Next Insurance Expands Workers’ Compensation to 24 Additional States

October 2, 2020

Next Insurance, a digital insurtech company focused on small business insurance, has expanded its workers’ compensation offering to 24 additional states, bringing the total number of states it offers coverage in to 30.

The additional states include: 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. These states join previous coverage availability in: Colorado, Florida, Georgia, Illinois, Nevada and Texas.

Legally required in most states as soon as a company hires its first employee, workers’ compensation protects both the employee and the business in the event of an accident, illness or death occurring while working or engaging in work-related activities. Next Insurance’s workers’ compensation policies cover medical expenses, loss of income, retraining, permanent injury, and survivor benefits. Even sole proprietors can utilize workers’ compensation if medical expenses related to workplace accidents are not covered by health insurance.

Coverage starts at $14 per month. Businesses can quote and explore their coverage options all online. Small business owners can obtain general liability, professional liability, commercial auto and workers’ compensation coverage in one place.

Next Insurance will steadily expand Workers’ Compensation in additional states into 2021.

According to Sofya Pogreb, COO of Next Insurance, the company is currently working on launching a pay-as-you-go option, which fluctuates automatically with a company’s payroll.

Next Insurance gives insureds access to USA-based licensed insurance advisors, 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 was founded in 2016 and is headquartered in Palo Alto. It has received a total of $631 million in venture capital funding.

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