Internet Security

Is Next Insurance Legit? – Uncovering the Truth


Contemplating utilizing Next Insurance for your biz insurance needs? Uncover the realities behind the firm and figure out if it suits you. Have no worries, Next Insurance is a valid and dependable supplier.

Quick facts: Is Next Insurance Legit

  • ✅ Next Insurance is rated 4.9 out of 5 stars on Trustpilot, with 8,846 reviews – Trustpilot
  • ✅ Next Insurance has raised $525 million in venture funding – Crunchbase
  • ✅ Next Insurance has over 100,000 small business customers – Business Wire
  • ✅ Next Insurance has been recognized as one of the world’s most innovative financial technology companies – Forbes
  • ✅ Next Insurance has launched products in more than 40 different states across the US – PR Newswire


Is Next Insurance Legit? Let’s uncover the truth!

Next Insurance is a developing provider of digital insurance products and services. Founded in 2016, they offer tailored plans to fit customers’ individual needs. Also, their products are supported by some of the most trusted names in the industry.

In this article, we will uncover if Next Insurance is legit and the advantages of their products. We will also look at customer feedback, coverage options, and other factors to help you decide if Next is the right insurance provider for you.

With so many options, it can be hard to know which company to trust with your insurance needs. Keep on reading to find out if Next is legit and if their plans are suitable for you.

What is Next Insurance?

Next Insurance is an online provider of small business insurance. Their goal is to make it easy to purchase and manage insurance.

They offer various coverage, including General Liability, Professional Liability, Commercial Property, and Workers’ Compensation. All plans are from top-rated carriers.

Customers can get tailored plans that are simple and straightforward. Plus, the purchasing process is faster than ever. Quotes are available in minutes. No salesperson or waiting is required.

They offer additional info on their website and mobile app. Plus, customer service is available.

Next Insurance wants to make it easier for small business owners to get affordable, trustworthy policies.

Overview of Next Insurance

Next Insurance is an online insurance company that offers policies for small businesses. It was designed to make the process of getting business insurance easier, faster, and more affordable. No sales agents or long applications, just customizable coverage options in minutes.

Next Insurance offers a range of policies, including:

  • General Liability Insurance which guards against liability claims related to businesses.
  • Professional Liability Insurance which protects against claims from clients.
  • Property & Equipment Insurance which covers items like office furniture and computers.
  • Business Owner’s Policy (BOP) which bundles General Liability and Property & Equipment coverage.
  • Workers’ Compensation Insurance which protects employers from workplace injuries or illness.

Products Offered by Next Insurance

Next Insurance is an online provider of insurance that creates custom coverage for small companies. They have a variety of business-specific products like E&O, BOP, Workers’ Comp, Commercial Auto Insurance and Cyber Liability Coverage.

Plus, they give specialized coverages like Cybercrime & Data Breach Coverage, Employee Benefits Liability, Employment Practices Liability/Wrongful Termination Claims Defense Expenses Coverage, and Business Interruption & Extra Expense Insurance. They also have optional add-ons like Business Property and Equipment Breakdown Coverage and Common Cause Property Damage coverage for certain professions.

Is Next Insurance Legit?

Next Insurance is a legit insurance provider. They have a license in all 50 states and the District of Columbia, plus are backed by Munich Re, a top global reinsurer. Plus, they have an A+ rating with The Better Business Bureau.

But, some customers have complained about too-high premiums or denied claims, so it’s wise to research them before signing a policy or contract. They offer liability, workers’ comp, and professional services coverage. They appear to be cost-effective and comprehensive, but questions have been raised about their legitimacy.

Financial Strength Ratings

Kroll Monitoring is a vital process. It checks an insurance company’s financial strength ratings to make sure it meets the needed standards. This helps customers by offering insight into the company’s financial stability. Regulators use it for additional protection.

To assess an insurer’s overall financial health, Kroll Monitoring relies on data sources like financial statements and credit reports. Ratings generated by Kroll allow customers to compare coverage options and make informed decisions. So, Kroll Monitoring forms an essential part of a comprehensive assessment of an insurance provider’s legitimacy.

Licensing and Regulations

At Next Insurance, we take regulations seriously. We have licenses in 43 U.S. states plus D.C., Puerto Rico and Mexico. Plus, we have permits in 22 countries around the world. Our online insurance platform meets every state’s minimum requirements.

We also have partnerships with top-rated insurers such as AXA XL, Omega Insurance Company and more. When you buy a policy from us, your coverage is backed by a reputable insurer. If you ever need to make a claim, payments will be paid quickly by one of our trusted partners. You can be sure that when you buy a policy from us, you have access to dependable coverage from an A+ rated insurer.

Customer Reviews

Customer reviews are a great way to assess a company’s legitimacy. At Next Insurance, reviews can be left on their website and anywhere online. Reading reviews gives customers an honest opinion on the service they provide and the level of customer support.

Next Insurance monitors customer feedback and strives to provide excellent service. 97% of reviewers have left positive comments about Next Insurance. Many said they felt treated fairly and the transaction process was easy.

Overall, the reviews show that Next Insurance is legitimate and worth considering for insurance products.


History of GOAT-Is Next Insurance Legit? - Uncovering the Truth

Researching Next Insurance reveals that it is legit. It provides customers with a variety of insurance products and coverages. Purchasing from Next Insurance is easy and its customer service is friendly and helpful. Prices are competitive and there are discounts for eligible customers.

Overall, this company has a strong offering for consumers. It is important to research plans carefully before selecting an insurance provider and understand the terms and conditions of the policy before buying.

FAQs about: Is Next Insurance Legit

Q1: Is Next Insurance Legit?

A1: Yes, Next Insurance is a legit insurance provider offering business insurance solutions for small businesses.

Q2: What Types of Insurance Does Next Insurance Offer?

A2: Next Insurance offers a range of business insurance solutions, such as general liability insurance, professional liability insurance, workers’ compensation insurance and more.

Q3: How Quickly Can I Get Coverage with Next Insurance?

A3: With Next Insurance, you can apply for coverage and get a quote within minutes.