Running a small business is not easy – it is simply hard work! Between employees, customers, finances…there’s never enough time! And let’s not forget one critical task – getting proper insurance. But who has the time or energy to navigate the complex world of small business insurance? The headaches! The frustration! What if there was an easier way?
That’s where Next Insurance comes in. Next Insurance is an innovative insurtech company that is revolutionizing small business insurance by making it fast, easy and affordable for SMBs to get the customized protection they need.
In this blog post, we’ll take a deep dive into Next Insurance and how they are disrupting the small commercial insurance industry.
Overview of Next Insurance
Founded in 2016 and headquartered in Palo Alto, California, Next Insurance is led by tech entrepreneurs Guy Goldstein, Alon Huri, and Nissim Tapiro. The company has raised over $881 million in funding to date and is backed by prestigious investors like CapitalG, Redpoint Ventures, and Munich Re.
Next Insurance utilizes advanced technology and data science to offer customized insurance policies that are tailored to each business’s unique risks and needs. Their innovative digital platform pairs automation with human expertise to simplify the insurance purchasing experience for busy small business owners.
Benefits of Using Next Insurance
So what makes Next Insurance different from traditional small business insurance providers? Here are some of the key benefits of using Next Insurance for your SMB’s insurance needs:
- Quick, Easy Digital Quoting
Next Insurance’s user-friendly online platform makes it fast and simple to get a quote. Just answer a few questions about your business and Next Insurance’s proprietary technology instantly provides you with policy recommendations and pricing. No more waiting days or weeks to get quotes.
- Customizable Protection
Next Insurance doesn’t take a one-size-fits-all approach. Their platform allows you to easily customize your policy by selecting from different coverage options to build a plan that meets your business’s specific protection needs.
- Affordable Premiums
By leveraging technology and data, Next Insurance can offer competitive pricing that fits small business budgets. Their affordable premiums provide you with robust, specialized coverage without breaking the bank.
- Top Carriers & Financial Backing
Next Insurance partners with nationally recognized carriers like Munich Re to provide policies. You can trust you’ll be working with established insurers with strong financial backing.
- Knowledgeable Support
While Next Insurance automates much of the insurance process online, you still get access to insurance advisors when you need guidance. Their team of experts is available to provide experienced support via phone, email or chat.
- User-Friendly Experience
Next Insurance’s easy-to-use online platform lets you manage your policy, file claims and track payments conveniently on your schedule. The entire insurance purchasing and servicing experience is streamlined.
- Coverage For Hundreds of Classes
Next Insurance provides tailored policies for over 700 different types of small businesses across industries like retail, healthcare, beauty, tech, construction and more.
Types of Insurance Offered
Next Insurance offers a variety of insurance policies to protect different elements of your small business. Some of their most popular insurance products include:
- General Liability Insurance
This essential coverage protects your business if you’re sued for property damage, bodily injury, personal injury or advertising injury caused to a third party. Limits range from $500k to $3M.
- Professional Liability Insurance
Also known as errors & omissions insurance, this policy covers legal expenses if you’re sued for losses due to negligent work or failure to render professional services. Limits up to $3M available.
- Commercial Property Insurance
This covers damage to your office space, place of business, or commercial equipment due to covered causes like fire, lightning, windstorms, vandalism and more. You can also add coverage for business interruption.
- Workers Compensation
Required in most states, this covers medical expenses and lost wages for employees who suffer work-related injuries or illnesses. Next Insurance makes it easy to get compliant.
- Commercial Auto Insurance
This protects your business vehicles from liability and collision damage. You can get coverage for vehicles you own and hire/borrow. Limits up to $1M available.
- Cyber Insurance
Get protection against cyber threats. Coverage includes data breach response, cyber extortion, hacked website restoration, PR crisis management, and liability arising from data exposure.
- Business Owner’s Policy (BOP)
This packages general liability, property, and business interruption coverage together into one convenient policy to simply your insurance. A BOP meets many SMBs basic insurance needs in a single plan.
In addition to these popular options, Next Insurance also offers specialized policies like equipment insurance, event cancellation insurance, commercial excess liability, and more. Their experienced advisors can guide you in structuring the optimal insurance program for your business.
How to Get a Quote From Next Insurance
Ready to get an insurance quote from Next Insurance and see how they can provide you with easy, customizable coverage? Just follow these three simple steps:
Step 1: Go to www.nextinsurance.com and click “Get My Quote”
Step 2: Answer a few quick questions about your business like your industry, number of employees, and coverage needs. This takes less than 5 minutes.
Step 3: View your quote instantly online and easily customize your policies. If desired, connect with an advisor for guidance.
The entire quoting process can be completed in less than 10 minutes without ever needing to pick up the phone. Next Insurance’s real-time quoting technology makes getting covered faster than ever.
Is Next Insurance Right for Your Small Business?
If you’re looking to simplify your insurance and get fast, tailored coverage at a competitive price, Next Insurance is an excellent option to consider for protecting your small or medium-sized business. Their cutting-edge digital insurance platform provides a refreshing, hassle-free way for SMBs to get the protection they need.
To see if Next Insurance is right for your business, just head to their website, answer a few quick questions and get a customized real-time quote online. There’s no obligation and it only takes minutes. Or if you’d like to speak to one of their knowledgeable advisors for guidance on the right insurance solutions for your SMB, you can request a callback.
Conclusion
Getting the right insurance coverage is crucial for any small or mid-sized business owner. But for too long, the traditional insurance model has made it an unnecessarily complex, expensive process.
Next Insurance is transforming small business insurance by combining advanced technology with human expertise to offer fast, easy, affordable protection. Their innovative platform simplifies quoting, customizing policies, and managing your coverage on-demand.
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