NEXT Insurance, a digital insurer transforming small business insurance, announced the availability of its Business Owner’s Policy (BOP), a comprehensive insurance solution designed with the specific needs of small businesses in mind.
Building upon NEXT’s AI-powered, proprietary platform and underwriting expertise, NEXT’s BOP offering “enables agents to easily provide their small business clients with liability and property insurance coverage under a single policy that is simple to quote, bind and manage.”
NEXT’s BOP is said to be particularly ideal for ‘main street’ small businesses, “including restaurants, retail, and professional services.”
It combines the insurance coverage they most often “need to protect their standard business operations and allows agents a comprehensive, more effective way to serve their customers and earn commissions without spending time managing multiple standalone policies.”
Jack Ramsey, Vice President of Agent Business at NEXT Insurance, said:
“At NEXT, we understand the challenges small business owners face, particularly with navigating complex insurance decisions. Our mission is to transform this often daunting process into a more manageable one by empowering both entrepreneurs and their dedicated insurance agents with digital tools that simplify these choices. Our Business Owner’s Policy exemplifies the transformative power of digital solutions in modernizing traditional insurance practices.”
For restaurant owners, NEXT’s BOP not only “fulfills necessary insurance requirements into one single policy but also allows for key add-on coverages like Liquor Liability, Cyber, and Employment Practices Liability Insurance (EPLI) to be easily added for individual policy customization.”
For Professional Services, it protects “lease agreements and other risks associated with managing an office.”
Through new updated features within NEXT’s agent portal, agents experience “improved coverage selection, policy customization, and simple, clean coverage summaries to deliver an unparalleled experience.”
The agent portal also includes “a liability and property tab navigation bar, supporting intuitive interactions.”
NEXT’s BOP is now available in 10 states and “can be purchased directly through the NEXT website, through an appointed agent, or embedded through a trusted small business partner.”
