On February 7, 2023, LegalZoom, a leading online legal and compliance solutions platform, and NEXT Insurance, a renowned digital insurtech firm transforming small business insurance, announced a partnership to better assist small business owners in creating and protecting their businesses online.
NEXT's best-in-class, fully embedded insurance solution, NEXT Connect, enables small company owners to receive an estimate for small business insurance and obtain a plan that works for them without ever leaving the LegalZoom platform.
According to a LegalZoom poll of small company owners, just 9% of entrepreneurs reported having business insurance at the time of business formation. However, obtaining business insurance is essential when establishing a firm to ensure success. From giving benefits to employees to defending a firm from damages to protecting consumers, business insurance is necessary for U.S. enterprises and is sometimes legally mandated.
When it comes to partnerships and the goods and services given to small business owners, LegalZoom continues to adopt a technology-forward approach. Thanks to new partners such as Wix and now NEXT Insurance, customers of LegalZoom now have access to a simple, unified experience that allows them to establish, manage, protect, and expand their business without ever leaving LegalZoom.com.
Customers looking for small business insurance will have their information automatically entered within NEXT Connect, with their approval, in addition to the embedded experience with the LegalZoom platform, making it simple to explore the insurance alternatives that are suited for them. Furthermore, for those who are still deciding whether to buy insurance but want to learn more, LegalZoom's Business Toolkit includes educational content that might provide crucial insurance information for entrepreneurs.
About LegalZoom
Founded in 2001, LegalZoom is a leading online business formation and an online platform for legal and compliance solutions in the United States. With a mission to democratize law, it operates in 50 states and over 3,000 counties across the United States, having over 20 years of expertise in navigating complicated legislation and simplifying its clients' legal and compliance processes. Millions of customers trust LegalZoom to officially establish and operate their businesses and protect brands and intellectual property.
About NEXT Insurance
Founded in 2016, NEXT Insurance is a renowned digital insurtech firm redefining small business insurance with digital, easy, and affordable coverage customized for the self-employed. The company is trusted by over 420K business owners and offers 24/7 access to live certificates of insurance, additional insured, and more with no additional costs. In addition, it is revolutionizing the insurance industry by leveraging machine learning and AI to streamline the purchase process and deliver more affordable coverage.