(Image source: Thimble website.)
Thimble, a New York-based startup insurance distributor providing hourly policies for smaller SMBs and gig workers, has released a new API for partners who serve the small business and professional services communities.
With the Thimble API, partners can offer flexible insurance policies, available monthly or on-demand, to businesses within their own user experience, according to a company statement. The API can be integrated at no cost in just a few lines of code, granting immediate access to business insurance quotes for hundreds of professionals, from contractors and electricians to photographers and musicians, according to Thimble. The API is also intended to generate new revenue streams for partners, either through commission on policies sold and on referral traffic, where allowed.
Jay Bregman, Co-founder and CEO, Thimble.
“For Thimble partners, offering liability insurance is a core way to help professionals earn the trust of their customers, who are simultaneously interested in home services, yet cautious about letting pros into their homes,” the Thimble statement says. “The API removes the friction that is traditionally associated with binding an insurance policy, issuing a bindable quote based on zip code and job type, via an application process that takes less than 30 seconds.”
Thimble characterizes the API as enabling seamless access to a suite of requisite insurance policy offerings, as businesses enter a critical phase of economic recovery in the wake of the COVID-19 pandemic.
COVID-19 Resets the Barometer of Risk
“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,” comments Jay Bregman, founder and CEO, Thimble. “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 reports that it has already secured over 80 existing partnerships, including Homeadvisor, Peerspace, and Stride. Angie’s List became the first of these to integrate Thimble’s API in June of 2020, making coverage accessible with just a few taps to professionals directly via its platform.
Thimble Introduces Monthly Insurance Plans for Small Businesses