Next Insurance has partnered with Munich Re to launch a product targeting commercial photographers, who will be able to buy, renew and maintain policies online.
According to a 2016 report by McKinsey & Co, the small commercial market has good potential for growth in a “fragmented competitive and geographic landscape.” The report found that almost 40 percent of sole proprietorships in the U.S. don’t carry small commercial coverage, representing a significant opportunity for growth with small businesses.
Photographers will now be able to pay for insurance with Next Insurance on a monthly subscription basis in all 50 states and any time of day or night, as they get their businesses ready for the new year. Insurance packages are available covering usual exceptions like liability and off-premise use of cameras is covered as well.
Next Insurance provides online insurance for commercial small businesses in the U.S.