Thimble, the insurtech startup that helps small businesses succeed on their own terms, is launching its Certificate Manager to dramatically improve the collection, organization, and administration of certificates of insurance (COIs).
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Thimble Certificate Manager is a free tool that helps vendor managers organize and approve COIs associated with an unlimited number of projects. Insurance requirements, including policy type or coverage limit, can be customized by project, and can be sent instantly to contractors with a single click.
Contracted businesses can then purchase insurance via Thimble to be verified instantly, or upload an existing COI from another insurance provider for approval. Thimble offers coverage by-the-month or for as little as one hour, either of which can be obtained in less than 30 seconds with just a few clicks. Coverage can be increased, paused or canceled instantly and without penalty from the Thimble app.
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Certificate Manager also automates reminders and alerts contracted businesses to renew expiring policies– ensuring that nothing slips off the radar, streamlining much of the arduous oversight needed by the hiring organization.
“Thimble is known for taking the pain out of obtaining insurance for small businesses. But we also know that our friends on the procurement side have headaches of their own, particularly in terms of managing dozens, maybe hundreds of COIs at a time,” said Jay Bregman, CEO and Founder of Thimble. “Certificate Manager is part of our 360-degree approach to fixing the broken, archaic, old-school insurance industry and putting control back into the hands of people. It’s not just about empowering the small businesses, but also the folks who hire them to work smarter through our tech.”
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