Hiscox Partners with Business Insurance Now to Provide Insurance Coverage to Small Businesses

NEW YORK, June 30, 2011 /PRNewswire/ -- Hiscox, the first insurer offering U.S. small businesses the ability to purchase business insurance direct online and in real time, today announced a partnership with Business Insurance Now to meet the needs of their small professional services customers.  Customers contacting Business Insurance Now for quotes can now get access to professional liability insurance quotes from Hiscox, tailored to the specific needs of their business.

Designed specifically for the small business and home-office markets, Hiscox small business professional liability insurance coverage (errors and omissions insurance) is customized for a range of knowledge-based professions including public relations, human resources, management consulting, business consulting and marketing.  

"Business Insurance Now has been serving small business customers in the US for many years and is a brand we've been closely watching for some time now. It's exciting to be able to expand the distribution footprint of our specialized small business products with such an experienced and respected partner in the small business space," said Kevin Kerridge, small business insurance expert from Hiscox. "Hiscox has specific expertise serving the insurance needs of small professional services businesses, and Business Insurance Now will help more of these customers get insurance coverage tailored to their specific business."

The partnership with Business Insurance Now is an extension of Hiscox's direct business, which offers professional liability insurance quotes direct and online in real-time along with other liability insurance products such as general liability insurance.  

"Over the past ten years we have been the leader in making it easy for small business owners to access best-of-class insurance products online," said Darren Beck, CEO of Business Insurance Now. "Hiscox's targeted underwriting approach and excellent products advance the evolution of the small business insurance space and are a welcome addition to our streamlined process for providing multiple competitive insurance quotes for our small business clients."

To learn more about Hiscox Small Business Insurance, either visit the Hiscox direct service at http://www.hiscoxusa.com/small-business-insurance/ or www.businessinsurancenow.com.  Hiscox is also now on Twitter, Facebook and LinkedIn.

Read more news from Hiscox here.

About Hiscox in the U.S.

Hiscox, the international specialist insurer, is headquartered in Bermuda and listed on the London Stock Exchange (LSE: HSX). There are three main underwriting parts of the Group – Hiscox London Market, Hiscox UK and Europe and Hiscox International. Hiscox International includes operations in Bermuda, Guernsey and the USA. Hiscox ASM Ltd, Hiscox Underwriting Ltd and Hiscox Syndicates Ltd are authorized and regulated by the UK Financial Services Authority. The ability of syndicates at Lloyd's to do business in the USA and its territories is restricted as they are not US-based insurers.

Hiscox Inc., a Delaware corporation headquartered in New York, d/b/a Hiscox Insurance Agency in CA, is a licensed insurance intermediary for admitted and surplus lines business. Hiscox Inc. underwrites on behalf of, and places business with, Hiscox Insurance Company Inc., other domestic insurers, and syndicates at Lloyd's (www.lloyds.com). Hiscox Insurance Company Inc. is a Chicago, IL domiciled insurer which is admitted or licensed to do business in all 50 states and the District of Columbia.

Inquiries as to insurance, products or services, other than those offered by Hiscox Small Business Insurance, should be directed to an insurance agent or broker licensed to conduct business in the relevant U.S. state. For further information about an insurer's ability to do business in the USA and US territories please contact a licensed agent or broker for advice.

This communication provides general information on Hiscox's products and services only and, except with regard to Hiscox Small Business Insurance, is not intended to be, and does not constitute, a solicitation of business by syndicates at Lloyd's from or in respect of the USA or U.S. territories. The information contained herein is not a part of an insurance policy, and may not be used to modify any insurance policy that might be issued. In the event the actual policy forms are inconsistent with any information provided herein, the language of the policy forms shall govern.

About Hiscox Small Business Insurance

Hiscox is the first company in the U.S. to offer insurance coverage for professional services businesses with 10 employees or less direct, online, and in real-time. We provide professional liability, general liability and business owners insurance, underwritten by Hiscox Insurance Company Inc.  Hiscox Insurance Company Inc. is rated 'A' (Excellent) by A.M. Best Company.

Quote and buy customized coverage online at hiscoxusa.com/small-business-insurance/ or by calling a Hiscox licensed advisor at (888) 202-3007 (Mon-Fri, 8:00 AM - 10:00 PM EDT).

About Business Insurance Now

Business Insurance Now is a nationwide insurance agency that specializes in assisting small businesses and independent contractors with finding the right business insurance for their needs.  Business Insurance Now's web site and proprietary technology streamlines the application process with leading insurance carriers to easily obtain multiple competitive quotes for our clients.  Business Insurance Now can help any size business with products including, general liability, professional liability (errors & omissions), business owner's policy (BOP), workers compensation, commercial auto, and more.  For more information, visit www.businessinsurancenow.com.

Disclaimer

Coverages are subject to underwriting and may not be available in all states.  As of December 31, 2010, Hiscox Insurance Company Inc. had admitted assets of $67,630,365 and policyholders surplus of $55,085,042. Total liabilities were $12,545,323 (inclusive of $1,968,156 in  reserves) and paid up capital stock was $4,200,000.

SOURCE Hiscox

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