Hiscox partners with Thimble, offers flexible cover for small business

Hiscox has partnered with Thimble, which provides short-term liability insurance products that are available by the hour, day or month, to small businesses.

The partnership sees Hiscox offer businesses policies with greater flexibility, with customers able to manage their coverage via Thimble's app. This will allow insureds to modify their coverage based on a project's needs, add additional insureds or pause coverage as necessary.

Jay Bregman, chief executive and founder of Thimble, noted that Hiscox was the first insurance company in the US to offer small business insurance direct and online, demonstrating its responsiveness to the needs of that sector.

Kevin Kerridge, executive vice president of small business insurance at Hiscox in the US, said: "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."

The two companies are planning further integrations for later this year, they said.