Announcing our partnership with NEXT for workers’ comp insurance
Some 44 percent of small businesses lack insurance and struggle with access, costs, and coverage. This is particularly acute with workers’ comp due to the complex legal and regulatory requirements. As Check has increasingly become the hub for our partners to simplify all the ways to pay, we’re constantly looking for ways to help them deliver a more complete experience to small business owner customers.
That’s why, today, we’re excited to spotlight our partnership with NEXT Insurance, which extends embedded, fast, digital and flexible workers’ comp insurance coverage to our partners.
NEXT is a rarity in its ability to deliver policies that are tailored to specific industries and roles—customization that makes a big difference and is core to our approach at Check. The employer will have the option to get a quote and then purchase workers’ comp insurance directly through the component. Onboarding will be streamlined with data already collected by Check for payroll.
One of the more exciting elements of our work together is the “pay-as-you-go” model. Unlike traditional workers’ comp billing, which requires businesses to pay a large, estimated annual premium up-front when they purchase their policy, pay-as-you-go systematically calculates premiums using actual payroll data, every pay cycle.
“We’re excited to work with Check to significantly expand access to pay-as-you-go workers’ compensation coverage through NEXT Connect – our fully-embedded experience for small business insurance. Check’s powerful infrastructure combined with NEXT’s digital offerings are a natural fit that allow us to create a simple and efficient approach to payroll while helping businesses avoid large upfront payments.” ,” said Eran Liron, Chief Strategy Officer, NEXT.
To learn more about our integration with NEXT, reach out here.
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