Patent ID: 8589190

Claim:
A computer system for insuring a business owner, comprising: a database containing acceptable profile values for characteristics of micro business insurance customers, a fixed price, and predetermined coverages and coverage limits for a business owner's policy; and one or more computer systems having access to the database and being configured to execute computer software: to the calculate acceptable profile values for characteristics of micro business insurance customers based on data for existing customers in similar micro businesses, and set the fixed price and predetermined coverages and coverage limits for the business owner's policy based on said data, the characteristics selected from a combination of two or more of: micro business classification, payroll amount, credit score, or premises size; to store the acceptable profile values, fixed price and predetermined coverages and coverage limits for the business owner's policy in the database; to receive, over a network from a computing device of a micro business party, application information from the business party describing aspects of the party's business related to the selected characteristics; to compare the application information received from the party to the profile values; and in response to the party having acceptable values for the characteristics, offering the party the business owner's insurance policy having the predetermined coverages and coverage limits at the fixed price without further risk analysis of the party.