with, alongside commercial auto, workers' compensation and commercial umbrella, and says it gives each business a personalized coverage recommendation. Business-insurance overview page.company-reportedSource ↗
  • insurer: Mylo says it partners with more than 40 A-rated commercial insurance carriers and names Travelers, Liberty Mutual, The Hartford and Hiscox as examples, but neither page identifies which carrier would issue a specific business's BOP. Business-insurance overview page FAQ; the carrier panel is described company-wide, not BOP-specific.company-reportedSource ↗
  • application: Mylo says a buyer can shop for a BOP online through its Mind of Mylo recommendation tool or by phone with a licensed advisor (844-863-5950), and that Mylo has agents licensed in all 50 states. Business-insurance overview page FAQ.company-reportedSource ↗
  • limits: Neither the BOP product page nor the business-insurance overview page publishes specific coverage limits, deductibles or premium ranges. Checked both pages on 2026-09-23.not-disclosedSource ↗Source ↗

What Are the Key Differences Between Coterie Insurance and Mylo Business Owner’s Policy?

Many Quotes Versus One Program

Mylo compares quotes from its insurer panel and lets you shop through Mind of Mylo online or call a licensed advisor at 844-863-5950, with agents licensed in all 50 states. If one insurer turns you down, Mylo can try another. Coterie is a single program that only appointed agents can bind on its SimplyBind platform, so you need an agent who works with Coterie, and if its screens rule you out there is no second option. Choose Mylo if you want several prices or can’t find a Coterie agent; choose Coterie if your agent already offers it and you want to see limits before you apply. [3] [4] [2]

Published Screens and Limits

Coterie publishes its eligibility screens, including a 50-employee and $1 million total-insured-value cap, and occurrence limits from $300,000 to $2 million, so you can tell whether you fit before you apply. Mylo publishes no limits or premiums; you learn them from whichever insurer quotes. [1] [4]

Lost-Income Coverage

Both bundle property, general liability and business interruption. Mylo says interruption pays lost income on an actual-loss-sustained basis and that packaging usually costs less than three separate policies. Coterie builds on the standard BP 00 03 form and lists extensions such as dependent-property income, which helps if a key supplier’s shutdown stops your business, and electronic data. [4] [2] [1]

What Should You Confirm in Coterie Insurance and Mylo Business Owner’s Policy Quotes?

  • Ask Mylo which of its insurers will actually quote you and which one issues the policy. [3]
  • Ask your agent which insurer issues Coterie’s BOP; Coterie doesn’t name it. [2]
  • Check headcount and property values against Coterie’s published screens. [1]
  • Ask Mylo whether its quote includes dependent-property income. [4] [1]

Mylo shops your BOP across more than 40 A-rated insurers, including Travelers, Liberty Mutual, The Hartford and Hiscox, and you can start online or by phone. Coterie offers one BOP program, sold only through appointed agents, with published limits from $300,000 to $2 million.

Sources and records

  1. 01
    Business Owner's Policy (BOP) Product Highlights for Agents and Brokers

    Coterie Insurance · Criteria Qualification (Employees, Revenue, Building Property); BOP Property Highlights and coverage extensions; BOP Liability Highlights and limit options; Mandatory Countrywide BOP Policy Forms list · accessed 2026-09-23

  2. 02
    What is a Business Owners Policy for a small business?

    Coterie Insurance · BOP definition; 'Cutting edge solutions' paragraph (admitted products in all 50 states, A-rated EXCELLENT carrier ratings); SimplyBind quote-and-bind steps · accessed 2026-09-23

  3. 03
    Business Insurance

    Mylo · What insurance does a small business need?; Why Mylo? (40+ top-rated commercial insurance partners, 4.8 Google rating, BBB Accredited); What insurance carriers do you work with?; How do I shop for insurance with Mylo? · accessed 2026-09-23

  4. 04
    Business Owner's Policy

    Mylo · Like you, a BOP can do three things at once!; Coverage #1: general liability; Coverage #2: commercial property; Coverage #3: Business Interruption; Business Owner Policy FAQs · accessed 2026-09-23

  5. 05
    Business Interruption and Business Owner Policy

    National Association of Insurance Commissioners · Background; General liability, Commercial property and Business interruption bullets · accessed 2026-09-16

  6. 06
    Small Business

    National Association of Insurance Commissioners · FAQ: What’s a business owners policy?; What’s general liability insurance · accessed 2026-09-16

Use this comparison as a starting point for a discussion about your business and its insurance needs.

Contact Montgomery Risk Partners