NEXT Insurance, a prominent digital small business insurer, has achieved a significant milestone by reaching 500,000 active small business customers.
Throughout its journey, NEXT has remained committed to the small business community, driving its product innovations, partnerships, and integrations to better serve its growing customer base.
The company’s success in attracting half a million active small business customers speaks volumes about its dedication to simplifying insurance for entrepreneurs. The firm has secured substantial investments to support its mission.
Throughout its activity, the organisation has posted remarkable growth numbers, with a 78% YoY growth in financial services, 91% YoY growth in insurance professionals, and most notably, an increase of 102% YoY growth in food & beverage customers.
Guy Goldstein, CEO and founder of NEXT Insurance, said, “I’m incredibly proud of the work the NEXT team has done to stay true to our vision and inspire a culture of continued innovation. Insurance shouldn’t slow business owners down or cause undue stress.
“That’s why we’re constantly leveraging technologies to allow our customers to easily self service and enjoy a simple, intuitive insurance purchasing and servicing processes. We couldn’t have gotten to where we are now without the resilient and essential small business community that keeps our economy running, and we share this moment of celebration, reflection, and appreciation with them.”
NEXT Insurance customer, EKO Kitchen explained the positive impact that the firm has had on their operations. Company founder, Simileoluwa Adebajo said, “After various frustrations and obstacles with other insurers, switching to NEXT was truly a breath of fresh air. Many of my corporate catering clients require proof of insurance before I can secure a job, but with NEXT, I can get a certificate of insurance (COI) in minutes. I always thought insurance had to be a lengthy and difficult process, but my experience with NEXT has been completely different.
“As a small business owner, I would rather focus on my own business than have to deal with a complicated insurance process, and NEXT makes that possible,” she continued.
The milestone has come hot on the heels of a raft of positive announcements from the insurer. Recently, they have revealed an array of partnerships, including LegalZoom and Bold Penguin, as well as the successful launch of a raft of new products.
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