Business categories that saw the most growth in insurance purchases in 2020 include:

Cleaners & janitors: +96.9%
Handymen & contractors: +82.3%
Consultants & freelancers: +27.6%
Landscapers: +16.9%

On the other hand, some industries hit hardest by the pandemic have opted out of policyholding in 2020. They include:

Beauty & fitness: -23.1%. While home gym purchases and online fitness classes have taken off during the pandemic, many personal trainers and beauty professionals have unfortunately experienced a decrease in work.
Events & entertainment: -25.4%. With most events going virtual in 2020, Thimble's pros in the events/entertainment field expectedly purchased less insurance coverage.
Pet services: -57.6%. Stay-at-home guidance also means less time away from Fido and Fluffy. Accordingly, pet services (like dog walkers) have declined steeply, which is reflected here in Thimble's insurance purchasing data for the category.

In the pandemic age where the only thing that is certain is uncertainty, the option to operate on a month-to-month basis could offer businesses some critical flexibility.

Special Reports /

Surge of new SMBs spike demand for insurance, month-to-month policies

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