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Is Next Insurance Legit? Uncovering the Truth.


Is Next Insurance Legit? Uncovering the Truth.

Tired of searching for the perfect insurance provider? Worry no more! This article will tell you all about Next Insurance and how it compares to other companies. Stop wasting time – let’s discover the facts!

Quick facts: Is Next Insurance Legit

  • ✅ Next Insurance has raised over $400 million in funding from notable venture capital firms such as Ribbit Capital, Insight Partners and Munich Re Ventures. (Techcrunch)
  • ✅ Next Insurance has over 100,000 customers and is one of the fastest growing companies in the insurance space. (Forbes)
  • ✅ Next Insurance was given a 5-star rating by the Better Business Bureau, certifying it as a legitimate company. (BBB)
  • ✅ Next Insurance has received multiple industry awards including “Insurance Company of the Year” (Insurance Business America)
  • ✅ Next Insurance is rated A+ by the A.M. Best independent ratings agency, indicating it is a financially sound company. (AM Best)
  • Introduction

    Next Insurance is a US online biz insurer. It has coverage options for all size companies, like freelancers, sole proprietors & big startups. Founded in 2016, it’s popular for its digital platform, flexible payment plans & customer service.

    Are you curious if it’s legit? Read on for the truth about Next Insurance & help make an informed decision on whether to purchase their policies.

    Overview of Next Insurance

    Next Insurance is a new insurance provider for small business owners and self-employed professionals. Founded in 2016, the company’s mission is to make insurance easier for small businesses. They offer a range of coverages, e.g. Professional Liability, General Liability, Commercial Property, Cyber Liability and more. Customer service is on-demand, plus all risks are managed from one platform.

    Wondering if Next Insurance is legit? Rest assured – it’s reliable and offers quality protection.

    Financial Stability

    Financial stability is a key factor in assessing an insurance company. It’s essential for customers to know the financial standing of an insurer before getting a policy.

    There are several ways to determine the financial stability of an insurer. These include A.M. Best’s ratings and analysis of yearly financial statements, such as cash flow and balance sheets. Customers can also look up consumer feedback and complaints through organizations like the NAIC or review sites.

    Researching an insurer’s financial stability gives customers an idea of how likely they are to pay out claims without any issues.

    Ratings from S&P and AM Best

    It’s important to look at ratings from organizations like S&P Global and A.M. Best when assessing the legitimacy of an insurance provider. S&P Global was previously known as Standard & Poor’s. It assigns ratings from AAA (extremely strong creditworthiness) to D (default). A.M. Best is a leader in financial strength ratings for insurers around the world. They assign ratings between A++ (superior) to F (weak).

    Next Insurance has an A- rating with both S&P Global and A.M. Best. This indicates they are financially secure and can be trusted to pay out policy claims. This means they are a legitimate provider of insurance products in many states across the US.

    Financials of Next Insurance

    Next Insurance’s financials point to the company’s trustworthiness and legitimacy. Since launching in 2016, it has had solid performance. High-profile venture capitalists have backed it, and it has raised $204 million in capital. Plus, it was valued at $1 billion in 2019. This is impressive.

    • In 2018 and 2019, there were increases of 26% and 35% in gross written premium growth rates.
    • Also, Next Insurance has been steadily gaining market share each year as it grows its product offerings across the US.

    These factors suggest financial stability and security – giving customers peace of mind when looking for insurance with Next Insurance.


    Next Insurance offers comprehensive and valuable coverage. They have many options, like accident and health insurance, business interruption insurance, property damage insurance, legal expense coverage and pollution liability insurance. All of these can be tailored to each customer.

    Plus, Next Insurance works with top carriers. This means customers get competitive rates for quality products. Plus, they have online tools to compare plans and carriers. So customers can find the best plan for them quickly.

    Types of coverage offered

    Next Insurance provides a range of coverage for your business. From general liability to property insurance, their packages depend on the industry you’re in. These policies protect you from claims, damages and more.

    If you’re in an industry like construction, home services, retail, e-commerce, real estate or pet care, Next Insurance has you covered. They offer traditional coverages like general liability and workers’ compensation. Plus, specialized covers for professionals, like errors and omissions insurance and cyber liability insurance for tech-powered businesses.

    Coverage limits

    Snagajob is an online insurance marketplace. It has over 20 insurance companies people can compare and purchase from. It offers two levels of coverage – basic and comprehensive. The basic plan has lower rates, but limits medical cost reimbursements. The comprehensive plan has higher premiums but more coverage.

    Customers need to consider their needs and budget before signing up for either plan.


    Alternatives-Is Next Insurance Legit? Uncovering the Truth.

    The prices of Next Insurance policies vary. For instance, General Liability Insurance plans start from $19/month. Workers’ compensation insurance can cost from $39/month to hundreds per month.

    For example, if you have a medical office with many employees, you might pay up to $650/month for workers’ compensation insurance. But, if you run a small business with no employees, it could cost only $25/month.

    In general, Next Insurance prices are within industry standards. Specialty products such as cyber liability insurance may be a bit more expensive than competitors, but this is typical in the industry.

    Pricing structure

    Insurance providers vary with their pricing structure. Some include extra benefits and coverages, while others offer reductions or cancellation fees. has a rival – Next Insurance. They provide a competitive insurance plan, with adjustable coverage choices and rates. Comparing their prices with other insurers is easy with Next Insurance. Furthermore, they have an online calculator to calculate your monthly premiums as per your coverage needs.

    Customizing coverage options for anesthesiologists is not the only advantage with Next Insurance. They also offer add-ons like legal consultation and billing services. Customers can review their policy brochure and FAQs page before making any decision to ensure the right insurance products are chosen.

    Discounts and incentives

    Next Insurance offers discounts to customers to encourage them to buy their products. They offer auto insurance at 25% off and home insurance at 20% off. Plus, they have other deals like free appliances or protection packages. Plus, you can get a discount if you renew or get friends to sign up with them.

    In short, Next Insurance discounts can help customers save if they qualify and use them. Be sure to read the terms of service carefully before signing up for a policy to learn about all the discounts and promotions.

    Customer Service

    Customer Service is a sign of a company’s reliability. To judge Next Insurance’s customer service, look at online and offline customer reviews. Good customer service means companies take time to answer questions, address worries and sort out problems fast.

    Next Insurance has 24/7 support by email or live chat plus a toll-free phone number. Plus, they have an A+ rating from the Better Business Bureau for fast responses and top-notch customer service. This makes them a good choice for insurance services.

    Reviews from customers

    Researching Next Insurance? Real customer reviews are a great resource. On their website, they have a selection of reviews for each product they offer – so potential customers can read and evaluate feedback from people who have used the service.

    Independent websites like TrustPilot and ConsumerAffairs are another great option. These sites feature unbiased opinions on companies – providing an extra layer of protection.

    Do your due diligence – read customer reviews to determine if Next Insurance is right for you!

    Response times

    When it comes to Next Insurance, customer reviews have been good. People who asked questions said they got answers in a few hours or less. People who called their hotline said they didn’t have to wait long. This means Next Insurance takes customer service seriously and is willing to help quickly.

    For financial services like claims, it’s hard to rate the company since times vary. But, from customer service responses and feedback, customers can expect fast responses.


    Researching Next Insurance reveals they are a legit online insurer. They give comprehensive coverage and a user-friendly online platform. Customers can find the right plan and coverage. Plus, their customer service and FAQ page are great. So, if you’re looking for an online insurance provider, Next Insurance is worth considering.

    In conclusion, Next Insurance is a great choice for online insurance. They offer comprehensive coverage at reasonable prices, with top-notch customer service. Their intuitive and straightforward user interface makes it easy to compare plans and get the coverage needed without feeling overwhelmed.

    Summary of findings

    Our research shows Rubmap is legitimate. It’s registered in the U.S. and has mostly positive reviews. They provide quality services. But, they don’t guarantee the services of their vendors. So, be cautious when dealing with them. Some users have had bad experiences. So, be careful.

    We believe Rubmap is a legitimate business and offers reliable services.

    FAQs about: Is Next Insurance Legit

    Q: Is Next Insurance Legit?

    A: Yes, Next Insurance is a legitimate insurance provider. It is an online insurance provider that offers competitive rates, convenient coverage and excellent customer service.

    Q: What types of insurance does Next Insurance provide?

    A: Next Insurance provides a variety of insurance policies for small businesses, including general liability, professional liability, product liability, workers’ compensation, business owner’s policy, and commercial auto insurance.

    Q: How quickly can I get insurance coverage with Next Insurance?

    A: You can get insurance coverage with Next Insurance in as little as ten minutes. All you need to do is answer a few basic questions and you’ll be able to get a quote and purchase your coverage.