Hiscox vs NEXT Insurance: which one fits your business?
Side-by-side comparison of Hiscox and NEXT Insurance — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: NEXT Insurance wins on our scorecard (8.1/10 vs 7.7/10).
| Scored on | Hiscox | NEXT Insurance |
|---|---|---|
| Right fit for small biz | 8 | 8 |
| Ease of use | 9 | 9 |
| Fees & pricing | 7 | 9 |
| Customer support | 6 | 6 |
| Features | 8 | 8 |
| General Liability Starting Price | ~$30/mo | — |
| Professional Liability Starting Price | ~$25/mo | — |
| BOP Bundle Discount | Up to 5% | — |
| Policy Fees | Varies by state | — |
| Monthly Premium | — | Varies by risk |
| COI Fees | — | $0 (Unlimited) |
| Down Payment | — | Often $0 |
Hiscox in one paragraph
Hiscox is the gold standard for fast, digital-first insurance for white-collar solopreneurs, but it loses its edge as soon as your business adds physical risk or employees.
Skip it if: You work in a high-risk trade like roofing or tree removal, as you will likely be declined or overcharged.
NEXT Insurance in one paragraph
NEXT Insurance is the fastest way for a solo contractor to get covered and on the job in minutes, though it lacks the personal touch required for complex claims.
Skip it if: You have a high-risk business or more than 20 employees and need a dedicated agent to manage complex liability exposures.
Frequently asked questions
Which is better, Hiscox or NEXT Insurance?
On our five-axis scorecard, NEXT Insurance scores higher (8.1/10 vs 7.7/10). NEXT Insurance is the fastest way for a solo contractor to get covered and on the job in minutes, though it lacks the personal touch required for complex claims.
Who should skip Hiscox?
You work in a high-risk trade like roofing or tree removal, as you will likely be declined or overcharged.
Who should skip NEXT Insurance?
You have a high-risk business or more than 20 employees and need a dedicated agent to manage complex liability exposures.