BOLT recognized for its use of SeaPass technology, American Express partnership, and its online business model targeting the underserved small business market
Farmington, CT –July 11, 2011 – BOLT (Business Owners Liability Team), a leading insurance agency that exclusively protects small business owners, announces its top ranking in the 2011 Vanguards in Insurance Practices (VIP) Standards and TechnologyBest Practices Awards recently presented at the ACORD LOMA Insurance Systems Forumin San Diego. The VIP Awards are sponsored by INN in partnership with Celent.
“The VIP Best Practice Award – Phase II of the VIP Awards – is based on a nominationprocess that includes all vendors who had earned a spot in the VIP Phase I ranking.The BOLT nomination was submitted by SeaPass Solutions and focused on BOLT’s useof SeaPass technology as a way to provide commercial lines insurance via online,real-time, direct-to-consumer quotes from multiple carriers. In addition, the nominatedstory highlighted BOLT’s partnership with American Express; a partnership designedto offer services through a joint branding effort called InsuranceEdge which targetsAmerican Express OPEN small-business cardholders.
We extend our congratulations to the BOLT team for their VIP Best Practices Awardwin,” noted INN’s Editor-in-Chief, Patricia Speer. “BOLT’s initiative — providinga straightforward, responsive, and transparent method to enable the online buyingprocess, coupled with the trusted American Express brand — has proven to be a successfulapproach to gaining confidence and trust of small-business owners.”
“We are extremely honored to be recognized by the industry with this award and weextend our sincere thanks to both INN and Celent,” said Tom Hammond, BOLT ExecutiveVice President of Operations. “We strongly believe that this recognition validatesthe value of the use of technology, standards and strong partnerships in deliveringthe best possible customer service; especially to markets like small business ownerswho have not had a lot of options available to them in the past.”
BOLT, the Business Owners Liability Team, is a national insurance agency that exclusivelyprotects the owners of small businesses. BOLT agents help business owners choosethe right insurance products to fully protect both their businesses and themselvespersonally. BOLT offers an on-line and interactive experience with leading carriers.As such, business owners can thoroughly compare coverage and pricing, and ultimatelypurchase cost-effective insurance for their businesses within minutes. Businessinsurance policies offered by BOLT include, but are not limited to, General Liability,usiness Property Insurance, Workers’ Compensation, Commercial Auto, Umbrella Insurance,Errors and Omissions, Directors and Officers, Business Interruption, EmploymentLiability, Sexual Harassment and Flood. These policies are provided by top-ratedinsurance carriers such as The Hartford, CNA, Liberty Mutual, Ace and Chubb. BOLTInsurance Agency is headquartered in Farmington, CT, and is licensed to do businessin all fifty states. Come visit us at: www.boltinsurance.com
Director of Marketing
BOLT Insurance Agency