NEXT Insurance coverage has launched a brand new multi-location employees’ compensation (WC) protection possibility, permitting small enterprise homeowners working a number of areas inside a single state to safe protection below a single coverage. The transfer positions NEXT as one of many first WC insurers to supply a completely digital resolution for companies managing a number of websites.
The brand new protection is designed for small companies with a number of branches or places of work, addressing the rising complexity of insurance coverage wants as they develop and rent extra staff. With office accidents posing a rising threat for increasing companies, the multi-location WC coverage allows small enterprise homeowners to handle their insurance coverage throughout all areas via a web based platform.
“Till now, entrepreneurs have struggled to handle a number of areas and scale their operations with the precise safety and, in the end, the peace of thoughts that protection gives,” stated Jack Ramsey, VP of Brokers at NEXT. “Multi-location for employees’ compensation will simplify protection choices for small companies with a number of areas, saving them beneficial time managing their insurance policies. This new providing additionally offers SMBs the peace of thoughts that with NEXT, their protection choices will develop in tandem with their enterprise.”
NEXT’s digital platform allows real-time coverage updates and self-service capabilities, permitting enterprise homeowners to regulate protection throughout all areas at any time. The web binding and servicing options give small enterprise homeowners and insurance coverage brokers better flexibility in managing insurance policies. The streamlined course of additionally facilitates the sale of insurance policies to bigger companies needing scalable protection.
The multi-location WC coverage is obtainable via NEXT’s on-line platform, NEXT brokers, and embedded companions. The simplified software course of reduces administrative burdens, permitting enterprise homeowners in industries reminiscent of meals and beverage, retail, {and professional} companies to rapidly receive protection.
With this newest providing, NEXT Insurance coverage goals to offer a seamless, digital-first expertise for small enterprise homeowners, guaranteeing that as their companies develop, their insurance coverage safety can scale with them.
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