What Are the Key Differences Between Embroker and Gallagher Business Owner’s Policy?
Lost-Income Cover and Who Qualifies
If a fire or burst pipe closes your doors, business interruption pays your lost income. Embroker names it as one of the three parts of its BOP. Gallagher describes general liability plus property for a rented space and doesn't list interruption, so you'd need to ask. Gallagher, though, says almost any small business that rents space, holds customer data, has staff or owns computers and furniture is a candidate, and it publishes no headcount or revenue limit. Choose Embroker if you're under 100 employees and $10 million in revenue and want lost-income cover spelled out; choose Gallagher if you're over those limits or would rather talk it through with an advisor. [1] [2]
How You Get a Quote
Embroker quotes online on its own platform, and it accepts a home office as your location. Gallagher offers an online form, a phone line at 1-833-292-9441 (weekdays 8 a.m. to 5 p.m., continental U.S.) or a scheduled callback, then places the policy with a partner carrier. [1] [2]
What You'll Still Need to Buy
Embroker's BOP leaves out cyberattacks and breaches, professional liability, employment claims and criminal activity; workers' compensation and commercial auto usually need their own policies. You can add professional liability, employment practices liability and property items by endorsement. Gallagher excludes damage to your own equipment and rented property, employee injuries, malpractice, discrimination or fraud, intentional injury and failure to protect sensitive information. Either way, plan on separate cyber and workers' compensation cover. [1] [2]
What Should You Confirm in Embroker and Gallagher Business Owner’s Policy Quotes?
- Ask Gallagher whether business interruption is on the form it places. [2]
- Ask both which insurer issues the policy. [1] [2]
- Ask Gallagher whether its partner carriers have size limits for your business. [2]
- Get limits in writing, and list which Embroker endorsements you're adding before you compare price. [1] [2]