Next Insurance
Founded Year
2016Stage
Corporate Minority | AliveTotal Raised
$881MAbout Next Insurance
Next Insurance operates as a small business insurance company. It provides insurance on general liability, workers' compensation, commercial auto, equipment and tools, commercial property, and more. It serves beauty, cleaning, real estate, entertainment, financial services, and other sectors. The company was founded in 2016 and is based in Palo Alto, California.
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Next Insurance's Products & Differentiators
General Liability
General liability insurance, also known as commercial general liability (CGL), covers the risks that affect almost every business, no matter what your industry. It is the most common insurance for small businesses and self-employed professionals, and it’s typically the first policy purchased by new businesses.
Research containing Next Insurance
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Next Insurance in 15 CB Insights research briefs, most recently on May 23, 2023.
Oct 4, 2022 report
The Fintech 250: The most promising fintech companies of 2022
Expert Collections containing Next Insurance
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Next Insurance is included in 7 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,215 items
Fintech 250
1,247 items
SMB Fintech
1,584 items
Insurtech
4,169 items
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Tech IPO Pipeline
282 items
Track and capture company information and workflow.
Fintech
7,985 items
US-based companies
Latest Next Insurance News
Jun 8, 2023
It also makes sure that the businesses only pay for the coverage they require. The partnership offers an embedded experience that consolidates workers’ compensation insurance and payroll functions in one platform. Furthermore, small business owners can instantly receive a free quote and sign up for a pay-as-you-go workers’ compensation policy to safeguard their operations from unforeseen costs. Leveraging NEXT Connect, businesses can integrate the sign-up for workers’ compensation into third-party software during payroll onboarding or elsewhere in the user interface. The expanded alliance will also see NEXT and Gusto Embedded offering an improved way for small businesses to meet compliance and safeguard themselves. NEXT Insurance chief strategy officer Eran Liron said: “NEXT and Gusto Embedded unite under the shared goal of supporting small businesses across the US with the tools they need to simplify two of the most complex functions they’ll face at work: insurance and payroll. “Offering this digital embedded payroll experience together with Gusto allows us to streamline this process, making it easier and more convenient for small business owners to stay compliant and protect themselves, all from the partners they trust most.” Share this article
Next Insurance Frequently Asked Questions (FAQ)
When was Next Insurance founded?
Next Insurance was founded in 2016.
Where is Next Insurance's headquarters?
Next Insurance's headquarters is located at 975 California Avenue, Palo Alto.
What is Next Insurance's latest funding round?
Next Insurance's latest funding round is Corporate Minority.
How much did Next Insurance raise?
Next Insurance raised a total of $881M.
Who are the investors of Next Insurance?
Investors of Next Insurance include Mitsui Sumitomo Insurance, Group 11, Zeev Ventures, CapitalG, FinTLV and 14 more.
Who are Next Insurance's competitors?
Competitors of Next Insurance include Synchronosure, Thimble, Assureful, Superscript, Hourly and 16 more.
What products does Next Insurance offer?
Next Insurance's products include General Liability and 4 more.
Compare Next Insurance to Competitors
Embroker operates as a digital insurance company. It offers custom-built insurance policies that are underwritten instantly with real-time claims tracking for small and mid-sized enterprises. The company was founded in 2015 and is based in San Francisco, California.
Pie Insurance operates a platform for workers' compensation insurance. Its platform matches price with risk across a broad spectrum of small business types, which allows Pie to offer affordable insurance to small business owners. The firm was founded in 2017 and is based in Washington, District of Columbia.
Hiscox is a specialist insurance company. It offers errors and omissions, cyber and data security, media liability, entertainment production risk, general liability, professional liability, crime, ransom, terror, and property insurance through brokers and directly online to small businesses.
biBERK helps small-business owners find the right insurance policies for their needs without extra costs.
Cerity is an Austin, TX-based insurance tech startup that is developing software that uses artificial intelligence to match worker's compensation policies to small businesses that otherwise wouldn't get them.
Synchronosure develops a digital underwriting platform designed to provide insurance services to emerging industries and small businesses. The company's platform uses artificial intelligence from devices and pulls the required underwriting information regarding a particular account for the world wide web. The company was founded in 2019 and is based in Raleigh, North Carolina.
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