About Next Insurance
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.
Palo Alto, CaliforniaHeadquarters
2015Year Founded
$1,114.7MTotal Funding
SERIES_GCompany Stage
Consulting, Financial ServicesIndustries
501-1,000Employees
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
Risks
Increased competition from traditional insurers entering the digital space.
Potential pricing challenges from innovative insurtech startups like Lemonade.
Reliance on AI platforms poses operational risks if technological failures occur.
Differentiation
Next Insurance offers standalone professional liability coverage tailored for consultants.
The company uses technology to eliminate agents, reducing costs for small businesses.
Next Insurance provides a comprehensive Business Owner's Policy for small businesses.
Upsides
Integration with AI tools enhances customer experience with instant support and recommendations.
Embedded insurance trend offers Next Insurance a chance to expand market reach.
Rising demand for cyber insurance presents growth opportunities for Next Insurance.
Funding
Total raised$1.11 B
Latest valuation$2.70 B
StageSERIES_G
$250
$4.00 BSERIES D
8/31/2020$250
$2.00 BSERIES C
9/30/2019$250
$1.00 BSERIES B
6/30/2018$83
$415.00 MSERIES A
4/30/2017$35
$175.00 MSEED
2/29/2016$13
$65.00 M