The partnership provides small businesses with a hassle-free program to purchase insurance to qualify for corporate coverage through NEXT Connect
PALO ALTO, CA, July 20, 2022 /PRNewswire/ — NEXT Insurancea leading digital insurance company transforming small business insurance and Obvious, a leading provider of third-party insurance verification services, today announced a collaboration to provide customized NEXT insurance solutions for small businesses that Evident verifies, improving their compliance with enterprise requirements. Through this partnership, NEXT and Evident are making it easier for small businesses to get the accurate coverage they need to grow and scale.
“Our mission is to enable small businesses to thrive by providing them with fast, affordable and customized insurance. Our partnership with Evident helps small businesses achieve and stay compliant with the coverage requirements of their large enterprise customers,” said Eric Harnden, Vice President of Partnerships and Agency at NEXT Insurance. “Enterprise risk managers deal with thousands of small business suppliers who need different coverages to grow their business and NEXT Connect, our built-in insurance solution makes this process very easy.”
Whether small businesses are maintaining relationships with large clients or winning business with larger prospects, insurance compliance is essential. Without meeting these requirements, small businesses will not be able to gain access to corporate customers, halting their growth trajectory. However, according to Evident data-driven research reportonly 25% of third-party business partners fully comply with their insurance requirements. This partnership allows NEXT and Evident to fill the coverage gaps that exist for these small businesses and support them in compliance.
“Our corporate clients are demanding that small businesses meet increasingly stringent insurance requirements. Reviewing insurance options when trying to join a significant new venture is a major challenge in the small business customer journey,” said David Thomas, founder and CEO of Evident. “Our partnership with NEXT means better overall compliance for our enterprise customers, as well as the right coverage at the right price for the small businesses we audit, helping everyone get up and running.”
NEXT was chosen by Evident because it provides multiple lines of insurance coverage for a wide range of business classes in the small business sector, which promotes small business growth. With NEXT, small businesses can quickly get quotes, shop online and receive an insurance certificate in seconds, any time of the day. The combined solution of NEXT and Evident is the only fully automated, fully digital insurance verification and fulfillment solution available. Through this partnership, NEXT can help Evident’s customers and their small businesses streamline and simplify the process of purchasing insurance coverage and provide proof of coverage they need.
For more information on NEXT and Evident solutions for insurance verification and placement, click here to register for our free informational webinar. To learn more about partnering with NEXT and the value NEXT Connect’s embedded solution, visit our partner page.
About NEXT Insurance
NEXT Insurance is transforming small business insurance with simple, digital and affordable coverage tailored for the self-employed. They trust more than 300 thousand NEXT offers business owners policies that are easy to purchase in 10 minutes or less and provides 24/7 access to Live insurance certificates, additional insurance, etc. without additional fees. Revolutionizing the historically complex insurance industry, NEXT uses artificial intelligence and machine learning to simplify the buying process and make coverage more affordable. Founded in 2016, the company is headquartered in Palo Altoreceived in total 881 million dollars in venture capital financing received an “A- Excellent” rating. AM Best and was recognized CNBC Disruptor 50, Forbes Fintech 50, Best Managed Companies Incand Forbes’ Best Startup Employers. For more information visit NEXTInsurance.com. Stay up to date with the latest news from NEXT on Twitter, LinkedIn, Facebook and ours blog.
Evident is the only fully automated, fully digital insurance verification solution built from the ground up to reduce corporate risk, cost and manual effort. The world’s largest organizations rely on Evident’s revolutionary insurance and credential verification technology to help them make fast and informed decisions about engaging new vendors, suppliers, franchisees and other third-party partners without compromising the privacy of their data. Evident is a venture capital-backed technology startup headquartered in Atlanta, Georgia. Learn more at evidentid.com.
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