NEXT Insurance Launches Employment Practices Liability Insurance for Restaurants, Expands General Liability Coverage Protection
Next-generation insurtech broadens offerings to support small businesses, particularly those in food & beverage
PALO ALTO, Calif.,Dec. 15, 2022/PRNewswire/ --NEXT Insurance, a leading digital insurtech transforming small business insurance, today announced its renewed commitment to small business restaurant owners with the expansion ofEmployment Practices Liability Insurance(EPLI), which is now available with general liability in 28 states plusWashington, DC.继续它的使命,帮助企业家s thrive by innovating and enhancing its product offerings, NEXT's EPLI coverage provides additional protection for business owners against lawsuits involving discrimination, sexual harassment, wrongful termination and more.
One of small businesses' largest concerns and pain points is having the right financial protection set up if they're held responsible for common workplace accidents or staring down employment practice lawsuits. Small businesses, includingrestaurants可以更容易雇佣惯例claims because they often lack human resource departments, employee handbooks or legal staff, making them prime targets for customer and employment lawsuits related to rights violations, wrongful discipline, benefits mismanagement among many others. Additionally, EPLI coverage can also help pay for legal expenses associated withAmericans with Disabilities Act(ADA) compliance complaints, for example, if a claim is filed that alleges improper wheelchair access to your restaurant.
"Employment practice lawsuits can be costly to resolve and emotionally draining, which is especially important now for those who have been hit hardest by the pandemic like restaurant owners," saidRichard Yeung, Vice President of Insurance at NEXT. "EPLI is a distinct type of insurance coverage that helps pay for legal fees for discrimination claims, that may not be covered by other policies like workers' compensation. This expansion of NEXT's offerings provides our customers with additional protection so that they can focus on growing a successful business rather than stressing over financial concerns in the wake of investigation costs, judgments or settlements."
Data fromNEXT's survey of restaurant-goersearlier this spring found that enthusiasm for dining out (and at-home delivery from local restaurants) is still high on many consumers' to-do lists, despite the continuing pandemic risks involved. Pairing high restaurant turnout with arestaurant labor shortage, small business owners are operating in a high-risk environment, making EPLI coverage even more critical to protecting their livelihood.
With the launch of EPLI Insurance for restaurants, NEXT is offering$25,000in EPLI coverage as part of its Pro package and$50,000in EPLI coverage as part of its Pro + package to new and existing customers. To learn more about EPLI visit NEXT'swebsite, get aninstant quoteor become anappointed agentwith NEXT today.
NEXT Insuranceis transforming small business insurance with simple, digital and affordable coverage tailored to the self-employed. Trusted by420Kbusiness owners, NEXT offers policies that are easy to buy for over 1,300 unique types of businesses and provides 24/7 access toLive Certificates of Insurance, Additional Insured, and more, with no extra fees. Revolutionizing a historically complicated insurance industry, NEXT utilizes AI and machine learning to simplify the purchasing process and provide more affordable coverage. Founded in 2016, the company is headquartered inPalo Alto, has received a total of$881 millionin venture capital funding, is rated "A- Excellent" byAM Bestand has been recognized byCNBC Disruptor 50,Forbes Fintech 50,Inc.'s Best-Led Companies, andForbes Best StartUp Employers.For more information, visitNEXTInsurance.com.Stay up to date on the latest with NEXT onTwitter,LinkedIn,Facebookand ourblog.
Kerry Ogata
Director of Corporate Communications
NEXT Insurance
[email protected]
301-717-4224
SOURCE NEXT Insurance
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