NEXT Insurance: A Smart Choice for Small Business Coverage

Running a small business comes with plenty of challenges, from managing day-to-day operations to planning for long-term growth. One challenge many business owners face is making sure they’re protected against risks. That’s where NEXT Insurance comes in. Known for its digital-first approach, NEXT makes it simple and affordable for entrepreneurs to get customized business insurance entirely online.

This article breaks down what NEXT offers, why it’s different from traditional insurers, and how you can decide if it’s the right fit for your business.

Why Business Insurance Matters

According to the U.S. Chamber of Commerce, more than 75% of small businesses face significant risks every year (source). Even one unexpected event—like a customer injury, property damage, or lawsuit—can cause major financial strain. Without proper coverage, some businesses never recover.

Business insurance provides protection by:

• Covering liability claims from accidents or mistakes
• Protecting property, tools, and equipment from damage or theft
• Offering workers’ compensation coverage for employees
• Helping you meet legal or contractual insurance requirements

This safety net allows small business owners to focus on growth instead of worrying about “what if” scenarios.

What Is NEXT Insurance?

NEXT Insurance is a relatively new player in the insurance industry, founded in 2016. Unlike traditional insurers that rely heavily on local agents and paperwork, NEXT focuses on delivering a 100% digital experience. From getting a quote to filing a claim, everything can be done online or through their mobile app.

Their mission is simple: provide small businesses with affordable, tailored coverage that’s easy to manage. Today, NEXT serves hundreds of thousands of small businesses across the U.S.

Explore their official site here: NEXT Insurance.

Coverage Options Offered by NEXT Insurance

NEXT provides policies designed specifically for small businesses and self-employed professionals. Their core offerings include:

1. General Liability Insurance
   Protects against common risks such as customer injuries, property damage, or advertising claims. Essential for service-based businesses.
2. Professional Liability (Errors & Omissions)
   Covers lawsuits claiming mistakes, negligence, or failure to deliver promised services. A must for consultants, freelancers, and contractors.
3. Commercial Property Insurance
   Protects buildings, equipment, inventory, and supplies from fire, theft, or natural disasters.
4. Workers’ Compensation
   Required in most states if you have employees. This helps cover medical expenses and lost wages when workers are injured on the job.
5. Commercial Auto Insurance
   Protects vehicles used for business purposes, such as deliveries or service calls.
6. Business Owners Policy (BOP)
   A package that bundles liability and property insurance at a lower combined rate.

For a detailed list of industries covered, visit their coverage by business type page.

Benefits of NEXT Insurance

So what sets NEXT apart from more traditional insurance providers like State Farm or Nationwide?

• 100% Online Process: Quotes, policies, and certificates of insurance (COIs) are issued instantly online. No need to wait days for paperwork.
• Affordable Rates: Because NEXT is digital-first, they cut costs and pass savings along to customers. Many small businesses find them cheaper than traditional insurers.
• Customizable Coverage: Policies can be tailored to specific industries, from fitness trainers to construction contractors.
• Instant Certificates of Insurance: You can share proof of coverage with clients or landlords in minutes.
• Modern Mobile App: Manage policies, payments, and claims right from your phone.

Costs and Premiums

NEXT Insurance pricing varies based on factors like industry, number of employees, location, and coverage limits. However, they aim to keep costs transparent and affordable.

For example, according to Forbes Advisor, many NEXT customers pay as little as $25 to $45 per month for general liability coverage. While premiums can rise with higher-risk industries, the ability to get an instant online quote makes it easy to budget.

How to Buy a Policy with NEXT Insurance

Getting insured with NEXT is designed to be quick and straightforward:

1. Get a Quote Online: Enter your industry, business size, and coverage needs into their online tool.
2. Customize Coverage: Adjust limits, add endorsements, or bundle multiple coverages.
3. Purchase Immediately: Pay online and get instant proof of insurance.
4. Manage on the App: Access policies, file claims, and renew coverage without needing an agent.

Check their quote tool here: NEXT Insurance Quote.

NEXT Insurance vs. Traditional Insurers

While NEXT Insurance is highly rated for its convenience, it’s not the perfect fit for everyone.

• Choose NEXT if: You want low-cost, customizable coverage that’s easy to manage online. Great for freelancers, startups, and small service businesses.
• Choose a Traditional Insurer if: You prefer face-to-face support from a local agent, need specialized coverage for a larger company, or have complex insurance needs.

Some business owners even use NEXT for core policies and a traditional insurer for more specialized coverage.

Reviews and Reputation

NEXT has earned positive reviews for its affordability and ease of use. On Trustpilot, thousands of customers praise its quick setup and responsive customer service. The company also holds strong financial backing, reassuring policyholders that claims can be paid reliably.

Final Thoughts

For small businesses, freelancers, and entrepreneurs, having reliable insurance is non-negotiable. NEXT Insurance stands out for its affordability, speed, and digital-first convenience, making it a smart choice for today’s business owners.

Whether you’re just starting your business or looking to switch providers, it’s worth getting a quote to see if NEXT fits your needs. With instant coverage options and flexible plans, it’s designed to take the hassle out of protecting your business.

Learn more and explore your options at the official NEXT Insurance website.