What is a Business Owners Policy for Small Businesses?

A business owner’s policy – sometimes called a BOP – is a “package” product that typically includes property, business interruption/continuation and liability insurance. For many small businesses, purchasing a BOP can be a less costly option than buying individual policies. Many insurers also customize BOPs for specific types of businesses. A home-based business or a company with only a few employees may start out with a BOP and then expand coverage as the company grows. However, a BOP typically does not include commercial auto insurance, workers’ compensation, health or disability insurance or liability insurance for claims of wrongful professional practices.

A Business Owners Policy generally combines the following types of coverage one convenient bundle:

  • Commercial property insurance—Covers losses to property from common perils, which is an event or situation that causes property damage or loss. It also covers office equipment, furniture, inventory, machinery, raw materials, computers and anything else that is vital to business operations.
  • General liability insurance—Covers a company’s legal responsibility for any harm it may cause to others, up to the policy limit. It also covers attorney fees and medical bills for anyone injured by the company.
  • Business interruption insurance—Reimburses for loss of income if a covered disaster interferes with the successful operation of the business

Small business insurance as easy as ABC -> Address, Business Name, Confirm.

Coterie Insurance is for hands-on agents and brokers who desire to build trusted relationships with their clients and still be empowered by the latest technology, data, insurance coverage options, and world-class customer support.

Ready, set, and bind in just a few clicks

Coterie helps agents & business insurance brokers confirm business details with just two questions (name and business address), quote, and then digitally bind small business insurance – 75+% faster than ever before! Let the data do the work for you through validating, not populating, your clients’ information to obtain an accurate quote.

Tailor coverage to your customers’ needs

Coterie was built for agents & brokers, by agents & brokers. Because of this, our coverage options and recommendations match your unique small business clients’ risks and are seamlessly delivered to you in the quoting process. You have full control and can tailor coverage for each one of your clients’ needs.

Improved pace to profits

With Coterie, you are able to write more business, faster – 75% faster! By rethinking the way small business insurance is sold, agents & business insurance brokers are able to deliver a bindable quote to a client with just a name & address – maximizing profits and enabling you to spend more time building more purposeful relationships with clients.

customer review software “>

How it Works

Welcome to the SimplyBind Experience by Coterie Insurance! Small commercial insurance solutions built for the 21st-century agent.

Step One

Log into Coterie

Login to your Coterie Dashboard and start a new quote. Enter your client’s full business name & address and watch the data do the work for you!

Step Two

Select the Industry

Select the industry that best describes the majority of your client’s revenue from the shown list. You can also choose to enter a different primary industry from those displayed.

Step Three

Confirm or Edit

We will prefill your client’s business details for you. From there, you are able to confirm or edit this information as needed.

Step Four

Customize & Bind Coverages

You can then customize your client’s coverages and review all coverage recommendations. Lastly, pay for the policy – all in minutes!

Our Amazing Partners & Agencies

Agents & Brokers Resources

Want to review our appetite?

Check out our digital appetite guide for industry-specific information and coverages.

Register for Our Weekly Demo

We encourage you to attend our weekly demo and Q&A session every Thursday at 1 pm ET. You can sign-up using the form below! We’ll follow up with a meeting invite and login credentials.

Agent Resources

Visit our agent resources page for everything you need to know in order to get started with Coterie Insurance!

How much is your time worth?

Agents & business insurance brokers are spending way too much time on small business insurance and not making a profit because traditional insurance carriers have antiquated systems and processes. How much is your time worth? We think it’s worth quite a lot which is why we’ve simplified the whole process.

Cutting edge solutions

We write 80% of small businesses (including new & home-based businesses!), have admitted products in all 50 states (BOP, PL & GL with WC coming soon), A-rated EXCELLENT carrier ratings, ISO and proprietary coverage forms, and best of all, all policy documents, certificates, renewals, billing & claims are all in one dashboard.

A one-way ticket to easy

Enter 2 pieces of information and receive all relevant risk information prefilled for you, no more accord forms means 80%+ less paperwork, no more “we’ll get back to you” by underwriters, know if a client is in-appetite in seconds, bind a policy in minutes, and so much more!

Transforming Small Business Insurance from an Obligation
to an Opportunity

Built for small, new, & home-based businesses

Most carriers copy & paste their middle market underwriting processes for small businesses resulting in wasted time and energy for agents & brokers

Spend time doing what you do best

Agents (and clients) spend way too much time entering data when they could be using that time in better and more meaningful ways

Save time and money

Small business insurance is more time-consuming and complicated than it is profitable

The right coverage, for the right clients, at the right time

Now, more than ever, new businesses need their agent’s help selecting the right coverage

Follow Us on Social for More Resources!

Agents & Brokers

Let's Work Together

Small Businesses

Policyholder Help Center

At Coterie, we are putting relationships at the forefront of small business insurance.

If you have any questions, Contact Us Today!