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:
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.
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.
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.
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.
Welcome to the SimplyBind Experience by Coterie Insurance! Small commercial insurance solutions built for the 21st-century agent.
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!
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.
We will prefill your client’s business details for you. From there, you are able to confirm or edit this information as needed.
You can then customize your client’s coverages and review all coverage recommendations. Lastly, pay for the policy – all in minutes!
Check out our digital appetite guide for industry-specific information and coverages.
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.
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!
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
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