Thimble Introducing Its Certificate Manager to Significantly Enhance Certificates of Insurance (COIs)
Thimble Certificate Manager is a free device that will allow the vendor managers to coordinate and approve the COIs related to an indefinite number of projects.
FREMONT, CA: Thimble is an insurtechstart-up that assists small organizations so that they can succeed on their terms. They are introducing its Certificate Manager to significantly enhance the collection, organization, and administration of certificates of insurance (COIs).
Thimble Certificate Manager is a free device that will allow the vendor managers to coordinate and approve the COIs related to an indefinite number of projects. Insurance obligations, which consist of policy type or coverage limit, can also be customized by the project and sent directly to the contractors with the help of a single click.
Contracted organizations can then purchase insurance through Thimble that will get verified immediately or upload a present COI from an alternative insurance provider for approval. Thimble also provides coverage by-the-month or for as little as one hour, either of which can be achieved in less than 30 seconds with just a few clicks. Moreover, they can also increase the coverage, pause, or cancel it immediately and with no penalty from the Thimble app.
Certificate Manager can even automate the reminders and alerts related to the contracted businesses to renew expiring policies so that they can make sure that nothing escapes from the radar, restructuring most of the problematic supervision required by the hiring company.
"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."