What Are the Key Differences Between Coterie Insurance and Travelers Business Owner’s Policy?
Tech Firms Get Cyber and E&O in One Policy
A web-design studio that loses a client’s data faces a cyber claim and a professional mistake claim at once. Travelers’ BOP covers both, alongside property, general liability and business income, for computer repair, data processing, ISPs, IT consultants and schools, software and web development, design and hosting. Coterie’s BP 00 03 base covers property, liability and business interruption, with no cyber or professional liability described. Choose Travelers if your work is on its tech list; choose Coterie if you’re a general small business within its caps of 50 employees, $10 million in revenue and $1 million in building value. [5] [1] [2]
Add-Ons and Limits You Can See
Coterie publishes liability options from $300,000 to $2 million per occurrence and add-ons including EPL, hired and non-owned auto, liquor, equipment breakdown, dishonesty and drone liability. Travelers names its Xtend, EPL+ and World Business Essentials add-ons but publishes no limits. You can price a Coterie policy against a target limit before calling; with Travelers you’ll need the quote. [1] [5]
Both Require an Agent
Neither lets you buy online yourself. Travelers sells through independent agents; Coterie through appointed agents who bind on SimplyBind. [5] [2]
What Should You Confirm in Coterie Insurance and Travelers Business Owner’s Policy Quotes?
- Check that your work appears on Travelers’ technology-services list. [5]
- Check your headcount and building value against Coterie’s caps. [1]
- If you’re a tech firm quoting Coterie, price cyber and E&O separately. [1]
- Ask both which insurer issues the policy; Coterie describes only an unnamed A-rated carrier. [5] [2]
- Get Travelers’ cyber and E&O limits in dollars. [5]