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NEXT Insurance (https://www.nextinsurance.com/) is an award-winning insurer that allows your business to expand and reach untapped markets without fearing risks. You can easily apply for insurance and get coverage for your company. NEXT is famous for assessing your insurance policy application via AI and then approving your request in a jiffy.

Also, NEXT has been regarded as a trendsetter and tech sector disruptor by Forbes and other sources. That’s why you should put your faith in NEXT. In this blog, we’ll review NEXT, and explore its different services.

Quick Overview

NEXT Insurance is a digital insurer that provides coverage to 500k businesses belonging to more than 1.3k professions. Its policies are easy, simple, efficient, and 24/7 available. Also, NEXT uses artificial intelligence and machine learning to simplify this process. This insurer came into existence in 2016 in Palo Alto, California. It’s been recognized as Forbes Fintech 50 and Forbes Best Startup Employers.

Company Snapshot

In simple words, NEXT Insurance gives out insurance policies to deserving businesses (auto and liability among others). It uses an AI tool to process applications in just 10 minutes. So, you can get 24/7 access to Certificates of Insurance (CIs) and claims support. Many major companies, such as Intuit, are using these services to serve their customers. It had like 420k customers in 2022 but the number crossed 500k in 2023.

Contact Information

There’s limited information regarding how to get in touch with NEXT Insurance. This is what we have gathered by scouring their website for details:

• Website: www.nextinsurance.com
• LinkedIn: https://www.linkedin.com/company/7805032/
• X: https://twitter.com/nextinsurance1
• Facebook: https://www.facebook.com/NextInsuranceUSA/
• Instagram: https://www.instagram.com/nextinsurance
• Address: Next Insurance, Inc. 975 California Ave, Palo Alto, CA 94304

You can talk to their AI assistant as well. If you want to get in touch with NEXT Insurance, do keep in mind that they’re open on weekdays only from 8 AM to 5 PM CT. Also, their website provides information regarding their services in both English and Spanish.

Reviews & Ratings

NEXT Insurance is a highly rated company known for its comprehensive insurance plans for small businesses. It has achieved high ratings for its exceptional services.

• BBB gives it 4.05 out of 5 stars based on 800+ reviews
• Nerdwallet gives it 4.5 out of 5 stars
• TrustPilot gives it 4.6 out of 5 stars based on 760+ reviews

Customers have praised NEXT Insurance’s services for being reasonably priced and easy to use. They appreciate how your business can get coverage in like 30 minutes. However, they did complain about the lack of proper customer service and how hard it is to talk to a human. In this regard, NEXT Insurance is on the same level as Thimble.

Types of Business Insurance Provided

NEXT Insurance covers various businesses nationwide. As mentioned before, over 1,300 professionals can use their services to get insured against hassles & mishaps. NEXT’s fair services let you take smart risks with business expansion. Whether you’re a business owner just starting their journey or running with a team of 20, NEXT has your back. So, NEXT will offer you these different insurance types:

• Business Insurance
• General Liability
• Workers’ Compensation
• Commercial Property
• Commercial Auto
• Errors and Omissions
• Product Liability
• Liquor Liability
• Tools & Equipment
• Business Owner’s Policy (BOP)

Industries Served

NEXT Insurance is famous for providing ample coverage to various businesses in the US. NEXT does offer a wide range of services to different professions. They have recently launched a standalone service for consultants. This professional liability service tailored to consultants is a testament to the comprehensive nature of their services. Also, NEXT serves these industries:

• Beauty
• Cleaning
• Construction
• Therapy
• Retail
• Real Estate
• Education
• Fitness
• Entertainment

Therefore, NEXT will serve different professionals ranging from carpenters & yoga teachers to Amazon sellers & roofing contractors. In Texas, Florida, and California, business owners can avail of their services, getting insured without hassle.

Eligibility Criteria

We don’t have accurate information regarding the eligibility criteria of NEXT Insurance. It is bound to be the same as Thimble’s eligibility criteria. So, the size of your business, type, and insurance type will come into play here. Moreover, you should submit accurate information to the insurance provider for the sake of maintaining your eligibility.

Cost & Prices

NEXT Insurance doesn’t reveal their pricing model and you have to get in touch with their sales department to get a quote. That’s because your insurance policy’s price will be based on your profession, company size, and other factors. However, asking around online, we did learn that most business owners have general liability insurance that costs like $50 a month.

They do claim on their website that their prices for general liability insurance start at $19 per month. So, you understand that NEXT is affordable when it comes to business insurance!

Also, keep in mind that your insurance payment can be expensive based on your location. It is also important to note that the stuff covered by this policy and whether this policy is issued or renewed also have a role in deciding how much you’ll pay for your NEXT insurance.

Don’t forget that this pricing list depends on the type of your business and other factors.

FAQs – NEXT Insurance

What kind of coverage does NEXT offer?

NEXT Insurance offers a wide range of coverage options. They provide essential protection to over 1,300 professions. Also, if you bundle two or more policies with NEXT, they give you a 10% discount.

How much does it cost to get NEXT insured?

NEXT Insurance for general liability starts at $19 per month. Most of its clients claim to pay a little over $50 per month. However, the size and nature of your business will determine your ultimate price.

How do I file a claim with NEXT Insurance?

Filing a claim with NEXT Insurance is pretty easy, actually. You will apply online, tell NEXT what happened, and a claims advisor will get back to you to resolve your problem.