Thimble Small Business Insurance Review 2022:Flexible Coverage,Pros, Cons, Alternatives

Best For

  • Handymen, landscapers and contractors
  • Self-employed individuals
  • Seasonal business owners
  • Freelancers who do multiple types of work

Pros

  • Flexible general liability and professional liability policy options
  • Fast application process
  • Ability to pause monthly coverage
  • High-quality mobile apps

Cons

  • Not available in New York

Thimble Commercial Insurance
Thimble is an online insurance agency that sells insurance on a monthly, daily or hourly basis to those who need fast business coverage. Its policies are underwritten by other insurance companies, not by Thimble itself.
Thimbles are a handy option for businesses that need quick or temporary coverage. This is also useful for business owners who hire contractors; you can use Thimble to illustrate insurance requirements for people you hire, which they can purchase through Thimble.
That is, since Thimble does not cover its policy, you must file a claim with another insurance company. Additionally, Thimble customer support is only available online. If you’d like to be able to ask questions over the phone, either while shopping or after you’ve purchased your policy, consider alternatives.

In-depth review of thimbles
Thimble was founded in New York City in 2016 as Verifly Insurance. Verifly focuses on the drone insurance market. However, in 2019, the company began offering general business liability insurance, expanding Verifly’s growth to more than 100 different industries, and the company changed its name to Thimble.

Thimble Commercial Insurance
Thimble is an online insurance agency that sells insurance on a monthly, daily or hourly basis to those who need fast business coverage. Its policies are underwritten by other insurance companies, not by Thimble itself.
Thimbles are a handy option for businesses that need quick or temporary coverage. This is also useful for business owners who hire contractors; you can use Thimble to illustrate insurance requirements for people you hire, which they can purchase through Thimble.
That is, since Thimble does not cover its policy, you must file a claim with another insurance company. Additionally, Thimble customer support is only available online. If you’d like to be able to ask questions over the phone, either while shopping or after you’ve purchased your policy, consider alternatives.

In-depth review of thimbles
Thimble was founded in New York City in 2016 as Verifly Insurance. Verifly focuses on the drone insurance market. However, in 2019, the company began offering general business liability insurance, expanding Verifly’s growth to more than 100 different industries, and the company changed its name to Thimble.

Thimble is best for
Flexible Insurance: Only work for a few months, no problem. Thimbles will cover individual jobs with specific schedules, or even hourly jobs. This is especially beneficial for contractors. Providing insurance by the hour can be a game changer and is uncommon in the insurance market.
Insurance by job or event: Commercial insurance is available for event planners, contractors, and freelancers.
Instant Coverage: Thimbles focus on providing coverage quickly. Insurance can be purchased through the app or online, and application approval takes only a few minutes.
The benefits of thimble
Online Solutions: Professional Liability, General Liability, Commercial Equipment Protection, and Business Owner Policies allow users to get instant coverage with just a few clicks online.
Business Processes: Thimble recognizes the ebbs and flows of small businesses and asks no questions when it comes to canceling or restricting policies in off-season.
Affordable Insurance: Prices vary by industry, but you can expect affordability based on your business income.
Drone Insurance: Liability coverage up to $10 million, underwritten by Global Aerospace, Inc.

Detailed rating content
Policy Application
With just a few clicks and some quick info, you can receive a quote from Thimble fairly quickly. Applications can be done online, through an application or by phone. If purchased in real time, Thimble recommends using the iOS or Android app to purchase drone insurance.
Quotes will be sent as soon as all required information is received. Business owners can choose to continue the process and pay the quote directly online and get coverage instantly.

Fees and Coverage Options
These are the main override options:
Professional Liability (Errors and Omissions): From $36 per month, suspend or cancel at any time.
General Liability: From $17 per month, suspend or cancel at any time.
Commercial Equipment Insurance: This can be added to a monthly general liability policy to cover equipment worth $2,500 to $25,000, depending on your 

occupation.
Business Owners Policy: Starting at $42 per month, this policy combines general liability and commercial property coverage. Covers small business owners and everyday needs.
Drone Insurance: Insurance starts at $10 and is limited to 1.4 or 8 hours of flight time. All insurance is done in real time using the app and GPS within a 2 mile radius. Advance purchases are available for the next 60 days.
Industries covered
Thimble offers insurance by industry and business type. The departments supported are:
Construction and Contractors
Landscaping
Cleaning Services

Crafts and Makers
work out
event professionals
Photo and Video Professionals
Hair & Beauty
pet service
professional service

Claim Process
With Thimble’s simple three-step process, submitting a claim is as easy as generating a policy quote. General liability insurance policies arranged through Thimble are underwritten by Markel Insurance Company, a Fortune 500 company with an A Financial Strength Rating from AM Best.
Customers can file a claim 24/7 via email or phone. Here are the specific steps:
Report all claims to Markel Claims. You must also report all claims involving theft or other crime to the police and obtain a police report. You should provide all information in your new notice of claim.
Print the Markel Incident Report Form from the online claims page and write down the relevant information related to the loss.
Send all incident-related correspondence to [email protected] and new claims information to [email protected] Legal documents should be faxed to 855-662-7535.

customer service
Out of 640 reviews from Trust Pilot, Thimble customer service received a 4.7 out of 5 stars. The service is online only and there is no direct customer service phone number. The main complaint is the limited medium of communication such as email and online chat. 24/7 support via online submission or live chat with a representative.

Final:Fast approval and flexible pricing

Although Thimble has only been around for a few years, it has high customer satisfaction ratings and high ratings for its app (the primary way customers access their policies). The company has also mastered fast-track approvals and short-term policy models with its extremely easy-to-use website and app.