Nationwide has launched an online insurance “storefront” for small businesses. According to the company, it will give users the ability to generate a quote and bind a policy in minutes, either online or through a Nationwide agent.
Currently, the web-based service includes these features
- Eligible businesses can bind policies online using Nationwide’s Commercial Digital Direct tool in states where the product is currently available.
- Businesses with more complex risks are direct the user to a Nationwide agent who will have business information from the previous step.
- If Nationwide is unable to offer a product that meets the business owners’ needs, the tool offers coverage across five products with other carriers. (The company plans to add additional carrier products in the future.)
The Commercial Digital Direct platform, which enables eligible businesses to quote and bind entirely online though the commercial digital storefront, is available in 13 states (now 16) with plans to grow that number in 2019 and 2020.