Thimble makes insurance more flexible than ever with two ways to buy.
1. Thimble Monthly is ongoing coverage on a monthly payment plan. The first month’s premium is the most expensive, but then your price goes down over time. This is due to factors like differences in risk exposure, the way that our program is filed with each state’s department of insurance, and the different number of days in each month. Under your monthly quote, select ‘Show’ to see a breakdown of the average premium price shown.
2. Thimble On Demand is the same access to quality business insurance, available for a short term. You choose a timeframe, from one hour up to 11 months, and pay the total premium upfront. With that one-time payment, you’re covered for the time you chose and an additional exposure period of a year after the end date of your policy period.
Both Thimble Monthly and On Demand have some great features to help small business owners succeed: $0 deductible, available coverage limits of $1M and $2M, ability to get unlimited free copies of your COI, freedom to add Additional Insureds and crew members in real time, and flexibility to cancel your policy, anytime, for free.
Why does my premium for Thimble Monthly change each month?
Due to the way that our program is filed with each state’s department of insurance, the price of your policy will vary for each month of coverage. Because of differences in risk exposure, the first month’s premium is often more expensive, with slight fluctuations in later months due to the number of days in a given month.
The average premium price reflected in your quote shows the average monthly premium you will have paid after being a Thimble monthly customer for twelve months.
Can I cancel Thimble Monthly and On Demand policies?
Yes, you can! Thimble Monthly and On demand policies can be cancelled at any time after purchase, including during the policy period, for a pro-rated refund of the remaining amount of time left in the current extension period. There is no additional cancellation fee—you only pay for for what you use.
What do I do if I need to show a client a certificate that shows coverage for more than one month?
We have made updates to our Thimble Monthly certificates that show your coverage will automatically extend each month. On your certificate, under the expiration date, there will be an asterisk that says “see note on expiration date below”. That note says, “Please note that the insured has purchased a monthly policy that will automatically extend upon expiration of the policy if the insured pays the appropriate premium. At that time you will receive a new Certificate of Liability Insurance, evidencing such extension”. Please see below for an example.
If this is still insufficient, you would need to cancel your Thimble Monthly policy, and purchase an On Demand policy. This will allow you to select a longer coverage period and pay for all of your insurance up front, instead of in monthly installments.