Answer Financial, a personal lines insurance agency, has partnered with CoverWallet to expand commercial insurance offerings for small businesses.
As per the agreement, Answer Financial has joined CoverWallet for Agent to leverage the technology platform.
The CoverWallet platform enables agents to quote, bind, and service customers online.
Answer Financial expects that joining CoverWallet for Agents will enable it to improve the efficiency of its agents and improve the overall customer experience.
The CoverWallet online platform allows agents to benefit from an end-to-end solution that facilitates them to generate instant quotes from leading carriers, compare coverage options, bind coverage, accept multiple customer payment methods, offering a seamless customer experience, through the online platform.
Answer Financial vice president insurance product management Jeff Sadler said: “With CoverWallet for Agents we can provide smarter and broad-ranging options for business owners to compare, buy and save on small business insurance while also continuing to offer them great auto and home insurance products from over 30 carriers.”
CoverWallet for Agents uses the CoverWallet platform, where agents are able to access carriers such as Chubb, Liberty Mutual, Hiscox, CNA, Starr and AmTrust to offer businesses insurance covering general liability, business owners policy, workers compensation, professional liability, cyber liability, and special events all through the online platform.
CoverWallet for Agents general manager Michael Konialian said: “Answer Financial is an exceptional agency, and we are thrilled to be working with them.
“As one of the largest agencies in the country for personal lines, this is an exciting example of an agency expanding services to cater to the 30 million small businesses in the U.S.”
In January this year, Aon acquired CoverWallet to expand its position in the commercial insurance market for smaller businesses.