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American Express OPEN Introduces On-line Solution for Small Businesses to Comparison-Shop Insurance

Source: American Express Open

Posted on 19 May 2010

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American Express OPEN, the small business division of the financial services company, in conjunction with BOLT Insurance Agency today introduced InsuranceEdge ( a solution designed to help small business owners research, review, compare and purchase the right commercial insurance for their business needs.

InsuranceEdge pairs an online module with telephone support to offer an all-in-one business insurance solution that enables business owners to obtain real-time price comparisons across multiple carriers, receive guidance from experienced and licensed BOLT agents and get round-the-clock access through a streamlined web portal. Via the InsuranceEdge Web site, users can receive quotes for four core policies including General Liability and Business Property, Workers Compensation, Commercial Auto and Umbrella.

"Commercial insurance is essential for businesses to survive a calamity, but for small business owners knowing if they have obtained great coverage at the right price has proven difficult," says Robert Ciccone, vice president, American Express OPEN. "With InsuranceEdge small businesses will have a turn-key tool enabling them to intelligently choose the coverage that best fits their needs and help ensure that their businesses are protected."

Through a simple and convenient application process, most small business owners can instantly price, compare and purchase commercial insurance policies.

Quoted insurance companies are among the leading carriers in the United States. All have a rating of A- or better from A.M. Best, a third-party credit rating organization with more than 100 years experience.

About American Express OPEN(R)

American Express OPEN is the leading payment card issuer for small businesses in the United States and supports business owners with products and services to help them run and grow their businesses.

The insurance services are offered through Business Owners Liability Team LLC d/b/a BOLT Insurance Agency, a licensed insurance agent that represents the participating insurance companies. BOLT Insurance Agency is not an insurance company. American Express Travel Related Services Company, Inc., ("American Express") and its OPEN division are not agents of any of the participating insurance companies or BOLT Insurance Agency. American Express will receive compensation from BOLT Insurance Agency in connection with BOLT Insurance Agency's sale of insurance. American Express is not responsible for the site content, operation, data collection, BOLT's compliance with its privacy practices or services provided.