NEW YORK, June 16, 2020 /PRNewswire/ -- Hiscox, a
leading small business insurer, has partnered with Thimble,
the insurance partner that makes insurance simple to help small
businesses succeed on their own terms by offering short-term
liability insurance, available by the hour, day or month.
Today, more than ever, small businesses need to know they have
an alternative to annual insurance commitments. This partnership
will allow Hiscox to give businesses true flexibility with a policy
that grows and adapts as they do. Customers will have full control
of their policy via Thimble's breakthrough insurance app, with the
ability to modify their coverage based on a project's needs, add
additional insureds or even pause coverage as necessary.
"Hiscox was the first insurance company in the US to offer small
business insurance direct and online, and they continue to have
their finger on the pulse of what small businesses want – which now
more than ever is flexibility," said Jay
Bregman, CEO and Founder of Thimble. "It doesn't matter if
you're a freelancer working job-to-job, or an established small
business that needs a month-to-month solution – Thimble has
insurance to help you succeed at your own pace, on your own terms.
We're incredibly excited to be working with Hiscox to provide small
businesses a simple option, especially during these challenging
times."
"We are committed to providing innovative solutions to small
businesses," said Kevin Kerridge,
Executive Vice President of Small Business Insurance for Hiscox in
the US. "Through this partnership, we can now offer small
businesses a flexible solution through Thimble that can quickly
adapt to the changing needs of their business."
The two companies are planning further integrations for later
this year.
For more information, please visit Thimble.com or
Hiscox.com.
About Thimble
Thimble's mission is to make insurance
simple, to help businesses succeed on their own terms. Thimble
business insurance policies can be purchased on-demand in less than
a minute, in rolling monthly increments, by-the-day, or for as
little as one hour. Service providers can add workers, extend
coverage, pause or cancel policies directly via the Thimble mobile
app.
Founded in 2016 by Jay Bregman
and Eugene Hertz, Thimble has sold
over 100,000 policies to small businesses all across America via
its award-winning app, partner APIs, and broker tools. Thimble is
based in New York City and has
raised over $29 million in funding
from investors including IAC (NASDAQ: IAC). All Commercial General
Liability and Professional Liability policies are underwritten by
Markel Insurance Company (NYSE: MKL). For more information,
download the Thimble app or visit thimble.com.
About The Hiscox Group
Hiscox is a global specialist
insurer, headquartered in Bermuda
and listed on the London Stock Exchange (LSE:HSX). Our ambition is
to be a respected specialist insurer with a diverse portfolio by
product and geography. We believe that building balance between
catastrophe-exposed business and less volatile local specialty
business gives us opportunities for profitable growth throughout
the insurance cycle.
The Hiscox Group employs over 3,100 people in 14 countries, and
has customers worldwide. Through the retail businesses in the UK,
Europe, Asia and the USA, we offer a range of specialist insurance
for professionals and business customers as well as homeowners.
Internationally traded, bigger ticket business and reinsurance is
underwritten through Hiscox London Market and Hiscox Re &
ILS.
Our values define our business, with a focus on people, courage,
ownership and integrity. We pride ourselves on being true to our
word and our award-winning claims service is testament to that. For
more information, visit www.hiscoxgroup.com.
Media Contacts
Dave Heinzinger
Haymaker Group for Thimble
dave@haymaker.co
Lou Casale
Hiscox USA
+1 646 442 8341
Lou.Casale@hiscox.com
Lucy Baines
Hiscox USA
+1 646 560 9399
Lucy.Baines@hiscox.com
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SOURCE Thimble