What Are the Key Differences Between Embroker and Travelers Business Owner’s Policy?
Cyber and E&O: Included Versus Excluded
The two treat a tech company's biggest risks in opposite ways. Travelers puts cyber liability and errors and omissions in the same policy as property, liability, business income and extra expense. Embroker states its BOP doesn't cover cyberattacks, breaches or professional mistakes, so you'd add them by endorsement or buy separate policies. Choose Travelers if you do IT, software, hosting or data work and want one policy; choose Embroker if you're a non-tech business under 100 employees and $10 million in revenue that wants to quote online. [4] [1]
Who Qualifies
Travelers limits this product to named tech trades: computer installation and repair, data processing, ISPs, IT consultants and schools, software and web development and design, and web hosting. Embroker takes any class that fits its size screen and has a physical location, and a home office counts. [4] [1]
How You Buy and What You Add
Embroker quotes on its own platform, while Travelers sends you to an independent agent. For extras, Travelers offers Xtend, EPL+ and World Business Essentials; Embroker offers professional liability, employment practices and property add-ons such as spoiled merchandise or mechanical breakdown. [4] [1]
What Should You Confirm in Embroker and Travelers Business Owner’s Policy Quotes?
- Check whether your work is on Travelers' tech list and whether you're inside Embroker's employee and revenue limits. [4] [1]
- If you take Embroker, price cyber and E&O separately so you're comparing like with like. [4] [1]
- Ask both which insurer issues the policy. [4] [1]
- Get limits and deductibles from both; neither publishes them. [4] [1]