What Are the Key Differences Between Coterie Insurance and Pie Insurance Business Owner’s Policy?
Whether Your Business Fits
Coterie's caps are specific: 15 employees and $5 million in revenue if you're a contractor, and a $1 million ceiling on building value. A business over those lines won't get a Coterie BOP. Pie markets its BOP as customized for small businesses and publishes no numeric screens, so it may take a business Coterie turns away, but you'll only find out by contacting Pie. Choose Coterie if you fit its caps and have an agent who can bind it quickly; choose Pie if you're over them or don't have an agent. [1] [5]
How You Get a Policy
Coterie's appointed agents quote and bind its BOP on its SimplyBind platform, so an agent can often issue coverage in one sitting. Pie finds BOP quotes from its insurer partners after you contact the company. Neither page names the insurer that would issue your policy. [2] [5]
What Happens After a Covered Loss
Pie's BOP pays payroll and temporary relocation after a covered catastrophe, on top of property cover for fire, explosion, smoke, vandalism and wind. Coterie builds on the standard BP 00 03 form and adds extensions such as accounts receivable, income lost when a key supplier or customer is shut down, electronic data, and forgery. [5] [1]
What Should You Confirm in Coterie Insurance and Pie Insurance Business Owner’s Policy Quotes?
- If you're near Coterie's employee, revenue or building-value caps, ask Pie whether its partners will quote you. [5] [1]
- Ask both which insurer issues the policy. [2] [5]
- Ask Pie for its per-occurrence limit options, which Coterie publishes and Pie doesn't. [1] [5]
- Ask Coterie how long its interruption cover pays payroll and relocation costs. [1]