Since its 2016 inception, Thimble Insurance has amassed a sizable clientele. It was originally designed to provide liability insurance for drone operators, but after its initial success, consumers began asking if it might be applied to other fields. At long last, Thimble has chosen to broaden its scope to include 100 different types of businesses. Thimble lets you get insurance for as little as one hour or as long as one month. What’s more, the application process takes less than a minute.
Pros
- You can buy a policy for however long you need it—a month, a week, or a day.
- You can extend, cancel or modify your current policy right from their app
- You can get a quote from Thimble in thirty seconds
- They insure over a hundred small business types, from dog walkers to contractors
- You can get a certificate of insurance instantly
- A-rated insurers underwrite all policies
- 24/7 claims support
- Policies start at $5 an hour with a zero deductible and $1 million in coverage
Cons
- Not available in every state—although they’re working on that.
- They only have general liability insurance—if you’re looking for any other kind of insurance, you’ll have to go elsewhere.
Types of Insurance
Thimble provides 3 different types of insurance at the moment, and they are working on a 4th.
General Liability Insurance
For the vast majority of businesses, general liability insurance is a must. To put it simply, it helps shield your company from financial setbacks caused by:
- Bodily injury, when someone is injured on your business property.
- Property damage, when another person’s property is damaged by your business.
- Personal and advertising injury, when you publicize something damaging to another party’s reputation.
Thimble offers general liability insurance in 48 states and Washington, D.C. though It’s not available in New York or Washington.
Professional Liability Insurance
Professional liability insurance will help you out if, for example, you make a mistake in your work that costs your client money. Errors and omissions coverage is another name for this sort of insurance.
The rollout of Thimble’s professional liability insurance is proceeding cautiously on a state-by-state basis. New York, Washington, North Dakota, Wyoming, Colorado, Texas, Louisiana, Missouri, Iowa, Illinois, Indiana, Delaware, Rhode Island, Massachusetts, and Vermont do not currently have access to it.
Drone Insurance
Because of this breadth of coverage, Thimble stands apart from the competition. As a matter of fact, Thimble’s original name was Verifly Drone Insurance, and the Verifly app is still available for purchasing drone insurance today.
If your drone flying causes harm to others or their property, drone insurance can assist cover the costs. It protects against accidental theft, loss, or disappearance, as well as intrusions into personal space and elopements.
Event Insurance
The addition of event insurance is just one more feature Thimble is releasing. Event planners and vendors/exhibitors should read this. It covers third-party injuries and property damage, as well as legal costs and damages caused by intoxication. You can include retail liquor in your policy if you deal with the sale of alcoholic beverages.
Check out Thimble’s website to sign up for alerts regarding Event Insurance.
Coverage Options
All business insurance policies have a yearly renewal. There is a significant outlay of funds, especially if you engage in seasonal or casual employment and take advantage of the payment plans offered by some insurance firms.
Thimble’s customizable choices have alleviated the issue, and they are,
- Thimble Monthly: Thimble Monthly offers affordable ongoing coverage. You can cancel or pause your coverage at any time.
- Thimble On Demand: This option allows you to purchase coverage by the hour, day, or week and you cancel up to 1 hour before your coverage starts. This comes in handy in lots of scenarios. For example, if you’re bidding on a big project and need to show proof of insurance, you can purchase a Thimble On Demand policy. If the project falls through, you can cancel.
Professions Thimble Covers
Thimble provides services for almost 120 different occupations in numerous markets. The top 10 occupations of its policyholders are as follows:
- Pressure washers
- Handymen
- Landscaping
- Photographers
- Cleaners and Janitors
- General contractors
- Videographers
- Carpenters
- Fitness instructors
- Construction workers
Here are a few examples of coverage rates:
- A dog walking business paid $5 for 3 hours of coverage.
- A sanitation business paid $63.79 for 1 month of coverage.
- A dance instructor pays $52.92 for monthly coverage.
- A painting company paid $14.85 for 1 day of coverage
Thimble Mobile App
Thimble has a mobile application that can be downloaded from the App Store or the Google Play store. It’s ideal for getting insurance. You can receive an insurance policy and certificate of insurance with just a few mouse clicks.
Extra insureds and up to 100 crew members can be added without leaving the mobile app. The app also allows you to make changes to your coverage or cancel it entirely. Thimble’s insurer is Markel Insurance Firm (NYSE: MKL), a Fortune 500 company with an A rating from financial strength rating agency A.M. Best, however, claims cannot be filed through the app.
Thimble Claims
Both the Thimble company and employee liability plans are backed by Markel Insurance. Claim notifications can be made by calling Markel at 1-800-362-7535, sending a fax to 1-855-662-7535, or sending an email to newclaims@markelcorp.com. Claims can be submitted at any time.
You will need to submit evidence such as police records and the policy number when filing a claim.
You can contact Thimble Insurance at claims@thimble.com or by phone at 1-888-228-2281 to file a claim on your drone coverage. You’ll have to explain what transpired, list the people involved and where they live, and describe the harm done and the costs incurred.
Thimble Customer Service
Thimble’s website and mobile app make it easy to make several adjustments to your insurance plan. You can quickly modify your insurance by adding or removing insured parties, changing your company’s name or address, increasing coverage, or canceling it altogether.
Thimble does not provide phone assistance, so if you need to get in touch with anybody, you’ll have to use the online form provided on the website instead. Monday through Friday, 9 am to 6 pm ET, personnel is available to answer any questions you might have, and the company strives to respond to all inquiries within 1 hour.
Thimble also has a comprehensive Frequently Asked Questions (FAQ) section, so you may probably get the answers you’re looking for there instead of calling support.
Thimble Overall Rating
The requirements for insurance coverage vary greatly for freelancers, gig workers, and contractors. It hurts to spend a lot of money on insurance if you don’t need it for a whole year. Thimble’s specialized insurance plans are ideal for the self-employed, seasonal workers, and others with unpredictable income and employment patterns.
It’s easy to get a policy and it doesn’t break the bank. There is no need to respond to a battery of questions designed to pry into every aspect of your company. It’s as easy as answering a few questions and paying your monthly subscription. It’s convenient to be able to make adjustments to your policy via the website or mobile app.
It’s important to note that Thimble does have some drawbacks. To file a claim, customers must contact the company via phone or electronic mail. There is no way to make a claim using the Thimble app or website. In addition, support for customers is lacking. You may only reach them via their website; phone calls and live chats are not available.
However, it provides exceptional value and adaptability in its coverage. You can get much-needed financial security without going into debt by purchasing coverage for a few hours or a few days at a time. You can suspend your coverage at any time, even though you pay for it every month. In no way will you be charged for unnecessary levels of protection.
Thimble Insurance 2024 Latest Review: Worth The Try