Palo Alto, CA -(PRNewswire)- Next Insurance recently announced the availability of its Workers’ Compensation offering to 24 additional states across the nation, including Alabama, Iowa, Louisiana and Virginia. This expansion increases the company’s overall Workers’ Compensation coverage in the US to more than 50%.
“By expanding Workers’ Compensation to more than half of the country, Next Insurance is taking another important step in our journey to become the one-stop-shop for all small businesses,” said Sofya Pogreb, COO of Next Insurance. “This expansion helps us provide simpler and more affordable solutions for Workers’ Compensation, which is far too often one of the largest operational expenses for small business owners. Now, small businesses can easily protect employees while complying with their state guidelines. We remain dedicated to bringing more benefits to customers, and are working on launching pay-as-you-go, which fluctuates automatically with your payroll to ensure you never over or under pay.”
Legally required in most states as soon as a company hires its first employee, Workers’ Compensation protects both the employee and the business in the event of an accident, illness or death occurring while working or engaging in work-related activities. Next Insurance’s Workers’ Compensation policies cover medical expenses, loss of income, retraining, permanent injury, and survivor benefits, ensuring employees receive proper care without placing potentially devastating financial burdens on employers. Even sole proprietors can benefit from Workers’ Compensation if medical expenses related to workplace accidents are not covered by health insurance.
Today’s Workers’ Compensation state expansion announcement includes: Alaska, Arizona, Arkansas, Connecticut, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Mexico, Rhode Island, South Carolina, Tennessee, Utah, Vermont, Virginia, and West Virginia. These states join previous coverage availability in: Colorado, Florida, Georgia, Illinois, Nevada and Texas. As the company builds on its mission to become the one-stop-shop insurance provider, Next Insurance will steadily expand Workers’ Compensation in additional states into 2021.