Workplace injuries and illness may not be the first thought that comes to mind for an entrepreneur launching a new business. But seasoned business owners know the value of protection. Although small businesses understand the importance of insurance, it\u2019s often not prioritized or overlooked due to the complexity of running a small business.\u00a0<\/span><\/p>\n A survey<\/span><\/a> of 500 small business owners across the U.S. found that 90% of owners aren\u2019t completely confident they have enough insurance coverage for their small business.<\/span><\/p>\n That\u2019s why we\u2019re excited that Gusto Embedded has partnered with <\/span>NEXT Insurance<\/span><\/a>, a leading digital insurtech company, so that our partners can offer their customers a seamless workers’ compensation quote interface. The policies from NEXT are pay-as-you-go, creating a tailored, and convenient way for owners to protect their businesses from unexpected expenses. Through <\/span>NEXT Connect,<\/span><\/a> an embedded insurance solution, small business customers can quickly purchase coverage that makes it easier to stay compliant and protect their businesses and employees. Without insurance, the employer could be responsible for all the costs related to a workplace accident, which could add up to tens of thousands of dollars.<\/span><\/p>\n Gusto Embedded partners can now give customers the option to get a free workers’ compensation quote in minutes and sign up for coverage without leaving the partner\u2019s SaaS platform. NEXT Connect\u2019s simple and intuitive quote and signup UI can be seamlessly integrated via Gusto Embedded\u2019s pre-built Flows or via an API call.<\/span><\/p>\n Business owners in most states are legally required to have workers\u2019 compensation coverage if they have employees. For example, Colorado law requires coverage as soon as you hire an employee. Tennessee business owners are not required to have coverage until they have five or more employees (more here<\/a>). In many cases, business owners find it more convenient to sign up for payroll and workers\u2019 comp together.<\/p>\n Even when not required by law, many business owners buy coverage in case an employee experiences a work-related injury or illness. Workers\u2019 comp may also be required to get a license for some professions. Or clients may ask business owners for proof of insurance before closing a deal. Having a certificate of insurance for workers\u2019 comp lets clients know their vendors have coverage in case an employee gets injured while working for them.<\/p>\n Part of running a business means managing workplace injuries and illness. The complexity of state law makes compliance an onerous task for business owners. For example:<\/p>\n NEXT Connect is an embedded insurance solution that enables partners to give their customers more choice and simplicity when purchasing insurance policies \u2014 within their SaaS platform. NEXT Connect\u2019s pre-built, simple, and intuitive UI helps business owners customize an affordable business insurance quote and sign up for coverage in minutes. By leveraging multiple insurance carriers, including NEXT, partners can address the full coverage needs of virtually any type of small business anywhere in the U.S.<\/p>\n NEXT Connect combines a partner-based, multi-carrier model with a user-friendly technology and customer experience. Additionally, NEXT leverages artificial intelligence (AI) and machine learning to deliver digital, simple and affordable purchasing experiences. Business owners are able to purchase coverage in a convenient way for them \u2014 either completely online or with the assistance of a licensed insurance agent.<\/p>\n Gusto Embedded partners do not need to do additional UI work to offer NEXT\u2019s workers\u2019 comp simple and intuitive quote and signup UI. The option for end-customers to opt into the NEXT Connect quote flow will be included in select pre-built Flows or via API call.<\/p>\n Ultimately, Gusto Embedded plus NEXT aim to empower more SaaS partners to serve even more small businesses with convenient, seamless, and affordable insurance options to better serve their teams and protect their businesses.<\/span><\/p>\n Want to learn more about Gusto Embedded Payroll or NEXT Insurance? <\/span>Contact Gusto Embedded<\/span><\/a> or <\/span>NEXT Insurance<\/span><\/a> today!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Get more from the payroll API you trust Workplace injuries and illness may not be the first thought that comes…<\/p>\n","protected":false},"author":11,"featured_media":365,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-product-updates"],"acf":{"exclude_from_embedded_resources":false,"popularity":0,"essentiality":0},"yoast_head":"\nBetter together: embedded payroll and workers\u2019 compensation<\/h2>\n
\n
Why NEXT workers\u2019 comp<\/h2>\n
How will embedded payroll partners take advantage of NEXT workers\u2019 comp?<\/h2>\n