PreferredVerified Q1 2026
Source: ERGO NEXT — Retail Insurance
ERGO NEXT Insurance: Retail Stores Insurance Appetite
NEXT Insurance is perfect for very small retail businesses — pop-up shops, Etsy sellers needing GL, small boutiques, and market vendors. Their pricing and digital experience are hard to beat for micro businesses. Once a retailer grows past $1M in revenue, transition them to Progressive or Travelers for more comprehensive coverage.
Available Lines
| Line of Business |
|---|
| General Liability |
| Business Owners Policy (BOP) |
| Workers' Compensation |
| Commercial Auto |
Premium Range
$500-$4,000
Typical annual premium
Target States
All 50 states
Key Features
- Lowest minimum premiums in the market for micro retailers
- BOP with property coverage for small storefronts
- Digital-first experience with mobile app for policy management
- Instant quoting with binding in under 10 minutes
- Monthly billing with no down payment required
Limitations
- Property coverage limits capped at $500K for BOP
- No umbrella, EPLI, or cyber liability available
- Retailers with annual revenue over $5M exceed program limits
Compare Other Carriers for Retail Stores
Progressive CommercialPreferred
$1,500-$8,000
TravelersStandard
$2,500-$12,000
CNAStandard
$3,000-$15,000
HiscoxStandard
$500-$4,000
The HartfordPreferred
$1,500-$12,000
EMPLOYERS HoldingsPreferred
$800-$5,000
AcuityStandard
$2,000-$12,000
Erie InsuranceStandard
$2,000-$12,000
biBERKPreferred
$1,500-$8,000
AmTrust Financial ServicesPreferred
$1,500-$10,000
BTISStandard
$1,500-$8,000
Pie InsurancePreferred
$800-$5,000
NationwidePreferred
$1,200-$9,000
Liberty MutualStandard
$1,500-$10,000
ChubbStandard
$2,000-$12,000
Cincinnati FinancialPreferred
$1,200-$8,000
Hanover InsurancePreferred
$1,200-$8,500
Auto-Owners InsurancePreferred
$1,000-$7,500
Guard Insurance GroupPreferred
$1,000-$7,000
Markel CorporationStandard
$2,000-$12,000
Coterie InsuranceStandard
$500-$3,500
Selective Insurance GroupStandard
$3,000-$25,000
Kinsale Capital GroupStandard
$2,000-$15,000
InsureonStandard
$400-$5,000