To furuknap: Currently we are licensed in every state except Alaska, and only offer insurance within the US (We do insure people travelling from the US). The reason however is because we've never had a market outside of the US (We currently have 3 branches in Indiana, one in Kentucky, and one in Florida). I will definitely bring it up with the owners of the company and see if it's something that we can look into in the future.
To Joris/100x: Both of you are 100% right. Our first policy ended up costing more in terms of time getting it set up and payment delivered to accounting than a normal policy would, and I expect it will be the same for our first few commercial policies as well until everything becomes more automatic. I do think that once everyone at the company becomes more used to accepting Bitcoin policies, that it will end up being cheaper in the long-term. When we reach that point, I would definitely like to offer discounts and I'll see if that's possible as well.
Thanks again everyone!
Ken
To Joris/100x: Both of you are 100% right. Our first policy ended up costing more in terms of time getting it set up and payment delivered to accounting than a normal policy would, and I expect it will be the same for our first few commercial policies as well until everything becomes more automatic. I do think that once everyone at the company becomes more used to accepting Bitcoin policies, that it will end up being cheaper in the long-term. When we reach that point, I would definitely like to offer discounts and I'll see if that's possible as well.
Thanks again everyone!
Ken