Startups > Next Insurance

Next Insurance

Next Insurance helps small businesses buy commercial insurance online in 10 minutes.
Series F $1.12B total Founded 2016 Palo Alto, California 687 employees
Next Insurance is a digital-first insurance platform that enables small businesses to obtain commercial insurance coverage—including general liability, professional liability, workers' compensation, and commercial auto—in as little as 10 minutes through a 100% online process. The company serves over 750,000 small businesses across 1,300+ professions with instant proof of insurance and U.S.-based support. Unlike traditional brokers requiring weeks of back-and-forth, Next Insurance provides tailored quotes and immediate binding, eliminating the friction of legacy insurance purchasing. In July 2025, the company was acquired by Munich Re Group's ERGO for $2.6 billion.
Problem solved
Small business owners waste days obtaining insurance quotes from brokers, face confusing policies with unnecessary coverage, and cannot get instant proof of insurance.
Target customer
Small business owners (1-50 employees) in trades, professional services, fitness, cleaning, beauty, therapy, and education sectors seeking affordable, fast commercial insurance.
Website LinkedIn Crunchbase Twitter / X
Founders
G
Guy Goldstein
CEO & Co-Founder
Previously founded Check, a mobile payment company acquired by Intuit for $360M; holds two Bachelor's degrees in Software Engineering and Business from Tel Aviv University.
A
Alon Huri
Co-Founder & Advisor
Founding team member at Check (acquired by Intuit for $360M); now partner at Team8 venture capital firm in Israel.
N
Nissim Tapiro
CTO & Co-Founder
17+ years in consumer product and financial startups; former VP of Engineering at Check and held engineering roles at Mercury Interactive (acquired by HP).
Funding history
Seed Unknown March 15, 2016 Led by Unknown · Unknown
Series A Unknown June 20, 2017 Led by American Express · Unknown
Series B Unknown June 22, 2018 Led by Redpoint Ventures · Unknown
Series D $250M September 2020 Led by Unknown · Unknown
Series D (Extended) $180M March 26, 2021 Led by Unknown · Unknown
Series F $250M April 2021 Led by Unknown · Unknown
Series E $265M October 2, 2023 Led by Allstate, Allianz X · Unknown
Total raised: $1.12B
Industries
Commercial Insurance Finance Insurance Small and Medium Businesses InsurTech
Pricing
General liability policies start at $19/month, with nearly half of customers paying $45 or less per month. Multi-policy bundling discounts up to 10% available. Additional service fee of $3.99/month plus 1.99% credit card processing charges apply.
Notable customers
Amazon Prime Business, Toast Inc., Gusto, LegalZoom
Integrations
Amazon Prime Business, Toast, Gusto, LegalZoom, DocuSign
Tech stack
React (JavaScript frameworks) Emotion (Development) Next.js (Web servers) web-vitals (JavaScript libraries) Tailwind CSS (UI frameworks) Zendesk (Documentation) Webpack Module Federation DocuSign Hashnode (Blogs) Node.js (Programming languages) Google Workspace (Email) Amazon Cloudfront (CDN) MailChimp (Marketing automation) Google Tag Manager (Tag managers) Amazon Web Services (PaaS) AWS Certificate Manager (SSL/TLS certificate authorities) Priority Hints (Performance) Partytown (Performance) Salesforce (CRM) Google Workspace (Webmail)
Website
nextinsurance.com/
Competitors
Root Insurance
Focuses primarily on auto insurance with less emphasis on commercial business coverage; slower onboarding process.
Embroker
European-focused InsurTech platform; less specialized in small business general liability.
CoverWallet
Offers broader insurance marketplace; less streamlined digital binding experience than Next Insurance.
Vouch
Specializes in technology and digital services companies; narrower market focus than Next Insurance's 1,300+ professions.
AmTrust Financial Services
Traditional underwriter model with longer quote-to-bind cycles; lacks Next Insurance's digital-first positioning.
Why this matters: Next Insurance achieved a $2.6B exit to Munich Re Group's ERGO in 2025 after pioneering the digital-first, embedded insurance model for small businesses. The company proved strong product-market fit across 750,000+ customers and validated that legacy insurance distribution can be disrupted through speed, simplicity, and strategic integrations with adjacent SaaS platforms.
Best for: Small business owners with 1-50 employees who need affordable, instant commercial insurance without the frustration of traditional broker processes.
Use cases
Contractor Getting Job-Ready Insurance
A freelance electrician needs general liability insurance to bid on a commercial job with a 48-hour deadline. Next Insurance delivers a quote and binding confirmation in 10 minutes via email, eliminating the need to contact brokers or wait days for underwriting approval.
Multi-Policy Small Business
A fitness studio needs general liability, workers' compensation, and professional liability. Next Insurance allows the owner to bundle all three policies in one session, apply a 10% multi-policy discount, and receive instant proof of insurance without leaving their desk.
Embedded Insurance for SaaS Platforms
A payroll management SaaS platform (like Gusto) can offer workers' compensation insurance directly within their application, letting customers bind coverage without leaving the platform—reducing churn and increasing ARPU.
Alternatives
Stride Health Focused on individual health insurance navigation rather than small business commercial coverage; different market entirely.
The Hartford Established large carrier with traditional distribution model; slower quoting and binding process but broader coverage options for complex businesses.
Catch Self-employed insurance advisor tool focused on tax and quarterly payments rather than digital policy binding and instant coverage.
FAQ
What does Next Insurance do? +
Next Insurance is a digital insurance platform that enables small business owners to obtain commercial insurance—general liability, professional liability, workers' compensation, and commercial auto—online in as little as 10 minutes. The platform provides instant quotes, immediate binding, and proof of insurance without broker involvement or multi-day underwriting delays.
How much does Next Insurance cost? +
Pricing varies by business type and coverage, but general liability policies start at $19/month, with nearly half of customers paying $45 or less monthly. Multi-policy discounts up to 10% are available. Additional fees include a $3.99/month service fee and 1.99% credit card processing charges.
Who should use Next Insurance? +
Small business owners with 1-50 employees in trades, professional services, fitness, cleaning, beauty, therapy, education, and similar sectors. Best suited for businesses seeking quick, affordable insurance without complex underwriting needs or highly specialized coverage requirements.
How does Next Insurance compare to traditional brokers? +
Next Insurance eliminates days-long quoting processes by offering 10-minute digital quotes and instant binding online, versus traditional brokers requiring phone calls, back-and-forth emails, and multi-day underwriting. The trade-off is that traditional brokers may offer more customization for complex businesses, while Next Insurance excels for straightforward coverage needs across 1,300+ standard professions.
Can I embed Next Insurance into my platform? +
Yes. Next Insurance has embedded partnerships with platforms like Gusto, Toast, and LegalZoom, allowing customers to obtain quotes and bind coverage without leaving the host platform. Contact their partnership team for integration details.
Tags
InsurTech small business insurance digital insurance general liability workers' compensation embedded insurance SMB commercial insurance instant quotes API partnerships