SYSTEM AND METHOD FOR ADMINISTERING BUSINESS INSURANCE TRANSACTIONS USING CROWD SOURCED PURCHASING AND RISK DATA
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United States of America Patent
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Issued Date -
Dec 18, 2014
app pub date -
Jun 14, 2013
filing date -
Jun 14, 2013
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A data processing system for processing and selecting business insurance coverages is disclosed. The system uses crowd sourced data related to purchasing and risk concerns to correlate business owner requests for insurance recommendations in real time. Business owner policy configurations and options may be selectively tailored to a business owner based on the crowd sourcing data in a single or multi-insurer platform. Weather, economic and industry trend data may be used to configure appropriate business insurance recommendations.
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