Next Insurance is a top choice for small-business insurance because it’s designed specifically for small businesses. They offer all the usual types of commercial insurance like general business liability and workers compensation, but they also have more specialized policies like liquor liability and errors and omissions coverage. What’s great about them is that they tailor their policies to fit the needs of individual businesses. Plus, getting an insurance quote online is a breeze and you get immediate proof of insurance once you’re covered.
Whether you’re an experienced entrepreneur looking to switch insurance providers or a newcomer wanting to protect your new business, Next Insurance is there to help. They’re not your typical insurance company, and that’s why they might be the perfect fit for your small business.
So, what is Next Insurance? Founded in 2016, Next Insurance provides custom business insurance policies and packages to small businesses in the U.S. They offer a range of insurance types, from general liability and workers compensation to professional liability, commercial auto coverage, and insurance for tools and equipment. They even have more specialized types of business coverage.
Next Insurance stands out because they tailor their offerings to specific professions and customize coverage for individual businesses. They’re not like those big, impersonal insurance companies with a one-size-fits-all approach. They cater to a variety of industries, including professional service providers, contractors, restaurants, entertainment businesses, e-commerce entrepreneurs, and real estate professionals.
As someone who reviews insurance companies for a living, I can honestly say I’m impressed by Next Insurance. They’re relatively new, but they’re backed by the financial strength and reputation of Munich RE, which has an A- (Excellent) rating from A.M. Best.
Next Insurance can definitely compete with commercial insurers that have been around for decades. In a comparison with Nationwide, one of the country’s biggest commercial insurers, Next Insurance holds its own. They offer immediate proof of insurance, a quick application process, and they serve over 900 professions with personalized solutions.
Next Insurance stands out from other small-business insurers for several reasons. They offer fast proof of coverage with a live certificate of insurance (COI) available 24/7 through their app. They tailor policies to specific professions because they understand that different jobs have different insurance needs. They offer a wide range of coverage options for complex and niche businesses. And everything, from applying for your policy to getting your insurance certificate to filing a claim, can be done through the Next Insurance app.
Next Insurance offers a wide range of coverage options in personalized packages. Their application process is simple and quick, and they have a useful mobile app. You can access your live COI 24/7, and they serve hundreds of professions. They tailor policies to individual businesses’ needs and offer a bundle discount for every package of two or more policies.
However, Next Insurance might not be the best choice for everyone. It’s not ideal for business owners who prefer working with insurance agents or for entrepreneurs who need certain specialized types of coverage. It’s also not a place to find multiple quotes from different insurers.
Next Insurance offers seven broad types of insurance, including general liability, workers compensation, professional liability, commercial auto, tools and equipment, commercial property, and business owner’s policy. They also offer niche coverages like product liability, liquor liability, and hired and nonowned auto insurance.
Next Insurance serves more than 900 professions and trades. They offer a live certificate of insurance that lives in the Next mobile app. It’s accessible 24/7 and you can share it instantly with anyone who needs to see it. You can also make policy changes directly in the app.
You can file a claim in the Next Insurance app without calling your insurance agent or contacting Next Insurance directly. If you prefer to speak with a human, you can call Next Insurance’s claims hotline. They strive to resolve claims within 48 hours.
Next Insurance is a legitimate company. They’re a relatively new brand, but they’re backed by Munich RE, a global insurance company that has been around for decades. A.M. Best gives it an A- (Excellent) rating.
Next Insurance isn’t the only option for business insurance. There are other companies like Hiscox, Progressive, Chubb, and CoverWallet that might be a better fit depending on your needs.
In conclusion, Next Insurance isn’t perfect. They don’t offer insurance products commonly offered as employee benefits, like disability insurance or health insurance. They also omit a few types of business insurance, like key person coverage. But with a powerful mobile app, 24/7 COI access, an easy application process, and tailored policies for hundreds of different professions, Next Insurance is a superior business insurer.
