Next Insurance, an insurtech seeking to transform small business insurance, announced on Wednesday it has teamed up with Amazon Business to provide eligible members the opportunity to access customized small business insurance. According to Next Insurance, the collaboration will allow Business Prime members to easily obtain a quote from Next Insurance and quickly purchase General Liability, Professional Liability, Workers’ Compensation, Commercial Auto, and Tools and Equipment insurance coverage.
While sharing more details about the partnership, Guy Goldstein, CEO of Next Insurance, stated:
“We believe the future of the insurance buying experience involves meeting customers where they already are and making it easy to purchase customized and affordable policies. We are proud to continue to be chosen by top companies, like Amazon, who understand the best way to serve small businesses is through digital solutions. With Amazon Business Prime, we are taking a large step toward providing greater access to seamless insurance coverage.”
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.”
Next Insurance recently secured $250 million through its Series D funding round, which was led by CapitalG, Alphabet’s independent growth fund, with participation from FinTLV, a global insurtech VC, and existing investor Munich RE Group.