Coterie Insurance, a small business insurtech, announced its expansion into New York State. With the addition of New York, Coterie insurance products are now available to agents, brokers and small employers across the nation.
New York agents and brokers can now access Coterie’s offerings on its website and small businesses in New York can connect with one of Coterie’s 5,000 agents via the website’s Find an Agent tool. The Coterie dashboard offers a qualification checker that indicates within seconds if a business is within the Coterie appetite.
“New York has the 10th largest economy in the world and maintains one of the largest employment populations of micro-businesses under 20 employees in the nation,” says Pete Buccola, vice president at Coterie.
In addition to partnering digitally with agents and brokers, Coterie aims to integrate insurance purchasing into existing small businesses processes. The company has teamed up with platforms including Intuit Quickbooks and Thryv in order to deliver business insurance through tools customers are already using. The company has also partnered with Independent Market Solutions and First Market Connect to help expand its capabilities to insurance agents already serving small businesses.
Coterie offers general liability, professional liability and business owners policies for small employers and freelancers. Coterie’s insurance products are underwritten by Spinnaker Insurance Co. and Benchmark Insurance Co.Coterie is led by David McFarland, founder and CEO.
The Cincinnati-based insurtech pulled in $11.5 million in new venture funding in February 2021 That followed an $8.5 million initial financing round in March 2020. Its investors include Intact Ventures, Alpha Edison, Lackawanna Insurance Group, RPM Ventures and Allos Ventures.