thimble insurance agent
As an independent insurance Broker with Blake Insurance Group, I understand the unique challenges that small business owners face when finding the right insurance coverage. That’s why I’m excited to introduce you to Thimble, a modern insurance solution designed specifically for small businesses. Whether you’re in Arizona, Alabama, Florida, Georgia, New Mexico, New York, North Carolina, Oklahoma, Ohio, Texas, or Virginia, Thimble offers flexible and affordable insurance options that can be tailored to your specific needs.
This article explores the benefits of using Thimble, from obtaining small business insurance quotes online to securing event insurance for your next big project. We’ll also delve into state-specific considerations to ensure you’re well-informed and adequately protected. Let’s dive into how Thimble can help safeguard your business quickly and efficiently.
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Understanding Thimble: A Modern Insurance Solution
What is Thimble Insurance?
Thimble is an innovative online insurance platform that has revolutionized how small businesses obtain insurance coverage. Thimble is Designed specifically for small businesses and independent contractors’ unique needs. It offers a seamless and user-friendly experience, allowing customers to purchase insurance policies tailored to their specific requirements.
At its core, Thimble is a digital-first insurance provider that leverages technology to streamline the insurance process. By eliminating the traditional complexities and hassles associated with obtaining insurance, Thimble has made it possible for small businesses to secure comprehensive coverage with just a few clicks.
Thimble’s offerings include a range of insurance products, such as general liability insurance, professional liability insurance (also known as errors and omissions insurance), and business equipment protection. These policies protect small businesses from various risks, including third-party claims of bodily injury, property damage, and professional negligence.
One of Thimble’s key advantages is its flexibility. Depending on their specific needs, small businesses can purchase insurance coverage by the job, month, or year. This approach allows companies to avoid paying for unnecessary coverage and ensures they are adequately protected during operational periods.
The Thimble Advantage
Thimble offers several key benefits that set it apart from traditional insurance providers, making it an attractive choice for small businesses seeking affordable and flexible coverage options:
**Online Convenience**: With Thimble, small businesses can purchase insurance policies online, eliminating the need for lengthy paperwork or in-person meetings. The platform’s user-friendly interface and streamlined process make obtaining quotes, comparing coverage options, and purchasing policies easy in just a few minutes.
**Instant Quotes and Coverage**: Thimble’s advanced technology allows instant quotes and immediate coverage. Small businesses can quickly obtain accurate quotes based on their specific needs and purchase policies on the spot, ensuring they are protected from the moment they need coverage.
**Customizable Coverage**: Thimble recognizes that every small business is unique, and their insurance needs may vary. As a result, the platform offers customizable coverage options, allowing companies to tailor their policies to their specific requirements. This level of personalization ensures that businesses only pay for the coverage they need, avoiding unnecessary expenses.
**Affordable Pricing**: Thimble can offer affordable pricing for small businesses by leveraging technology and streamlining the insurance process. This accessibility to cost-effective insurance solutions empowers entrepreneurs and independent contractors to protect their businesses without breaking the bank.
**On-Demand Coverage**: Thimble’s innovative approach to insurance includes the option for on-demand coverage. Small businesses can purchase coverage for specific projects or events, allowing them to scale their insurance needs as their business evolves.
**Exceptional Customer Service**: Despite its digital-first approach, Thimble prioritizes exceptional customer service. Small businesses can access support through various channels, including phone, email, and online chat, ensuring that their questions and concerns are addressed promptly and efficiently.
Thimble's Unique Offerings
On-Demand Coverage
Thimble stands out in the insurance market with its innovative on-demand coverage, designed to cater to the dynamic needs of small businesses and independent contractors. Unlike traditional insurance policies that lock businesses into annual commitments, Thimble offers flexible coverage options that can be purchased by the hour, day, or month. This flexibility is particularly beneficial for companies with fluctuating or short-term insurance needs.
Key Features of Thimble’s On-Demand Coverage:
– **Hourly Coverage**: This is ideal for businesses that need insurance for specific short-term projects or events. For example, a freelance photographer can purchase coverage just for the duration of a photo shoot, ensuring they are protected without paying for unnecessary coverage.
– **Daily Coverage**: This option is suitable for businesses that require insurance for a single day or a few days. It is perfect for event planners, contractors, or vendors who need coverage for specific jobs or events.
– **Monthly Coverage**: Thimble Monthly allows businesses to purchase insurance monthly, providing the flexibility to scale coverage up or down as needed. This is particularly useful for businesses that experience seasonal fluctuations or are in the early stages of growth.
Thimble’s on-demand coverage can be purchased quickly and easily through their user-friendly app or website. Policies can be obtained in 60 seconds, with no upfront fees or deposits required. This rapid and hassle-free process ensures that businesses can get the coverage they need exactly when needed, without any long-term commitments.
Thimble Event Insurance
Thimble’s event insurance is another standout offering, providing comprehensive liability coverage for various events. Whether you’re hosting a wedding, corporate gathering, musical performance, or any other special event, Thimble’s event insurance protects you against the financial risks associated with organizing or participating in such events.
Key Features of Thimble’s Event Insurance:
Event Liability Coverage protects against third-party claims of bodily injury and property damage that may occur during the event. This includes coverage for legal fees and damage payments, ensuring unexpected incidents do not financially burden event organizers.
Liquor Liability Coverage**: This coverage provides protection for events where alcohol is served. It includes legal expenses and damage payouts if alcohol consumption leads to bodily injury or property damage. It is included in the policy for BYOB or open bar events, and additional retail liquor liability coverage can be added if alcohol is sold at the event.
– **Flexible Policy Terms**: Thimble’s event insurance policies can be tailored to the specific needs of the event, with coverage available by the hour, day, or up to five days. This flexibility ensures that event organizers only pay for the necessary coverage, making it a cost-effective solution.
Thimble’s event insurance is designed to be accessible and easy to purchase. Quotes can be obtained in minutes through Thimble’s app or website, and policies can be bought instantly. This quick and efficient process allows event organizers to secure the necessary coverage without any delays, ensuring their events are protected from potential risks.
Thimble Insurance Costs and Premiums
Thimble offers a variety of insurance products tailored to small businesses’ needs. Below is a detailed breakdown of the average premiums for each type of coverage Thimble offers.
Thimble General Liability Insurance
General liability insurance protects businesses against third-party claims of bodily injury, property damage, and advertising injury. Thimble’s general liability insurance is known for its flexibility and affordability.
– **Hourly Coverage**: Starts at $5 per hour.
– **Daily Coverage**: Starts at $15 per day.
– **Weekly Coverage**: Starts at $32 per week.
– **Monthly Coverage**: Starts at $49 per month, with the average business owner paying around $42 monthly.
– **Annual Coverage**: Approximately $504 per year.
Professional Liability Insurance
Professional liability insurance, or errors and omissions (E&O) insurance, protects businesses from claims of professional negligence or mistakes.
– **Hourly Coverage**: Starts at $1.26 per hour.
– **Daily Coverage**: Starts at $30.30 per day.
– **Weekly Coverage**: Starts at $212.10 per week.
– **Monthly Coverage**: Starts at $36 per month, with the average business owner paying around $45 per month.
– **Annual Coverage**: Approximately $724 per year.
Thimble Business Owner’s Policy (BOP)
A Business Owner’s Policy (BOP) combines general liability and commercial property coverage into a comprehensive package for small businesses.
– **Monthly Coverage**: The median monthly cost for a BOP varies by industry:
– **Janitors**: $129 per month
– **Carpenters**: $120.50 per month
– **Landscapers**: $119.50 per month
– **Handypersons**: $111.58 per month
– **Dogwalkers**: $88.50 per month
– **DJs and Wedding Planners**: $87.17 per month.
Thimble Event Insurance
Thimble’s event insurance provides liability coverage for various events, including weddings, corporate gatherings, and other special occasions.
– **One-Day Event Coverage**: Costs range from $115 to $340, depending on the number of attendees and whether alcohol will be served.
– **Hourly Coverage**: Starts at $9 per hour.
– **Daily Coverage**: Approximately $20 for a two-hour event with $2 million in coverage.
Thimble Business Equipment Insurance
Business equipment insurance, also known as inland marine insurance, protects business equipment that is both owned and rented.
– **Monthly Coverage**: It starts at $6 per month as standalone coverage or $23 per month when bundled with general liability coverage.
– **Coverage Limits**: Available with three coverage limits: $1,000, $2,500, and $5,000, with a deductible of $500 for each level.
Thimble Workers’ Compensation Insurance
Workers’ compensation insurance covers medical expenses and lost wages for employees who suffer job-related injuries or illnesses.
– **Monthly Coverage**: Costs vary significantly based on state class codes, risk levels, employee pay rates, and claims history. Thimble advises obtaining a quote for a more accurate estimate.
Thimble Drone Insurance
Thimble started as a drone insurance provider and continues offering drone operator coverage.
– **Hourly Coverage**: Available for one, four, or eight hours, with prices varying based on the specifics of the flight.
Comparison Table of Business Insurance Companies
| Company | Coverage Options | Customer Service | Estimated Pricing |
|---|---|---|---|
| Thimble | General Liability, Professional Liability, Business Owner's Policy (BOP), Event Insurance, Business Equipment Protection, Workers' Compensation, Drone Insurance | Online platform, mobile app, instant certificates of insurance, limited phone support | General Liability: $42/month, Professional Liability: $45/month, Event Insurance: $115-$340/day |
| Chubb | General Liability, Professional Liability, Commercial Property, Cyber Insurance, Workers' Compensation, Marine Insurance, Reinsurance, Life Insurance | Strong customer service, global presence, extensive product offerings, risk engineering services | General Liability: $50-$100/month, Professional Liability: $1,000-$3,000/year |
| State Farm | General Liability, Professional Liability, Commercial Auto, Property, Workers' Compensation, Life Insurance, Health Insurance, Banking Products | Extensive network of agents, strong customer service, mobile app, financial services | General Liability: $50-$100/month, Workers' Comp: $0.75-$2.74 per $100 of payroll |
| Travelers | General Liability, Professional Liability, Commercial Auto, Property, Cyber Insurance, Workers' Compensation, Marine Insurance, Surety Bonds | Strong customer service, extensive product offerings, risk management services | General Liability: $50-$100/month, Professional Liability: $1,000-$3,000/year |
| Nationwide | General Liability, Professional Liability, Commercial Auto, Property, Workers' Compensation, Life Insurance, Health Insurance | National call center, local agents, mobile app, On Your Side® Review | General Liability: $50-$100/month, Workers' Comp: $0.75-$2.74 per $100 of payroll |
| Progressive | General Liability, Professional Liability, Commercial Auto, Property, Workers' Compensation, Health Insurance | Online platform, mobile app, extensive product offerings, strong customer service | General Liability: $50-$100/month, Professional Liability: $1,000-$3,000/year |
| CyberPolicy | General Liability, Professional Liability, Cyber Insurance, Commercial Auto, Property, Workers' Compensation | Online platform, comparison tool, strong customer service | General Liability: $50-$100/month, Professional Liability: $1,000-$3,000/year |
| Liberty Mutual | General Liability, Professional Liability, Commercial Auto, Property, Workers' Compensation, Life Insurance, Health Insurance | Extensive network of agents, strong customer service, mobile app | General Liability: $50-$100/month, Workers' Comp: $0.75-$2.74 per $100 of payroll |
| The Hartford | General Liability, Professional Liability, Commercial Auto, Property, Workers' Compensation, Marine Insurance, Surety Bonds | Online customer service center, premium audit support, mobile app | General Liability: $67/month, Workers' Comp: $86/month, BOP: $85/month |
| Next Insurance | General Liability, Professional Liability, Commercial Auto, Property, Workers' Compensation, Health Insurance | Online platform, mobile app, instant certificates of insurance, strong customer service | General Liability: $19-$45/month, Workers' Comp: $14-$75/month, Professional Liability: $19-$45/month |
| Simply Business | General Liability, Professional Liability, Commercial Auto, Property, Workers' Compensation, Health Insurance | Online platform, comparison tool, strong customer service | General Liability: $50-$100/month, Professional Liability: $1,000-$3,000/year |
Notes:
– **Coverage Options**: Includes the primary types of insurance offered by each company.
– **Customer Service**: Highlights the customer service features and support options available.
– **Estimated Pricing**: Provides a general range of monthly premiums for common types of contractor insurance. Actual costs may vary based on specific business needs and risk factors.
Thimble Insurance Reviews
Thimble has garnered positive and negative customer reviews, reflecting its strengths and areas for improvement. Here’s a detailed overview based on various sources:
Positive Aspects
**Convenience and Flexibility**:
– Thimble is praised for its ease of use and the ability to obtain coverage quickly. Customers appreciate getting a policy in as little as 60 seconds through the app or website.
– The flexibility to purchase insurance by the hour, day, or month is a significant advantage for businesses with fluctuating needs, such as event planners and contractors.
**Customer Satisfaction**:
– Thimble has high ratings on various platforms: 4.6 out of 5 stars on Trustpilot from over 1,200 reviews, 4.52 out of 5 stars on BBB, 4.4 out of 5 stars on Google Play, and 4.8 out of 5 stars on the App Store.
– Customers frequently mention the simplicity of the process and the ability to get instant certificates of insurance, which is crucial for meeting client requirements quickly.
**Affordable Pricing**:
– Thimble offers competitive pricing, with general liability policies starting at $9 per hour and annual premiums around $650. Professional liability policies are approximately $724 per year.
– Many users find the rates to be reasonable and appreciate the cost-effectiveness of Thimble’s on-demand insurance options.
Areas for Improvement
**Customer Service**:
– Some customers have reported difficulties in reaching customer service representatives, with complaints about automated responses and delays in getting issues resolved.
– There are mixed reviews about the customer service experience, with some praising specific agents while others express frustration over the lack of live support.
**Claims Handling**:
Thimble does not handle claims directly; insurance providers, such as Markel, manage them. Some negative reviews focus on the claims process, including difficulties in getting reimbursements and resolving claims.
– The complaint index for Markel, which underwrites Thimble’s policies, indicates more complaints than expected, particularly in commercial liability and property categories.
**Policy Limitations**:
– Some users have noted limitations in the coverage options and the scope of policies Thimble offers. For instance, Thimble currently offers only general liability, professional liability, and business owner’s policies, which may not cover some businesses’ needs.
There are also mentions of the need for more comprehensive coverage options to better serve a wider range of industries.
Overall Summary
Thimble is highly regarded for its innovative approach to business insurance, offering quick, flexible, and affordable coverage options that cater to the needs of small businesses and independent contractors. Purchasing insurance on-demand and managing policies through a user-friendly app or website is a significant advantage. However, there are areas for improvement, particularly in customer service and claims handling. Despite these challenges, Thimble remains a strong contender in the business insurance market, especially for those seeking short-term or project-based coverage.
Thimble Insurance FAQs
Blake Insurance Group
Phone: (888) 387-3687
Email: [email protected]
Hours: Mon-Fri 9:00 am to 5:00 pm
Sat-Sun: Closed
Blake Nwosu
Owner & Principal Agent