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American Express OPEN® Introduces InsuranceEdge, New Service provided By BOLT Insurance Agency that Simplifies Insurance Purchasing Process for Small BusinessesReal-time Quote Comparison from Multiple Carriers and Expert Guidance Helps Small Business Owners Identify the Right Insurance for Their Business
NEW YORK,  May 18, 2010 -- 

American Express OPEN, the small business division of the financial services company, in conjunction with BOLT Insurance Agency today introduced InsuranceEdge (www.insuranceedge.com) an innovative and easy-to-use, integrated solution designed to help small business owners research, review, compare and purchase the right commercial insurance for their business needs.  

Buying commercial insurance has always been complicated and time-consuming. 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. By using 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.

  • Cost Savings: InsuranceEdge allows small business owners to quickly identify an appropriate policy and compare quotes from multiple insurers to find a competitive rate before completing the full application.
  • Variety of Insurance Types: In addition to the four core policies highlighted online, more complex policies can be acquired through a BOLT insurance agent over the telephone.
  • Professional Guidance: Licensed BOLT insurance agents are available to answer commercial insurance related questions and assist in the purchasing process.
  • Open to All: InsuranceEdge is available to every business owner and there is no charge to search quotes and no obligation to buy.
  • Ease of Use: InsuranceEdge does not require a software download.

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®
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. This includes business charge and credit cards that deliver purchasing power, flexibility, rewards, savings on business services from an expanded lineup of partners and online tools and services designed to help improve profitability. Learn more at OPEN.com and connect with us at openforum.com and twitter.com/openforum.

American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success.  Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, twitter.com/americanexpress and youtube.com/americanexpress.


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.


Contacts

Rosa Alfonso212.640.1712rosa.m.alfonso@aexp.com

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