Progressive launches online quoting for commercial lines
Progressive has launched an online quoting system designed for small business owners.
The BusinessQuote Explorer (BQX) quoting platform provides online quotes based on the needs of each applicant, including business owners, worker’s compensation, general liability policies, and professional liability lines.
The launch comes as commercial and small-business insurance is increasingly being targeted by the insurtech sector. A survey earlier this year by LexisNexis said that commercial carriers should focus on automation and leveraging big data in order to stand out from the crowd.
“We understand the number of demands today’s small businesses faced with and are constantly looking at ways we can innovate the process of quoting business insurance to save them time and alleviate their questions and concerns,” said John Barbagallo, president of commercial lines for Progressive.
The branding for the platform is based on Progressive’s HomeQuote Explorer, launched in 2017.