American insurtech startup Thimble has launched a new API for partners who serve the small business and professional services communities.
The new API is designed to allow partners to provide flexible insurance policies to businesses within their own user experience.
Thimble API can be integrated easily and provides immediate access to business insurance quotes for hundreds of professionals, the company said.
It will also provide the partners with new revenue streams, either through commission on policies sold and on referral traffic, where applicable.
Moreover, the new API is said to expedite the application process to less than 30 seconds.
It also allows seamless access to a range of insurance policy offerings, as businesses enter a critical phase of economic recovery in the wake of the Covid-19 pandemic.
Thimble founder and CEO Jay Bregman said: “The barometer for risk has been completely reset by the pandemic, and insurance is squarely at the top of the list whether you’re hiring or selling services.
“At our core, Thimble helps businesses earn trust with their customers through coverage that suits their needs. The Thimble API helps our partners provide this benefit to their own audiences of business owners, who need it more than ever.”
Thimble is offering the API free of charge to its partners via its official website.
The company said it has already secured over 80 partnerships including Homeadvisor, Peerspace, and Angie’s List.
Last month, Thimble partnered with Bermuda-based small business insurer Hiscox to offer short-term liability insurance to small businesses.