Business Insurance: A Quick & Easy Overview

Posted on January 19, 2025 at 6:50 pm

Running a small business comes with a lot of responsibilities, and finding the right insurance can be overwhelming. With so many options out there, it’s hard to know which one will give you the coverage you need without breaking the bank. That’s where Next Insurance comes in. In today’s video, we’re going to talk all about Next Insurance, a company that’s changing the way for small business insurance.

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I’ll share what they offer, how it works, and some of their best features, plans, and pricing, along with my personal experience using Next Insurance for my business. Hopefully, by the end of this video, you’ll be able to decide if Next Insurance is the best option for your business needs. If at any point you decide to check out Next Insurance, you can use the affiliate link in the description down below; it doesn’t cost you anything extra, and you might get a bit of a discount that you wouldn’t get if you went directly to their website.

Next Insurance is a relatively new company in the small business insurance world, founded in 2016 in Palo Alto. They offer affordable and comprehensive insurance policies specifically for smaller businesses, catering to over 1,300 different types of businesses. Their offerings include general liability, professional liability, business owners policies, and workers’ compensation. You can get a custom quote or purchase a prepackaged policy entirely online, making it incredibly convenient for busy small business owners. With over 500,000 small business owners already trusting them, Next Insurance provides policies that are easy to purchase and offers 24/7 access to certificates of insurance. There is no extra cost for adding more insurance.

Next Insurance offers a variety of insurance policies meant specifically for small businesses. Here are some of the main coverages they provide: general liability, which covers common risks like accidentally damaging a customer’s property during business hours; professional liability, also known as errors and omissions insurance, which protects you if you’re accused of making a mistake at work; business owners’ policy, which combines general liability and commercial property insurance into one convenient package; workers’ compensation, essential if you have employees, covering medical expenses and lost wages if they’re injured on the job; commercial auto, which covers your business vehicles against accidents, theft, and damage; tools and equipment coverage, which protects your business tools and equipment from damage or theft; and commercial property, which protects your business property, including buildings, equipment, and inventory against risks like fire and theft.

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The process of getting insurance with Next Insurance is simple and can be done entirely online. You start by going to their website and entering some basic information about your business to get a custom quote. Once you receive your quote, you can choose the policy that best fits your needs, either picking a prepackaged policy or customizing your coverage. After selecting your policy, you make the payment, and Next Insurance accepts various payment methods, allowing you to pay monthly or annually without extra cost differences. The entire process is designed to be quick and easy, and you don’t need to speak to an agent unless you want to. Once your policy is active, you’ll have 24/7 access to your insurance documents through their website or app, including the ability to download certificates of insurance and add extra insurance at no additional cost.

In terms of plans and pricing, it depends on your specific coverage needs and business type. Their website has a premium estimator tool to give you an idea of the monthly cost based on your state and type of business. For example, for a residential cleaning business in Georgia, the basic plan costs around $790 per month, including general liability with a $1 million limit per incident and $1 million in total, plus professional liability coverage of $10,000 per incident and $20,000 in total. The premium plan costs around $84 per month, offering the same coverage as the basic plan, along with additional benefits like $25,000 for lost keys and $5,000 per incident for tools and equipment. Lastly, the deluxe plan costs around $940 per month, including everything in the basic plan with increased workers’ compensation limits and coverage for business personal property.

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One standout feature of Next Insurance is its user-friendly platform, making it easy for business owners to get quotes, purchase policies, and manage their insurance. Instant access to certificates of insurance is particularly useful when you need to prove your coverage quickly, saving you time and stress. While Next Insurance has many pros, it also has some drawbacks. Their support is mostly online, which might feel limiting for those who prefer in-person assistance, but their online support is generally good. Additionally, Next Insurance is mainly for small to medium-sized businesses, so larger businesses with more complex insurance needs might find their options somewhat limited.

Overall, my experience with Next Insurance has been great. The process was simple, the platform is easy to use, and the coverage options are both comprehensive and affordable. It has given me peace of mind knowing that my business is protected, allowing me to focus on what I do best. I think Next Insurance is a great choice for small business owners looking for comprehensive and hassle-free coverage. Their user-friendly platform makes it incredibly easy to get quotes, purchase policies, and manage your insurance without headaches. I definitely recommend Next Insurance for any small business owner; it’s simple to use, affordable, and provides the peace of mind that comes with knowing your business is well protected.

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If you found this video helpful or interesting, give it a thumbs up and subscribe to see more videos like this one. And again, if you decide to check out Next Insurance, you can use the affiliate link in the description down below. It doesn’t cost you anything extra, and you might even get a bit of a discount that you wouldn’t get if you went directly to their website. If you have any questions or comments, don’t hesitate to leave them in the comment section down below, and I’ll do my best to get back to you as soon as I can. Thank you so much for watching, and have a great day!

Business Insurance: A Quick & Easy Overview

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