INSURATECH TO OFFER FIRST EVER INCOME PROTECTION FOR ONLINE SELLERS
INDIANAPOLIS, March 17, 2017 – InsuraTech, a James Allen Insurance Company, announced today it would be partnering with Voldico Insurance and Well Insurance to market a new policy to cover lost income of online storefront operators in the case of an unexpected suspension. With a maximum coverage limit of $1,000,000 and a zero-dollar deductible, the first-of-its-kind online sellers income protection policy will cover up to 90 days of revenue loss per fiscal year due to sudden suspension from online retail fronts.
“There is a lot of fear amongst sellers in the online community of having their account suspended with no access to their revenue,” Tim Craig, CEO of James Allen Insurance, said. “We have created a product to pay for their lost revenue and provide peace of mind to every seller who purchases our coverage.”
In addition to daily coverage of revenue losses, claiming policyholders will also have coverage up to $500 to hire a reinstatement specialist to get their online business in good standing again.
Interested online sellers can apply online in three minutes to determine their annual premium, coverage limit and download their policy to protect their revenue stream from an unexpected suspension.
InsuraTech is a wholly-owned subsidiary of James Allen Insurance with a focus on providing coverage of digital assets for the retail and education industries. Partnered with Underwriters at Lloyd’s of London, the oldest insurer worldwide, InsuraTech strives to bring peace of mind to its policyholders in times of distress and insecurity. For more information about InsuraTech’s services and program details, please visit www.insuratech.net.
Tim Craig, CEO