Next Insurance, the leading digital insurtech company transforming small business insurance, today announced a significant milestone in its journey to become the one-stop-shop for business owners across the US. The availability of commercial property is the final step necessary to provide full comprehensive coverage via the Next Insurance platform. Bolstering its already existing tools and equipment offering, Next Insurance’s full suite of property coverage now includes business personal property (BPP), business income insurance and building insurance and equipment breakdown coverage. Next Insurance policies are tailored for individual classes of business to protect goods and gear, building damage and unexpected closures.
“When we started Next Insurance we knew we could better serve the small business community by offering a digital one-stop-shop where owners could buy all of their insurance needs in one place,” said Guy Goldstein, co-founder and CEO at Next Insurance. “The addition of commercial property policies rounds out our full suite of coverage and achieves our goal of becoming a one-stop-shop for small business insurance.”
Commercial property insurance is especially critical for small businesses with physical locations such as restaurants and retail stores who need to protect everything from fixtures, inventory, and equipment to the building itself. Fire claims are among the most expensive and common small business claims, but even smaller damages that occur from electrical outages, vandalization, flooding, and more, can drive significant losses. Unfortunately for small businesses, most traditional policies have been designed for large commercial customers leaving them with policies either too expensive or too generic to adequately cover their business. With Next Insurance’s commercial property coverage, small businesses can obtain policies designed from the ground up while relying on a best in class customer support experience and claims process.
Next Insurance customers can also easily bundle commercial property and general liability insurance together to easily create their own Business Owner Policy (BOP). Together with Next Insurance’s additional lines of coverage including commercial auto, professional liability, workers’ compensation, and more, the company is able to deliver a true one-stop-shop experience to even more types of small businesses like florists, photography studio, professional offices, restaurants, retail, salons and more.