Method for hedging the risks of e-commerce businesses

摘要

Procedure in which web-based e-commerce transactions are insured against by a very rapid additional insuring step where details of the proposed transaction are sent from the potential purchaser to an insurance databank on a server computer or network and a search is carried out for the sellers details in the databank. If the necessary conditions are fulfilled then the sale is authorized. When a purchaser wishes to buy something from a sellers web-site details relevant to the purchase (4) are sent to a databank (3). Here a search is carried out in the databank for details relevant to the seller such as his credit rating. An insurance or policy number (5) is granted if the transaction is successful. When the check is unsuccessful no number is granted and an appropriate message is sent over the data network (World Wide Web using HTML). A company wishing to sell over the Internet pays a premium to an insurance company that then registers its details and sets a transaction credit limit for it in a database.