Coterie vs Simply Business: Professional Liability / E&O Insurance

Simply Business lets you answer questions online and compare quotes, though binding needs a panel member's approval. Coterie Insurance sells only through agents and brokers, in most states but not DC, IL, MA, MT, ND or VA.

Kearny Risk organizes these comparisons for firms whose advice, content or technology creates professional exposures.Research updated 2026-09-30

Areas of coverage

Coterie Insurance

  • role: Coterie writes Miscellaneous Professional Liability (MPL) as a claims-made policy sold through agents and brokers to protect a small-business client against third-party claims for errors or omissions in their professional services. MPL brochure policy-overview paragraph.company-reportedSource ↗
  • insurer: The MPL brochure names the policy form 'Coterie Professional Liability Errors and Omissions Insurance Declarations' (form code CTPL CWW PL) but does not name the issuing insurer; that appears only on the policy declarations. MPL brochure 'Mandatory Countrywide PL Policy Forms' table.company-reportedSource ↗
  • eligibility: Coterie lists dozens of eligible professions for MPL, including accounting services, architects and engineers, bookkeeping, human resources consulting, interior design, property management, real estate agents/brokers, and technology services/IT consulting, each with profession-specific exclusions in some cases (for example, barbers/beauticians exclude services like electrolysis and tattoo services). MPL brochure 'Eligible Professions' and 'Eligible Professions (Continued)' lists.company-reportedSource ↗
  • eligibility: Coterie says MPL is available in most states but is currently unavailable in DC, IL, MA, MT, ND, and VA. MPL brochure 'MPL unavailable' note.company-reportedSource ↗
  • coverage: Coterie's MPL policy covers economic or financial (non-physical) damages arising from wrongful acts in professional services, such as faulty reports or verbal advice that cause a client financial loss; it is written on a claims-made basis covering incidents reported during the policy period or an extended reporting period, occurring after the policy's retroactive date. MPL brochure policy overview and 'Professional Liability Limits of Insurance' definitions.company-reportedSource ↗
  • coverage: Coterie's MPL base form excludes bodily injury or property damage claims, fraud or intentional wrongful acts, wrongful termination or discrimination claims, and claims based on contractual liability assumed beyond what would exist without the contract, among other listed exclusions. MPL brochure 'Professional Liability Policy Base Form Exclusions' list.company-reportedSource ↗
  • limits: Coterie offers MPL each-claim limits of $25,000, $50,000, $250,000, $500,000, or $1,000,000, with the aggregate set at two times the each-claim limit (three times for the $1,000,000 option); the basic policy includes a 60-day extended reporting period, with optional purchased extensions of 1 to 6 years, and up to 6 years of prior-acts (retroactive) coverage. MPL brochure 'Available Limits' table and 'Extended Reporting Period'/'Retroactive Date' definitions.company-reportedSource ↗
  • application: MPL is distributed only through agents and brokers using Coterie's quoting platform; the reviewed brochure does not describe a direct-to-business application path. MPL brochure framing as 'for Agents and Brokers'.company-reportedSource ↗

Simply Business

  • coverage: The page describes protection for claims tied to professional work and lists attorney fees, court costs, settlements and judgments as costs that may be covered; policy wording controls. Company-published professional-errors-omissions information for U.S. small businesses; availability and actual policy terms depend on the insurer, state and buyer.company-reportedSource ↗
  • eligibility: Simply Business lists consultants, IT professionals, real-estate agents and bookkeepers among the business examples for which it can help find E&O coverage. The examples do not guarantee eligibility. Company-published professional-errors-omissions information for U.S. small businesses; availability and actual policy terms depend on the insurer, state and buyer.company-reportedSource ↗
  • application: The company describes an online flow to answer business questions, compare quotes and select a policy. Its Terms say an online quote is not guaranteed and binding requires panel-member approval. Company-published professional-errors-omissions information for U.S. small businesses; availability and actual policy terms depend on the insurer, state and buyer.company-reportedSource ↗Source ↗

What Are the Key Differences Between Coterie Insurance and Simply Business Professional Liability (E&O) Insurance?

Limits and claims-made timing

Coterie’s MPL offers each-claim limits from $25,000 through $1 million, with an aggregate generally twice the per-claim amount, and includes a 60-day extended reporting period. Buyers can purchase longer reporting extensions and up to six years of prior-acts coverage. Simply Business describes legal costs that may be covered but does not publish limits or tail terms in its reviewed record. Compare the retroactive date and reporting options against the policy you hold now. [2] [5]

Agent placement and profession eligibility

Coterie distributes MPL through agents and brokers and lists many eligible occupations, with some profession-specific exclusions; availability varies by state. Simply Business lists consultants, IT workers, real-estate agents and bookkeepers and starts with an online comparison. Ask both whether your exact services and state qualify before relying on a preliminary indication. [1] [6]

What Should You Confirm in Coterie Insurance and Simply Business Professional Liability (E&O) Insurance Quotes?

  • Ask Coterie for your profession’s exclusions, state availability, claims-made retroactive date and selected tail. [2]
  • Ask Simply Business which carrier offers the quote, its per-claim and aggregate limits, and whether tail coverage is available. [6]

Coterie publishes available limits, a 60-day included reporting extension and optional longer tails. Simply Business lists example professions but leaves specific terms and eligibility to the selected carrier.

Sources reviewed

  1. 01
    Coterie Insurance small business products overview

    Coterie Insurance · Product line overview page listing Professional Liability among Coterie's coverages · accessed 2026-09-23

  2. 02
    Miscellaneous Professional Liability (MPL) Policy Overview & Product Highlights for Agents and Brokers

    Coterie Insurance · Policy overview paragraph; Eligible Professions list; 'Currently unavailable in: DC, IL, MA, MT, ND, and VA'; Professional Liability Limits of Insurance table; Claims-Made Policy Form / Retroactive Date / Extended Reporting Period definitions; Mandatory Countrywide PL Policy Forms; Base Form Exclusions · accessed 2026-09-23

  3. 03
    Professional Liability – US Direct Errors and Omissions Insurance

    Hiscox Inc. specimen · About this Policy / Coverage for Claims Made Against You; I.A Insuring Agreement; I.B Defense; I.C Settlement; II.A Notice of Claims; II.C Optional Extended Reporting Period; III.A, III.K, III.M, III.R, III.S Exclusions; IV.A–B Limits and Deductible; VI.O Professional Services; VI.U Wrongful Act · accessed 2026-09-16

  4. 04
    Professional liability insurance

    Insurance Information Institute · Opening paragraphs (professional services/advice and E&O name); Claims not covered by general liability; What types of businesses need professional liability insurance?; What’s covered… and what’s not (claims-made versus occurrence, defense and judgments, non-financial/intentional limits, BOP/in-home exclusion) · accessed 2026-09-16

  5. 05
    Professional Liability Insurance Coverage

    Simply Business · Coverage lines 45–100; buyer examples lines 101–158; online quote steps lines 237–260. · accessed 2026-09-29

  6. 06
    Terms of Service

    Simply Business · Dated June 30, 2026; §1 lines 22–28; §8 lines 87–113; §10 lines 143–149; §19 line 211. · accessed 2026-09-29

  7. 07
    FAQ: Professional liability insurance

    Texas Department of Insurance · What’s professional liability coverage?; What types of damages…; What’s general liability insurance?; Do I need professional liability… if I have general liability…?; Is professional liability insurance required?; Can a client require…?; What’s the difference between occurrence policies and claims-made policies · accessed 2026-09-16

  8. 08
    Get business insurance

    U.S. Small Business Administration · Six common types of business insurance table · accessed 2026-09-16

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