InsurTech NEXT Insurance, which is on a mission to transform small business insurance, has teamed up with provider of third-party insurance verification services Evident, to provide NEXT’s tailored insurance solutions to the small businesses that Evident verifies.
According to a data-based research report from Evident, only 25% of enterprise companies’ third-party partners are fully compliant with their insurance requirements.
NEXT said this partnership allows the two companies to fill the coverage gaps that exist for these small businesses and support them with their compliance needs.
According to NEXT, together with Evident, the combined solution is the only fully-automated, fully-digital insurance verification and fulfilment solution available. Through this partnership, NEXT said it can help Evident’s clients and their small business clients streamline and simplify the process of purchasing coverage and provide proof of required insurance.
Eric Harnden, vice president of partnerships and agency at NEXT Insurance, said, “Our mission is to enable small businesses to thrive by providing them with fast, affordable and customisable insurance. Our partnership with Evident helps small businesses achieve and remain compliant with the coverage requirements of their larger enterprise customers.
“Enterprise risk managers deal with thousands of small business vendors who need various coverages in order to scale their business, and NEXT Connect, our embedded insurance solution, makes this process really easy.”
At the start of the year, Next Insurance introduced a mobile app designed to customise and share certificates of insurance.
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