Hiscox to offer short-term, flexible business insurance in US
Global specialist insurer Hiscox has partnered with insurtech Thimble, an on-demand insurance platform for small businesses, to offer short-term liability insurance in the US.
The partnership will allow Hiscox to offer small businesses a flexible solution that can adapt to the changing needs of their business as they navigate the reopening economy following the COVID-19 lockdown. The insurance will be available by the hour, day or month.
"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."
Kevin Kerridge, executive vice president of small business insurance for Hiscox in the US, 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."
