Next Insurance has expanded its workers compensation cover into 24 additional states, including Alabama, Iowa, Louisiana and Virginia.
AsThe digital small business insurer said that the coverage is now available in 30 states overall, increasing its workers compensation reach in the U.S. to more than half the country overall.
“By expanding workers compensation to more than half of the country, Next Insurance is taking another important step in our journey to become the one-stop-shop for all small businesses,” said Sofya Pogreb, COO of Next Insurance, said in prepared remarks.
Next’s workers compensation expansion follows news disclosed Sept. 23 that the company has raised $250 million in new venture capital financing – $631 million to date.
Next’s workers compensation coverage starts at $14 per month, and the insurer said its online platform gives business owners an efficient and easy way to obtain an instant quote and explore their coverage options. The company’s workers compensation policies cover medical expenses, loss of income, retraining, permanent injury, and survivor benefits.
Next Insurance also sells small business coverage for general liability, professional liability and commercial liability. Plans are in the works to add new insurance cover in 2021 in areas such as accounting, construction, fitness and retail.
With Next Insurance, insureds can access USA-based licensed insurance advisers, tools and services like 24/7 access to certificates of insurance from a mobile device or computer and in-house claims filings where a decision is typically made within 48 hours.
Next Insurance’s workers compensation expansion covers the states of: Alaska, Arizona, Arkansas, Connecticut, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Mexico, Rhode Island, South Carolina, Tennessee, Utah, Vermont, Virginia, and West Virginia. Colorado, Florida, Georgia, Illinois, Nevada and Texas. Previously offered the coverage. Plans call for expanding the coverage into more states in 2021.
Source: Next Insurance