What Are the Key Differences Between Pie Insurance and Simply Business Professional Liability (E&O) Insurance?
Coverage descriptions answer different buyer questions
Pie describes E&O as covering legal fees, costs and damages when advice or services allegedly cause harm, including inaccurate advice, misrepresentation or negligence; it excludes criminal prosecution. Simply Business describes professional-work claims and lists attorney fees, court costs, settlements and judgments as costs that may be covered, subject to policy wording. Ask the proposed insurer to map your likely allegation scenarios to the actual covered expenses and exclusions. [3] [4]
Their profession examples overlap but are not eligibility decisions
Pie names architects, contractors, attorneys, engineers, consultants, marketers, counselors and real-estate agents as common E&O buyers. Simply Business lists consultants, IT professionals, real-estate agents and bookkeepers, while noting examples do not guarantee eligibility. If your profession is regulated or your client requires proof, provide the exact duties and contract requirement to each before assuming a quote is available. [3] [4]
Quote entry begins with different published routes
Pie directs E&O prospects to contact the company to start a quote. Simply Business describes an online process to enter business information and compare offers, though its terms reserve binding approval to panel members. Decide whether you prefer a direct conversation or online comparison, then verify who issues and approves the selected policy. [3] [5]
What Should You Confirm in Pie Insurance and Simply Business Professional Liability (E&O) Insurance Quotes?
- Ask Pie which insurer will provide the quote after you contact the company; ask Simply Business to identify the panel member and confirm binding approval. [3] [5]
- For both offers, compare the covered professional services, legal expense treatment, criminal-act exclusion, limits and deductible in the policy wording. [3] [4]