Simply Business Partners with Coterie Insurance to Enhance BOP
Simply Business, a leader in the digital insurance marketplace designed for small businesses, has recently formed a partnership with Coterie Insurance, a prominent tech-enabled Managing General Agent (MGA). This collaboration aims to broaden the Business Owner's Policy (BOP) coverage options available to small business owners nationwide.
The alliance introduces a variety of innovative insurance solutions to the Simply Business marketplace. By integrating Coterie's offerings, the partnership enables small business owners to select coverage that aligns perfectly with their individual needs, ensuring they have access to competitive pricing and a range of policy options from top national carriers.
Simplifying Business Insurance for Small Enterprises
Simply Business has developed a fully digital process that allows business owners to quote, bind, and issue their insurance—all online. This streamlined approach is advantageous for a diverse range of businesses, including medical practices, contractors, restaurants, and retail establishments. The comprehensive BOP coverage offered can include essential protections all crafted into one convenient package, significantly simplifying purchasing for busy entrepreneurs.
Samantha Roady, U.S. CEO at Simply Business, expressed enthusiasm about the partnership, stating, "Coterie's digital-first insurance solutions and broad appetite make them an ideal partner in our mission to empower small business owners. Together, we are dedicated to delivering a comprehensive suite of BOP solutions to even more types of small businesses across all 50 states with efficiency." This commitment reflects a shared vision to enhance the small business insurance landscape.
Expansion and Opportunities for Small Business Owners
Coterie Insurance's goal of simplifying the insurance process complements Simply Business's existing infrastructure. David McFarland, CEO and co-founder of Coterie, noted, "By teaming up with Simply Business, we are expanding our digital presence and reinforcing our dedication to providing a streamlined insurance experience. This platform integration enhances options for small business owners, equipping them with the right tools to confidently protect their businesses amid a complex economic environment."
The integration of Coterie's solutions into the Simply Business platform is a significant step forward in expanding coverage options available to entrepreneurs. It opens up new avenues for small business owners to engage with insurance products that are tailored to their specific needs. This partnership aims not just to provide insurance, but to empower business owners with the right knowledge and coverage to thrive in today's dynamic market.
About Simply Business and Coterie Insurance
Simply Business is devoted to making small business insurance transparent and accessible. With a robust digital marketplace, the company helps small business owners find and purchase the necessary insurance online. This convenience allows for a wide selection from multiple leading carriers, promoting choice and value. Their offerings include general and professional liability, business owner's policies, workers' compensation, and cyber insurance, among others.
Having established itself as an insurtech pioneer, Simply Business has almost two decades of expertise serving the needs of small enterprises, boasting over 1 million active customers. Originally founded in the UK in 2005, the company expanded into the U.S. market in 2017 and continues to grow, employing over 1,000 individuals across its various locations. The commitment to small businesses remains steadfast, and with this new partnership, it promises to deliver even more tailored solutions.
Frequently Asked Questions
What is the purpose of the partnership between Simply Business and Coterie Insurance?
The partnership aims to expand Business Owner's Policy coverage options, providing small business owners with more choices and competitive pricing.
How does Simply Business simplify the insurance process for business owners?
Simply Business offers a fully digital quote, bind, and issue process, allowing business owners to manage their policies entirely online for greater convenience.
Who benefits from the new offerings from Simply Business and Coterie Insurance?
Small business owners across various industries— including medical, retail, and trades—can benefit from tailored BOP coverage options designed to meet their specific needs.
What type of insurance products does Simply Business offer?
Simply Business provides a variety of insurance products, including general liability, professional liability, workers' compensation, and cyber insurance, among others.
How long has Simply Business been in operation?
Simply Business has been supporting small businesses for nearly 20 years and has a significant active customer base, reinforcing its position as a leader in the market.
