NEXT’s BOP builds on the company’s existing AI-powered, proprietary platform and underwriting capabilities, and allows agents to easily provide small businesses with liability and property insurance coverage under a single policy which is easy to “quote, bind and manage”.
The policy is particularly useful for brick and mortar small businesses on the high street including restaurants, retail and professional services. NEXT’s BOP allows businesses to take out one policy covering all their needs as opposed to managing multiple standalone policies.
Jack Ramsey, (main image), VP of Agent Business at NEXT, commented: “At NEXT, we understand the challenges small business owners face, particularly with navigating complex insurance decisions. Our mission is to transform this often daunting process into a more manageable one by empowering both entrepreneurs and their dedicated insurance agents with digital tools that simplify these choices.
“Our Business Owner’s Policy exemplifies the transformative power of digital solutions in modernising traditional insurance practices,” Ramsey added.
The policy not only provides necessary insurance coverage into a streamlined policy but allows for business-dependent customisations. For restaurants, this can include Liquor Liability and Employment Practices Liability Insurance (EPLI). Professional Services can customise their policies with specific add-ons associated with managing an office.
NEXT’s agent portal has been upgraded to increase ease of use and coverage selection. It now has a liability and property tab navigation bar, supporting intuitive interactions. NEXT’s BOP is now available in ten states and can be purchased through an appointed agent, or embedded through a small business partner.
