What:
Aon and PayPal announced an initiative to help millions of PayPal’s small business customers in the U.S. access insurance simply and quickly.
Why:
This new initiative is designed to address some of the most persistent challenges small businesses face with their insurance decisions — time, effort, choice, and cost.
How:
- The digital insurance program will enable PayPal’s small business customers in the U.S. to shop for, purchase, and manage insurance coverage through Aon’s CoverWallet solution on the PayPal Commerce Platform, online and in minutes.
- Customers can also obtain personalized advice and guidance from Aon’s licensed insurance advisors.
- By working with Aon, PayPal will be able to provide its small business customers with streamlined access to small business insurance via Aon’s CoverWallet solution on the PayPal Commerce Platform.
- Small business owners in the U.S. are confronted with the challenge of selecting the most appropriate insurance for their business, and they may not have the time to research, shop for and purchase insurance.
- As a result, many of these businesses are underinsured, meaning they do not have the proper insurance coverage to fully protect their business.
- PayPal’s small business customers in the U.S. will benefit from real-time visibility into the typical coverage and average costs for their insurance needs, a breadth of online quotes and coverage options from top carriers, and the convenience of purchasing insurance with their PayPal accounts via Aon’s CoverWallet solution.