Next Insurance, the leading digital insurance company for small businesses, announced today that it now supports over 1,000 classes of business (CoBs) across the country including Contracting, Construction, Consulting, Fitness, Cleaning, Beauty, Therapy, Entertainment, Education, and over 1,000 more.
The company is also announcing the launch of professional liability coverage, available entirely online. Next Insurance is now the single source for most small business insurance needs, offering professional liability insurance, general liability insurance, and commercial automotive insurance, all on one digital platform.
The launch of professional liability coverage follows a period of exponential growth for the company. In its 2018 Annual Report, Next Insurance reported that it had achieved a written premium run-rate of over $44 million, covered over 40,000 businesses, and expanded its core liability product offering to 48 states.
These milestones signal success in the company’s mission to help entrepreneurs thrive by providing simple, affordable, and tailored insurance policies to the widest selection of small businesses in the country.
“We want to be the one-stop-shop for any small business,” said Guy Goldstein, CEO and Co-Founder of Next Insurance. “Providing support for over 1,000 new business types and adding professional liability coverage are key steps in our mission to disrupt insurance as small business owners know it, making it simple to access, affordable to own and tailored to individual needs.”