Where can you find the best business insurance online? Entrepreneurs have a lot of things to consider when starting a company - what kind of business they'd like to be in, where they will house their offices, how they'll advertise, whether they should incorporate, and if they will want to have employees or do things on their own. One thing is clear though: small business owners realize that typically they'll need help to protect what they've built, which is where business insurance comes in.
Best Option
Boasting "quick-thinking insurance for fast-moving businessness," Thimble says they make insurance possible for all sizes of business to get insured. For a decade, they have provided a full range of coverage options for thousands of activities.
Reinventing insurance for small businesses
By allowing all sorts of small businesses to obtain coverage as needed, Thimble claims to have reinvented and disrupted outdated industry processes, modernizing small business insurance. They've covered more than 151,000 small businesses, with three-quarters of policies to first-time business insurance buyers.
Pet sitters, boxing coaches, and public speakers welcome here
Listing over a thousand possible jobs, Thimble covers entrepreneurs in a variety of fields. Handyman and trade contractors, sports and fitness, outdoor guides, hair and beauty, event professionals, photo and video, retail and wholesale, landscaping, professional services, cleaning services, restaurants, crafters and makers, offices, and pet services are listed as categories, though they also permit you to do an online check to see if they cover your business if it's not listed among the ones shown on their website. If they don't offer coverage for your business, they may offer a referral to a company that does.
Types of coverage
Thimble offers the most popular types of insurance to choose from: general liability, professional liability, business equipment protection, business owners policy (combining general liability with commercial property insurance), commercial property insurance, workers' compensation, errors and omissions (E&O) insurance, cyber insurance, commercial auto insurance, and event insurance. Their website explains in detail about each type, so you can see exactly what the difference is between them and choose the right one for your situation. The easy application directs you through the options, beginning with the basic coverage: business insurance or special event insurance for the host of a large event such as a wedding or a concert. For example, if you don't own property, you won't need commercial property insurance and the application will automatically exclude that as you answer prompts, providing a smooth experience where you're not sold offered coverages you don't need. We like that they make it easy to just get the ones that apply to your business.
Speedy coverage in custom policy lengths
With their newer way of providing insurance on demand, Thimble offers custom quotes and proof of coverage within minutes. Their method is to ask fewer questions and offer more options for companies in need of a policy. Insurance can be obtained online, in the app, or over the phone quickly and for any need. Instead of just requiring entrepreneurs to commit to a year's policy, Thimble gives a choice of coverage by the month or even per job. (What a unique way of offering coverage to meet the needs of specialty entrepreneurs. We wish more insurance companies would recognize the need for this.) They also make it easy to modify your insurance with them. Coverage may even be paused or canceled instantly as the situation demands.
App makes proof of insurance easy
Offering an app for their policyholders, Thimble's promise to put the business person in control places access to insurance at your fingertips. This gives instant access to a certificate of insurance when it's needed - as many times as needed - for no extra cost. Available for both Android and iOS, users are overwhelmingly pleased with the app's performance, giving it 4.8 out of 5 stars on both platforms. We love how easy they make this for their insureds.
Claims handled speedily
Should you need to file a claim, Thimble says it's pretty simple to start the process. The online form will lead you through, asking for a policy number, providing your information, and sharing a quick summary of the incident. They will take it from there.
Website bonus education
The helpful glossary of insurance terms on the Thimble website makes it easier to understand your policy or insurance in general. A blog of informative small-business focused articles is also offered on the Thimble website, including such useful ones as "What to consider when comparing business insurance quotes" and "Cybersecurity: A must-have for small business survival."
Reputation is solid
Thimble was named the best insurance for small businesses by Money and is the official insurance of Angi, an online contractor matching service. An accredited business by the BBB, Thimble Insurance has been rated "A+" with just one complaint in the past year. Across online review platforms, most people consider their experience at Thimble to be great, giving them 4.2 out of 5 stars on average. Positive reviewers rave about how easy it is to get covered, one even calling the application better than competition with pricing being "a major bonus." But, some recent complaints about hidden fees bring up a reason for concern: no fees are listed on the website before you apply, so you'll have to check your policy before accepting it to make sure you're comfortable with them. Other reviewers say the customer service was unhelpful for them, despite 1,900 5-star reviewers feeling differently.
Our recommended insurer for small businesses
Small business insurance offered by Thimble is designed to meet the unique needs of entrepreneurs of all sorts. With customizable policy lengths, a variety of the most popular coverages, and a great reputation, Thimble is once again our top choice for online business insurance providers.
Continued from above...
Entrepreneurs have a lot of things to consider when starting a company - what kind of business they'd like to be in, where they will house their offices, how they'll advertise, whether they should incorporate, and if they will want to have employees or do things on their own. One thing is clear though: small business owners realize that typically they'll need help to protect what they've built, which is where business insurance comes in.
In today's litigious society, it's essential for companies to protect themselves from accidents, property damage, injuries, and cyber attacks. Not only is it a good idea to have insurance for your business, but in some states and industries, the law requires it.
Despite the regulations involved, business insurance is a good idea in general. Risks such as natural disasters or accidents could easily place a substantial financial burden on a small business. Without coverage, such expenses might cripple a business or even lead to a bankruptcy. If you're not covered and someone sues your company, it could spell the end of your business.
With a myriad of options to offer a shield against the risks involved in doing business, some people find themselves wondering what they actually need. Recommendations for coverage vary depending on the size of the business, the type of work done, the property owned, the technology involved, and other considerations. This can be confusing, but some insurance companies make it easier with questionnaires, checklists, and even phone consultations.
Small businesses and sole proprietors can especially be at risk since they lack the resources for a legal team and accounting division. And let's face it - insurance isn't an "exciting" expense. It's something your customers won't usually see and you will probably forget about -until you need to use it.
With specialty small business insurers and large companies competing to provide you with insurance policies, you should be able to compare quotes online to find the best price for the right protection. Use the online resources to help you understand terms and select what you need to be covered.
There are many factors to consider when determining the proper coverage. Here are some things to keep in mind as you compare your options for business insurance:
With such an important decision on the line for your business, we at Top Consumer Reviews have ranked some of the top business insurance providers online to assist you in narrowing down the options. Use our research to make it even easier to get the proper coverage you need, in order to protect your company from unexpected problems, expensive lawsuits, and liability issues.
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