NEXT Insurance, a digital insurtech company transforming small business insurance, announced a new offering to support small businesses with multiple operating locations across a single state, allowing single-entity small business owners with numerous locations “to purchase workers’ compensation (WC) coverage through one single policy.”
NEXT‘s addition of multi-location coverage for WC demonstrates the company’s commitment to “empowering entrepreneurs by simplifying the purchasing process to easily secure the coverage they need at the time that works best for them.”
This move makes NEXT one of the first WC insurers “to provide a fully digital experience for managing multi-location small businesses.”
Multi-Location WC coverage is tailored for growing businesses with complex insurance needs “as they open additional locations and hire more employees, which can increase the likelihood of workplace accidents.”
This service will provide online binding and servicing “for businesses with multiple branches or offices.”
Small business owners can now update and “self-service their insurance policies across all their locations 24/7, giving them more flexibility and time to focus on their business.”
Additionally, this new offering “enables agents and partners to sell NEXT policies to larger businesses, who often need to update coverage as they expand to multiple locations.”
Jack Ramsey, VP of Agents at NEXT said:
“Until now, entrepreneurs have struggled to manage multiple locations and scale their operations with the right protection and, ultimately, the peace of mind that coverage offers. Multi-location for workers’ compensation will simplify coverage options for small businesses with multiple locations, saving them valuable time managing their policies. This new offering also gives SMBs the peace of mind that with NEXT, their coverage options will grow in tandem with their business.”
Accessible through NEXT’s online digital platform, small business owners across “sectors like: food & beverage, retail, and professional services, among others—can instantly access a streamlined application process that reduces administrative work and cumbersome data uploads.”
Whether directly through nextinsurance.com, a NEXT agent, or NEXT’s embedded partner ecosystem, entrepreneurs “can get a quote and purchase a multi-location WC policy instantly to help ensure their livelihood is protected.”
As noted in the update, NEXT Insurance is a digital insurer transforming small business insurance “with simple, digital coverage tailored to the self-employed.”
NEXT reportedly offers policies that “are easy to buy and provides 24/7 access to purchasing and servicing, including Certificates of Insurance, additional insured, and more, with no extra fees.”
NEXT utilizes AI and machine learning to simplify “the purchasing process. Founded in 2016, the company is headquartered in Palo Alto, and has received over $1 billion in venture capital funding.”