BlueVine, an established provider of innovative financial services for small businesses, reveals that it has teamed up with NEXT Insurance, a digital Insurtech firm that’s transforming small business insurance, in order to offer BlueVine clients with convenient access to customized, affordable insurance policies.
As mentioned in a release shared with CI:
“Available now, BlueVine Business Checking customers can learn more about a special offer on NEXT policies right from their BlueVine account dashboard and receive an insurance quote in ten minutes or less.”
BlueVine and NEXT are committed to assisting small businesses with cutting through the complexity of financial services, so they can find products that are “tailored” for their requirements.
By offering an option for NEXT business insurance to new and existing digital banking clients, BlueVine is addressing a major pain point for small business owners, and “empowering entrepreneurs through this partnership to seek out customized, technology-first solutions that enable their businesses to grow and scale,” the announcement noted.
Eyal Lifshitz, CEO and co-founder, BlueVine, stated:
“For far too long, business solutions including banking and insurance have overlooked the needs of small businesses. We are exclusively focused on helping small business customers, and to do this, it’s critical that we provide them with a curated platform that supports their goals. Our partnership with NEXT is a natural progression in our efforts to solve the financial needs of small businesses by providing access to relevant and best in class insurance products quickly and seamlessly.”
More than 40% of small businesses go without “business-specific” insurance coverage, instead depending on personal insurance policies or even risk operating their company or business without insurance “entirely.”
But small business insurance is often required by state law “to operate a business and is a critical piece to maintaining financial security,” the announcement explained while pointing out that BlueVine assists small business owners “by leveraging technology to bring speed and simplicity to its banking product offerings.”
This partnership with NEXT further simplifies the insurance purchasing process “by providing customers with a comprehensive suite of financial products that serve the holistic needs of small business owners.”
Guy Goldstein, CEO at NEXT, remarked:
“Our digital insurance solutions can be easily integrated into small business provider platforms like BlueVine, simplifying access and meeting customers where they are. NEXT’s partnership with BlueVine allows customers to purchase their insurance without leaving their accounts and instantly get a policy tailored to their small business. We look forward to working together to continue to help small businesses thrive.”
BlueVine’s management noted that they’re taking care of the “holistic” requirements of SMEs by looking at the “significant” financial milestones for small businesses and offering appropriate tech-driven solutions.
After completing a short application, existing BlueVine Business Checking customers can “receive a customized quote through NEXT, with the ability to easily purchase and bundle General Liability, Professional Liability, Workers’ Compensation, Commercial Auto, Commercial Property and Tools and Equipment insurance coverage.”
For BlueVine clients, NEXT is providing a “special” discount on insurance policies, the announcement revealed.