Bermuda-based small business insurer Hiscox has partnered with Thimble to offer short-term liability insurance to small business, available by the hour, day or month.
This partnership enables Hiscox to provide businesses flexibility in their policy requirements.
Customers will have full control of their policy through Thimble’s breakthrough insurance app. They will be also able to modify their coverage based on a project’s needs.
Moreover, the app will allow customers to add additional insureds or even pause coverage if required.
Thimble founder and CEO Jay Bregman said: “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.
“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.”
Hiscox Small Business Insurance US executive vice-president Kevin Kerridge said: “We are committed to providing innovative solutions to small businesses.
“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.”
Both the companies planning further integrations for later this year.
In January, Hiscox agreed to implement CyberCube’s cyber analytics technology to better understand systemic cyber risk.