Located at http://www.insurepoint.com, start-up and small companies can easily find coverage, aimed at their needs. InsurePoint exclusively focuses on providing business insurance coverage and specialized resources for new and growing technology companies via the Internet.

"We have empowered business owners to identify a quality insurance carrier and agent, obtain the premium and secure binding coverage all in a matter of 48 hours, thanks to magic of e-commerce," stated Rob Davidson, co-founder of InsurePoint. "What traditionally has taken place in as many as three to four weeks can now be done in less than two days." Atlantic Mutual underwrites the coverage offered on the site, including property, general liability and errors and omissions for small businesses. Several insurance-related links and resources are also available on the site.

The alliance between Kibble & Prentice and Atlantic Mutual was a natural because of both companies' commitment to be at the forefront of the technology industry. Gregor Hodgson, Vice President of Kibble & Prentice points out, "Often smaller high tech companies are faced with choosing between expensive customized coverage forms or inadequate protection from standard policies; InsurePoint provides a turn key solution for many high tech companies." Kibble & Prentice recognized the need to provide a streamlined approach to the process because of the rapid growth of new technology companies.

InsurePoint signals a radical shift in those practices used in the business insurance industry. InsurePoint is changing the perception of the insurance industry at large through the innovative use of technology and the ease of use of its site. InsurePoint cuts the application process from hours to minutes, and the whole process of buying insurance from weeks to just a few days.

"We're excited about bringing the InsurePoint service to Washington businesses in tandem with the technology insurance experts at Kibble & Prentice," said Dennis Sellers, Chief Underwriting Officer at Atlantic Mutual. "Together we are going to demonstrate to Washington technology businesses that they can expect a new way of doing business with the insurance industry," emphasizes Sellers.

InsurePoint is the nation's first full-service, online storefront for business insurance. The site launched in June 1997 in California, and is now available in 10 states. InsurePoint is a joint Internet venture of South Pasadena-based Bolton & Co. and Atlantic Mutual, both veterans of the technology insurance business.

Kibble & Prentice is one of the largest independent insurance and financial services firms in the Pacific Northwest and works closely with many well-known high-tech companies headquartered there to address their unique insurance and risk management needs. The company has significant experience with emerging high-tech companies and established leaders in the biomedical, software development, hardware production and Internet and telecommunications industries. Kibble & Prentice is active in local industry organizations such as the MIT Enterprise Forum, the American Electronics Association, the Washington Software Alliance and the Northwest Venture Group.

The Atlantic Mutual Companies (Atlantic Mutual Insurance Co. and Centennial Insurance Co.) provide personal, marine and commercial property and casualty insurance through independent agents and brokers. Founded in New York City in 1842, Atlantic Mutual has offices throughout the United States. The Atlantic Mutual corporate Web site can be found at http://www.atlanticmutual.com, Bolton & Co. at http://www.boltonco.com and Kibble & Prentice at http://www.kpcom.com.

For a complete list of states where InsurePoint is available and to view the customized business insurance available in your area, please visit the Web site at http://www.insurepoint.com/home/select.cfm.

CONTACT:
Leslie Majors
InterActive Agency
(310) 664-6710 x109
leslie@iagency.com