Next Insurance, an insurtech seeking to transform small business insurance, announced on Monday the availability of Tools and Equipment and Hired and Non-Owned Auto (HNOA). According to Next, the product offerings are the latest developments in the company’s path to becoming the one-stop-shop for insurance coverage for “today’s self-employed and small business owners.”
“Next Insurance’s Tools and Equipment coverage provides policyholders protection from theft and damage on all regularly transported, owned and borrowed equipment and tools, including employee tools and clothing.”
Next also reported that the Tools and Equipment is an add-on to the company’s General Liability policies and will initially be available in 48 states across the U.S., including California, Florida, Texas, in addition to Washington, D.C. Speaking about the new product, Guy Goldstein, co-founder and CEO of Next, stated:
“Next Insurance aims to simplify insurance for small businesses by bringing all their needs under one roof. Launching Tools and Equipment and bolstering commercial auto coverage for vehicles that businesses don’t own, is yet another step towards becoming the one-stop-shop for all small businesses.”
Founded in 2016, Next Insurance is on a mission to transform small business insurance with “simple, affordable” coverage that is tailored to the needs of each class of business.
“Next Insurance offers policies that are easy to buy with instant, 24/7, online access to services such as Live Certificates of Insurance, Additional Insured, and more with absolutely no extra fees. Revolutionizing traditional insurance processes, Next Insurance is utilizing advanced technology to offer the industry’s most innovative small business insurance policies.”