Many UK consumers lack adequate protection for their everyday purchases. Typical home insurance policies don’t cover items that are accidentally damaged, or stolen outside the home, and likely attract a high contribution payment (excess) toward any claim, along with repercussions on future premiums. And therein lies the protection gap.
Why we do it
Only the largest retailers are sophisticated enough to have the capability to provide this cover/service to customers at present. Bolt Cover has created scalable insurance solutions for retailers of any size and sophistication, to allow them to do so too.
Providing customers with options to protect items against perils such as accidental damage and theft at point of sale is shown to:
● Enhance customer loyalty and experience
● Boost conversion, aiding the bottom line for retailers
● Differentiate and raise your brand image to help in a competitive market
● Extend the useful life of products and promote the circular economy
● Reduce customer support costs