Digital insurance carrier Next Insurance has rolled out its new commercial auto insurance policy, targeted towards small businesses.
The offering is available entirely online, a release said. Small businesses have the option of either buying a commercial car insurance policy separately, or at a reduced price when purchased together with liability insurance.
“Introducing our commercial automotive product is a major milestone for us as we become the single source for all small business insurance needs,” said Next Insurance co-founder and CEO Guy Goldstein. “Our commercial auto insurance offers the convenient, quality coverage customers have come to expect from Next Insurance, all at prices that are affordable for all sizes of business.”
Benefits and highlights of the insurance product include:
In July, Next Insurance raised $83 million in a Series B funding round, led by Redpoint Ventures. The funding round brought Next’s total funding to $131 million in two years.