Avetta®, the leading provider of supply chain risk management software, announced today a unique partnership with NEXT Insurance, the leading insurtech company transforming small business insurance, to offer suppliers with affordable and customized coverage policy options. NEXT provides particularly cost-effective insurance options for small businesses, which aligns with a significant portion of Avetta’s supplier network.
Avetta is committed to providing its customers with access to discounted safety-related products and services, and NEXT is the latest partner to join the growing network. Suppliers can link to NEXT’s offerings from their Avetta Connect™ account (Avetta’s technology platform) and purchase or bundle general liability, commercial property, workers’ compensation and other insurance coverage options. Customers can save up to 30% on premiums through NEXT. Suppliers can continue to use their existing trusted insurance partner if the agency becomes affiliated with NEXT.
“This partnership simplifies the process of getting affordable insurance coverage for small businesses,” said Jitesh Chanchani, Avetta SVP of Alliances. “The NEXT partnership is part of our ongoing efforts to save time and money for our network of 125,000 suppliers.”
Trusted by over 300,000 small businesses, NEXT transforms small business insurance by leveraging new technology, such as artificial intelligence and machine learning, to deliver a simple and affordable purchasing experience. In less than 10 minutes, small business owners can get a customized quote for their company that can be adjusted based on personal preferences and receive a certificate of insurance digitally.
“Small business insurance may be necessary, but it doesn’t have to be challenging or costly to obtain. Like Avetta, NEXT is committed to streamlining processes and removing pain points in order for small businesses to thrive,” said John Dwight, Head of Channel Sales at NEXT. “Our partnership allows for more small businesses to obtain an instant, tailored policy without leaving their Avetta account. This allows them to focus on what matters most while knowing they’re securely protected.”
A NEXT survey of more than 30,000 small businesses discovered 44% of applicants who have been in business for a year or more have never had insurance – raising concern for both small business owners and their customers.
Avetta Connect helps companies worldwide manage risk and build resilience in their supply chains – from increasing visibility within the network to ensuring safety and sustainability.