Next Insurance is a digital insurance provider that can write some policies and sell other products from partner carriers. It offers several insurance products like general liability insurance, professional liability, commercial auto insurance, workers’ compensation, and more. Monthly premiums start at $11. It is best suited for professions in the construction businesses like contractors and carpenters that are on the go most of the time.
Next Insurance Pros and Cons
Can provide instant quotes in less than 5 minutes
May need to answer additional questions to get accurate quote
Can get discounts when bundling insurance policies
Only licensed as a carrier in 28 states
No cancellation fees
Only offers six insurance products
Can be paid either monthly or annually
No mobile app
Who Next Insurance Is Best For
- Construction businesses: Landscapers, carpenters, and roofers, among other professions, would most definitely benefit from the online services that Next Insurance offers. On top of the low-cost monthly premiums, bundling insurance coverages can help you save up to 10% on costs.
- Disc jockeys: DJs are assured that they can get an insurance policy that is not only low cost, but also can be managed purely online.
- Personal trainers: Personal trainers are guaranteed of an insurance policy that is both low cost and can be managed online.
Next Insurance Pricing
Next Insurance offers minimum monthly premiums for the following professions:
Type of Profession
Minimum Monthly Premium
General Contractor Insurance
$300,000 aggregate limit
Optional nutrition/dietary supplement: $100,000 limit
$300,000 aggregate limit
Day Care Insurance
General and Professional Liability
$500,000 aggregate limit
Additionally, business owners may also request quotes online and are provided with monthly and annual price ranges of the insurance products being offered. Discounts are also offered up to 10% when bundling insurance coverages. However, it should be noted that additional questions may be needed to answer for some insurance coverages like workers’ compensation and commercial auto.
Next Insurance Alternatives 2020
Business Insurance Broker
New business owners who want expert advice to help determine the coverage they need
Sole proprietors and microbusinesses that need general liability and professional liability insurance
Ecommerce businesses looking for cyber liability insurance and cybersecurity resources
Small business owners who want transparency about extra fees
Tech-savvy business owners who prefer to easily manage their policies online
Contractors who see declines because of high-risk operations
Technology-based businesses that need coverage within 48 hours
High-growth businesses that want directors & officers insurance for investors and their board
Next Insurance Features
While Next Insurance only offers a few insurance products like general liability insurance, professional liability, commercial auto insurance, workers’ compensation, Next Insurance is best known for allowing users to purchase a policy, request a proof of insurance, and process claims online. Below are some of its most notable features and services.
The Next Insurance Live Certificate is an easy way for their policyholders to access their policies online and to share proof of insurance quickly. This gives Next Insurance a unique edge over the competition by removing all issues regarding paperwork. All policyholders simply need to login to the website, and they already have access to the Live Certificate, free of charge.
Additional Insured is any person that is included in an existing business insurance policy. They would usually have a certificate if the policyholder sends them a physical or electronic copy of the policy. Next Insurance allows you to add an Additional Insured free of charge. There is also no need to rely on an agent because the process can be done online.
As soon as a policyholder files a claim online, a Next Insurance representative calls to investigate it. Next Insurance guarantees claims are resolved within 48 hours, except in certain special instances where the nature of the claim, severity of the damage, and number of people involved are taken into account.
Most Helpful Next Insurance Reviews
Next Insurance reviews online are mostly positive. Their policyholders noted the ease of getting an insurance policy, as well as their affordability. Quick turnaround times of handling services and its well-informed customer service have also been given positive feedback.
Next Insurance Frequently Asked Questions (FAQs)
Every business situation is unique, and small business owners should seek out answers before selecting an insurance provider. We’ve gathered some of the most commonly asked questions about Next Insurance below and answered them.
What address can I use for my Next Insurance policy?
Next Insurance only allows the use of addresses that can be verified by the United States Postal Service. In some cases, there is a need to enter either a suite or apartment number. Next Insurance does not allow policyholders to indicate a post office box as their mailing address.
How can I view my Live Certificate?
The Live Certificate can be viewed by those that were included in the list sent by a policyholder. It can also be viewed through a link that was sent from the policyholder.
Our Top Business Insurance Provider Picks
In case you are still not sure if Next Insurance is right for you, then this article on the best business insurance brokers is a review of our top choices. In this guide, we reviewed several brokers and narrowed them down to our top picks based on key criteria like price, carrier and policy options, customer reviews, and additional benefits.