Patent ID: 8005734

Claim:
A method of providing on-demand access to intermittent risk exposure liability insurance, comprising: (a) establishing an Internet Web site; (b) providing access to said Internet Web site to an insured and one or more insurers; (c) the insured and an insurer, through said Internet Web site, entering into an insurance contract for multiple coverage periods for actual risk exposure for one or more intermittent risks for an item or items of insurable property, where entering into said insurance contract is performed in real time and in parallel; (d) as time progresses, the insured entering for each intended coverage period a start and stop time, covered property identification, and one or more of said risks through said Internet Web site, whereupon, in real time and parallel, the insured is provided costs of insurance coverage for the each coverage period, accepts such costs, and is conditionally bound to pay the insurer the costs for accepted coverage periods; and (e) as time further progresses, logging an actual start time for each coverage period via said Internet Web site indicating a start of actual risk exposure in each coverage period in which insurance policy coverage and costs actually begin to accrue only upon the actual start time.