Pleasanton, CA, April 22, 2021 - IIABCal welcomes its newest associate member, CoverWallet for Agents. From its founding, CoverWallet's mission was to make insurance simpler, faster, and more convenient for small businesses, but the plan was always to expand its technology to agents as well. Agents were quick to take notice of how the platform could help grow their book of business.
“We started CoverWallet to reinvent commercial insurance [for small businesses]. By building our customer-centric platform and leveraging advanced data science, beautiful design, and state-of-the-art technology, we have been able to simplify insurance,” said Inaki Berenguer, CEO and Co-Founder of CoverWallet. After launching in 2015, the company started receiving numerous requests from agents who wanted to work with CoverWallet. They would go through the online application on behalf of their clients to generate instant online quotes, but they weren’t able to bind the coverage on their behalf. CoverWallet for Agents was the solution.
CoverWallet for Agents, in a nutshell
CoverWallet for Agents provides agents with instant quotes, online bindable policies, and real-time proof of coverage. Through a dynamic online application that uses data and analytics, agents instantly receive quotes from top carriers for seven lines of business including General Liability, Business Owners Policy, Workers Comp, and Professional Liability. The platform is integrated with top national carriers including Chubb, Starr, CNA, and AmTrust.
Quote and bind policies in minutes -- instead of hours, days, or weeks
Whether you’re working as a captive agent or an independent agent, having the right technology platform will go a long way in helping you quickly and efficiently quote, bind, and manage policies for your clients. Traditionally, getting a quote for a commercial client could take days or even weeks. But, with CoverWallet for Agents, you can get multiple quotes instantly, saving you and your clients time and money.
Benefits of the CoverWallet for Agents platform include:
- Easy online quote application that can be completed in minutes
- Multiple, instant, bindable quotes from top-rated national carriers
- Access to Liberty, Chubb, CNA, Hiscox, and more -- no appointments needed
- Downloadable pre-filled ACORD forms (ACORD 125, 126, 130, and 140 available)
- Up to 15% commissions, varies by carrier and insurance type
- No platform fees, no production minimums, no long term commitments
"I have over 20 years of experience in the insurance and finance industry, and used to be a member of IIABCal as an independent agent when I lived in California, many moons ago," said John Wales, General Manager of Coverwallet for Agents. "Having been an agent myself for decades, I used CoverWallet for Agents before I joined the company and I know, without a doubt, it's going to help the agents of IIABCal grow their commercial book of business. I wanted to join again so that I could help evangelize a product I truly believe in."
Wales will share his tried and true tips and tricks for growing your commercial book of business during a Member Spotlight webinar, “How To Break into the Small Commercial Business,” Thursday, May 20th, from 10 to 10:30 a.m. PDT. During the complimentary webinar, Wales will also run through a demo of the CoverWallet for Agents platform and answer any questions live! For more information and to register for the webinar, click here.
For more information on IIABCal's newest associate member, Coverwallet for Agents, and how its free platform can help you grow your commercial book of business, visit agents.coverwallet.com.