Next Insurance

Next Insurance

Tailored business insurance for small businesses

About Next Insurance

Simplify's Rating
Why Next Insurance is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Consulting

Financial Services

Company Size

501-1,000

Company Stage

Series G

Total Funding

$1.1B

Headquarters

Palo Alto, California

Founded

2015

Overview

Next Insurance specializes in providing business insurance solutions tailored to the unique needs of small businesses, including general liability, workers' compensation, professional liability, and commercial property insurance. The company is renowned for simplifying the insurance process for self-employed individuals and small business owners, emphasizing affordability and customized coverage. This focus on the practical needs of entrepreneurs, combined with its innovative approach to insurance services, makes it an attractive workplace for those keen on making a real impact in the insurance industry.

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Simplify's Take

What believers are saying

  • Partnership with ZestyAI enhances risk insights and underwriting efficiency.
  • Standalone professional liability coverage taps into a niche market for consultants.
  • Integration with Netchex streamlines HR and payroll solutions for small businesses.

What critics are saying

  • Increased competition from traditional insurers adopting digital platforms.
  • Potential regulatory scrutiny over AI-driven underwriting processes.
  • Cybersecurity threats targeting digital insurance platforms.

What makes Next Insurance unique

  • Next Insurance offers a fully digital insurance experience for small businesses.
  • The company uses AI to enhance underwriting and risk assessment processes.
  • Next Insurance provides affordable policies by eliminating traditional agents and extras.

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Funding

Total Funding

$1114.7M

Above

Industry Average

Funded Over

7 Rounds

Notable Investors:
Series G funding comparison data is currently unavailable. We're working to provide this information soon!
Series G Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

1%

2 year growth

1%
Coverage
Feb 19th, 2025
Next Launches Multi-Location, Single State Coverage For Workers’ Compensation

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FF News
Feb 19th, 2025
Next Insurance And Zestyai Join Forces To Bring Ai-Powered Risk Insights To Small Business Insurance

ZestyAI, the leading provider of AI-powered property and climate risk analytics, today announced a strategic partnership with NEXT Insurance, a top commercial insurer specializing in small to medium-sized businesses.Under this agreement, NEXT will adopt ZestyAI’s Z-PROPERTY and Z-FIRE models to enhance its underwriting processes with precise, property-level risk insights. Z-PROPERTY uses high-resolution aerial imagery and AI-powered analytics to assess roof condition, structural risks, and environmental hazards, helping insurers make more informed underwriting decisions. Z-FIRE, trusted by over one-third of California’s insurance market, delivers highly accurate wildfire risk assessments based on 2,000+ historical wildfires, satellite imagery, and topographic data, ensuring that premiums reflect true wildfire exposure.“ZestyAI’s peril-based risk models stood out for their ability to provide precise, actionable insights at scale, perfectly complementing our mission to help entrepreneurs thrive,” said Lance Poole, Head of AI Underwriting at NEXT Insurance.“This partnership strengthens our underwriting capabilities by delivering advanced data analytics that allows us to offer a faster, fully digital purchasing experience while maintaining best-in-class underwriting. By streamlining workflows and enhancing decision-making, we’re able to create innovative, tailored insurance solutions that meet the unique needs of small business owners, all while staying true to our commitment to simplicity and excellence.”Attila Toth, CEO of ZestyAI said “At ZestyAI, we are committed to bringing the power of AI-driven risk intelligence to the insurance industry. NEXT Insurance is redefining small business insurance with a fully digital experience, and we are proud to support that vision by providing precise, property-specific risk insights. With Z-PROPERTY and Z-FIRE, NEXT can enhance underwriting efficiency, optimize risk selection, and ultimately deliver smarter, more tailored coverage to small business owners across the country.”

Hit Consultant
Feb 13th, 2025
How To Update Your Business Coverage As Your Wholesome Practice Grows

So, your holistic health practice is thriving—congrats! Maybe you’ve expanded your massage therapy services, added acupuncture treatments, or started offering specialized sports recovery programs. But have you stopped to think about your insurance? It might not be the most exciting part of running a business, but keeping your coverage up-to-date is crucial. As your practice grows, so do the risks. The last thing you want is to discover gaps in your protection when it’s too late.Let’s break it down and make updating your business insurance simple and approachable.Growth is exciting, but it also comes with new responsibilities. Here are a few signs it’s time to revisit your insurance policies:Your client base has expanded. More clients mean increased liability

Finsmes
Feb 4th, 2025
How Is Ai Uptake Changing The Face Of Business Liability?

Insurance is a necessity for every company in 2025. Whether it’s company liability insurance, public liability insurance, or professional liability insurance, if you’re running a company, it’s essential that you’re covered from any unforeseen risks. Even for new businesses, where the budget is a little tighter, there’s no excuse to avoid protecting yourself. Depending on the type of work you do, for instance, professional liability insurance at NextInsurance.com can cost as little as $19 – a particularly strong investment when considering insurance companies pay more than $22 million in business claims every day. The business and insurance landscape has always been this way, but if anything, attaining insurance has become even more important than ever. This is especially true when noting the AI uptake that has been observable over the last two years. According to a recent study, over 50% of US companies are currently using AI, with a further 42% interested in ‘exploring AI’ in the next twelve months. But while artificial intelligence is undoubtedly revolutionizing industries, transforming business operations, and creating new efficiencies across the board, it is also reshaping the landscape of business liability. AI Increasing Risk of Business LiabilityBecause AI tech is still in its early stages, companies now face unique risks tied to its capabilities – including errors and ethical implications. AI systems, while powerful, are not infallible. A number of errors can occur in AI algorithms that can lead to significant consequences, such as misdiagnoses in healthcare, bias or discrimination in hiring or lending decisions, or even product recalls caused by AI-driven manufacturing errors

Coverage
Jan 20th, 2025
Hiscox Temporarily Stops Bop Coverage In California Due To Wildfires

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