Next small business insurance Arizona
Next Insurance for Small Business Coverage in Arizona: A Compr
ehensive Guide
Hello, this is Blake from Blake Insurance Group. Today, I want to talk about a company making waves in the small business insurance sector, particularly in Arizona – NEXT Insurance.
Founded in 2016, NEXT Insurance has quickly established itself as a trusted provider of small business insurance, serving over 420,000 business owners across various industries. The company is dedicated to providing accessible, fast, and affordable insurance solutions tailored to the unique needs of small businesses and self-employed workers.
NEXT Insurance is rated “A- Excellent” by AM Best, an industry standard for rating insurance companies. This rating is a testament to the company’s financial strength and ability to meet its ongoing insurance obligations.
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NEXT Insurance's Focus on Small Businesses and Self-Employed Workers
NEXT Insurance is 100% dedicated to small businesses and self-employed workers, insuring more than 1,300 types of small businesses. The company’s innovative, AI-based technology simplifies getting insurance, allowing business owners to get a quote, purchase coverage, and share a certificate of insurance online in less than 10 minutes.
The company offers a range of insurance products, including general liability, workers’ compensation, commercial auto, equipment and tools, and commercial property insurance. These policies can be purchased individually or bundled together for up to a 10% discount.
Importance of Business Insurance in Arizona
In Arizona, most businesses with employees must carry workers’ compensation insurance. This form of coverage is designed to help cover costs when employees are hurt on the job, paying for medical bills and lost wages while the employee recovers.
For example, if an employee at a retail store in Arizona slips and falls, injuring themselves, workers’ comp insurance could help the business cover the employee’s medical bills and lost wages. This financial safety net can keep the business running smoothly even when things don’t go as planned.
How NEXT Insurance Serves Arizona Small Businesses
NEXT Insurance offers a seamless experience for Arizona small businesses, providing coverage, pricing, and customer service tailored to their specific needs. The company’s insurance packages often include general liability, professional liability, workers’ compensation, and commercial property insurance.
For instance, a retail store in Arizona can pay as little as $17 each month for business insurance. The policies are customized based on the specific risks associated with the business, ensuring that the business gets the right coverage at the most competitive rates.
Types of Coverage Offered by NEXT Insurance in Arizona
As a small business owner in Arizona, you have various insurance options through NEXT Insurance. Let’s delve into the different types of coverage they offer and how they can benefit businesses in various industries.
General Liability Insurance
General liability insurance is a fundamental coverage that can provide a financial safety net after unforeseen events. It can help cover expenses related to personal injury, property damage, and even lawsuits. For instance, if a customer slips and falls in your retail store, general liability insurance can help cover the medical costs and legal fees if the customer decides to sue.
Professional Liability Insurance
Professional liability insurance, also known as errors and omissions insurance, is designed to protect you if you or your employees are accused of making a mistake that causes financial harm to another person or business. For example, if you’re a property manager and the property owner claims you made repeated mistakes on the paperwork for tenant transactions that cost $50,000, your professional liability coverage could cover some expenses up to the policy limit.
Workers’ Compensation Insurance
In Arizona, most businesses with employees must carry workers’ compensation insurance. This form of coverage is designed to help cover costs when employees are hurt. It can help pay for medical bills and lost wages while the employee recovers. For instance, if a carpenter working for your general contracting business injures their hand while on the job, workers’ compensation insurance can help cover their medical expenses and lost wages.
Inland Marine Insurance
Inland marine insurance, also known as tools and equipment insurance, is designed to cover equipment and tools that are often on the move. For example, if you’re a handyman and your tools are stolen from your work van, inland marine insurance can help cover the cost of replacing them.
Commercial Property Insurance
Commercial property insurance can help pay for repairs to real estate and your commercial building if you own it. It can also cover damage to your business property caused by fire, wind, and hail. For instance, if a fire damages your retail store, commercial property insurance can help cover the cost of repairs.
The Process of Getting Insured with NEXT
Getting insured with NEXT Insurance is a streamlined and efficient process. It begins with submitting a complete application online to obtain a particular coverage. The issuance of insurance coverage is dependent on underwriting approval, and availability and coverages may vary by state.
Once your application is accepted, you’ll receive a quote for your insurance policy. Unlike traditional insurance processes that require you to pay for the full year simultaneously, NEXT Insurance offers a modern approach that allows you to see policy options and make payments online.
One of the standout features of NEXT Insurance is the ease of obtaining a Certificate of Insurance (COI). A COI is proof of insurance many companies or individuals will ask for to ensure they won’t be stuck with a large bill if something goes wrong. With NEXT Insurance, getting a COI is streamlined and free. You can access your COI instantly, online, and at no extra cost. This flexibility allows you to provide a COI to a prospect or existing customer whenever and wherever you need to.
Moreover, with NEXT, you have 24/7 access to add additional insured and get your free, updated certificate of insurance any time you need.
Customer Reviews and Feedback
Customer reviews and feedback about NEXT Insurance are mixed, providing a balanced view of the company’s reputation.
On the positive side, many customers appreciate the ease and convenience of NEXT’s digital approach to insurance. They find the online application process quick and straightforward, and the ability to manage their policies digitally is a significant advantage. NEXT Insurance is also rated A- (Excellent) by AM Best for its financial strength, indicating that the company is financially stable and should be able to pay out claims as needed.
However, there have been some complaints about NEXT Insurance. Some customers have reported issues with claims handling, with complaints about unprofessional behavior and slow response times.
Claims Process at NEXT Insurance
Filing a claim with NEXT Insurance is a straightforward process that can be done online or by phone. The company aims to investigate and resolve claims as quickly as possible, to resolve claims within 48 hours.
The process begins by reporting the claim online or by calling NEXT Insurance. Once the claim is reported, a NEXT claims advocate will review the details and ask any necessary follow-up questions to ensure all the required information is in order.
During the claims process, it’s important to provide as much supporting documentation as possible, such as photos and paperwork, to expedite the process. Any uncertainty or missing information can prolong the process, so it’s crucial to stay engaged with NEXT throughout the process.
Once all the necessary documentation is collected, the claims evaluation process can begin. If the claim is approved, NEXT will pay for the treatment, lost wages, and any other approved benefits in your policy. If the claim is denied, the adjuster will let you know and explain the denial.
Cost of Insurance with NEXT
The insurance cost with NEXT varies depending on the type of business, its location, operations, and the specific coverage needed.
For example, general liability insurance can cost as little as $11 monthly for some businesses or $128 annually. Professional liability insurance can start at $18.34 monthly or $220 annually. Commercial auto insurance can cost as little as $12.50 monthly or $150 annually. For general contractors, insurance can start at $75 per month, and for business financing, insurance can start at $25 per month.
NEXT Insurance also offers discounts for bundling policies. You can save up to 10% if you purchase more than one type of business insurance with NEXT. For instance, if you add workers’ compensation coverage with your general liability policy, you could save 10% immediately.
It’s important to note that these are just examples, and the actual cost will depend on various factors, including the likelihood of making a claim, the number of employees, and the specific needs of the business.
To get a more accurate quote, you can use NEXT’s instant quote process online. After answering a few questions about your business, NEXT will share options with pricing for your business.
Role of NEXT Insurance Agents in Arizona
NEXT Insurance agents in Arizona play a crucial role in helping small businesses understand their specific needs and recommend appropriate coverage. These agents work closely with business owners to assess the risks associated with their operations and suggest the right types and levels of coverage to protect their businesses.
Insurance agents can either be employees or independent contractors, working in-house at an insurance company, in an agency, or for an agent-owned small business. They adhere to high ethical standards and add value to small businesses by:
Explaining how small business insurance works.
Assessing the business’s unique risks and vulnerabilities.
Recommending tailored insurance policies that best fit the business’s needs.
Assisting with the claims process when needed.
As a small business owner, working with a NEXT Insurance agent can provide you with valuable insights and guidance on the types of coverage that are most suitable for your business. For example, an agent can help you understand the differences between general liability, professional liability, workers’ compensation, inland marine, and commercial property insurance and recommend the best combination of policies for your specific situation.
Choosing Blake Insurance Group as your preferred NEXT Insurance agent in Arizona comes with several benefits:
**Local Expertise**: Blake Insurance Group is a local agency, meaning they understand the specific needs and challenges of businesses operating in Arizona. They work and live in the same area as you, providing personalized service to their clients.
**Wide Range of Policies**: Blake Insurance Group offers a wide range of insurance policies, including auto, home, life, health, and business insurance. This means they can provide comprehensive coverage for all aspects of your life and business.
**Independent Agency**: As an independent agency, Blake Insurance Group works for you, not the insurance company. They can choose the best carrier for your insurance needs, ensuring you get the best value for your insurance dollar.
**Experienced Team**: Blake Insurance Group’s team has experience working with major insurance companies like Progressive, Safeco, and UnitedHealth Insurance to find the best coverage for your needs
. **Personalized Service**: Blake Insurance Group is dedicated to providing personalized insurance solutions. They work to ensure that each client has the best possible coverage for their situation.
**Positive Reviews**: Blake Insurance Group has received positive reviews from customers, indicating a high level of customer satisfaction.
**No Broker Fees**: Blake Insurance Group does not charge broker fees, which can help you save money on your insurance.
Choosing Blake Insurance Group as your preferred NEXT Insurance agent in Arizona can provide you with local expertise, a wide range of policy options, personalized service, and potential cost savings.