NEXT Insurance Launches Standalone Professional Liability for Consultants

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Oct 15, 2024, 10:00 ET

Comprehensive digital offering strengthens NEXT's suite of coverage for professional services

PALO ALTO, Calif., Oct. 15, 2024 /PRNewswire/ -- ITC Vegas 2024 - Today, NEXT Insurance, a leading technology-first small business insurer, announced the launch of its standalone Professional Liability coverage tailored specifically for consultants. This modern insurance solution was meticulously designed for the professional services sector, particularly those in business and technology consulting. Professional Liability joins NEXT's latest suite of product and coverage releases, including a comprehensive Business Owner's Policy (BOP) insurance product and Copilot, a tool designed to help agents increase their revenue by efficiently serving small micro businesses with customized insurance policies.

Accountants, architects, engineers, insurance agents, real estate brokers, and others can now customize professional liability policies that protect against the most common risks to their profession. These include errors and omissions, personal and advertising injury, contingent bodily injury, and property damage coverage.

"Consultants face a unique set of risks that require specialized coverage, and our new standalone Professional Liability coverage is designed to meet those needs with precision," said Chris Rhodes, Chief Insurance Officer at NEXT Insurance. "This product not only enhances our commitment to providing tailored insurance solutions but also supports consultants with the comprehensive protection they need to focus on their work with confidence."

Since no two businesses are exactly the same, policies can be further customized with the option to purchase extended reporting period coverage for up to 36 months. Consultants are also eligible for prior acts coverage, safeguarding them against past liabilities. NEXT's Professional Liability coverage extends to full-time and part-time employees, interns, volunteers, and contractors and can be purchased directly online through partners or insurance agents.

If you're attending ITC Vegas 2024 and are interested in becoming an appointed agent and learning how NEXT's digital approach can drive more profitable outcomes, join us at booth A15 on the Agents Expo show floor on October 15th.

To explore embedded partnership opportunities through NEXT's industry-leading digital solution, NEXT Connect, click the link for more details.

About NEXT Insurance:
NEXT Insurance is a leading digital insurer transforming small business insurance with simple, digital coverage tailored to the self-employed. Trusted by over 500,000 business owners, NEXT offers policies that are easy to buy and provides 24/7 access to purchasing and servicing, including Certificates of Insurance, additional insured, and more, with no extra fees. Revolutionizing a historically complicated insurance industry, NEXT utilizes AI and machine learning to simplify the purchasing process. Founded in 2016, the company is headquartered in Palo Alto, has received over $1 billion in venture capital funding, and is rated "A- Excellent" by AM Best. The company has also been recognized by CNBC Disruptor 50, Forbes Fintech 50, Inc.'s Best-Led Companies, and Forbes Best StartUp Employers. For more information, visit NEXTInsurance.com. Stay up to date on the latest with NEXT on Twitter, LinkedIn, Facebook and our blog.