PRODUCT: Multi-Location Workers Compensation Coverage

BEST RATING: A

AVAILABILITY: Available on an open-brokerage basis.

FOCUS: Recently, NEXT Insurance, now part of Munich Re's ERGO Group, announced a new offering to better support small businesses with multiple operating locations across a single state. Its Multi-Location Workers Compensation Coverage allows single-entity small business owners with numerous locations to purchase workers compensation coverage through one policy.

“Until now, entrepreneurs have struggled to manage multiple locations and scale their operations with the right protection and, ultimately, the peace of mind that coverage offers," says Jack Ramsey, vice president of agents at NEXT.

“Multi-location for workers comp will simplify coverage options for small businesses with multiple locations, saving them valuable time managing their policies," Ramsey says.

COVERAGE DETAILS: NEXT's multi-location workers comp coverage allows small business owners with multiple locations to easily secure coverage through a single policy, meeting the needs of businesses that are scaling, adding new locations and hiring more employees. Multi-Location Workers Compensation Coverage eliminates the need to manage multiple workers comp policies across different sites, simplifying the entire process.

Business owners can also self-service their policies online and update their coverage as they expand. Small business owners can even plan ahead by scheduling the addition of a location for a future date so they don't forget during the busy process of opening a new site.

UNDERWRITING: Customers log on to NEXT's digital platform and provide basic business details, including the state of operation and class of business. If coverage is available in the selected state and class, they answer a few simple questions and, if eligible, receive an instant, bindable quote. NEXT does not require additional documentation, such as loss runs or form attachments, and does not refer applications for manual review.

COVERAGE AVAILABILITY: All U.S. states except OH, ND, WA and WY.

TARGET: Small businesses with multiple operating locations in a single state.

CONTACT: Anat Harel, director of digital marketing, NEXT Insurance.

Will Jones is IA editor-in-chief.