Source: Carrier website and product data
Coterie Insurance: Law Firms Insurance Appetite
Coterie Insurance explicitly targets professional services as a focus segment. Fully digital quoting and binding process – Coterie Insurance's platform is designed for fast turnaround on small law firms accounts. Practice area is the single biggest premium driver – personal injury and real estate closing firms pay significantly more than corporate/transactional practices
Available Lines
| Line of Business |
|---|
| Business Owners Policy (BOP) |
| General Liability |
| Commercial Property |
| Professional Liability (E&O) |
| Cyber Liability |
| Employment Practices Liability |
Premium Range
$3,000-$25,000
Typical annual premium
Target States
All 50 states + DC
Key Features
- Coterie Business Owner's Policy (BOP) covers law firms operations with $10,000 Accounts Receivable, $5,000 Business Income from Dependent Properties, $10,000 Business Personal Property in Storage
- Coterie Cyber Insurance adds data breach response, notification costs, and regulatory defense coverage
- Coterie Insurance offers legal malpractice insurance with broad prior acts coverage and consent-to-settle clause
- Coterie Insurance offers EPLI covering wrongful termination and discrimination claims from associates and staff
- Online quoting available – agents can get law firms quotes without calling underwriting
Limitations
- No workers' compensation available – agents need a separate WC carrier for law firms employees
- Patent prosecution and IP litigation practices face restricted markets – many standard carriers decline or surcharge
- Solo practitioners with personal injury contingency practices may face higher minimums or separate rating
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