Proof of Usefulness Report

Thimble

Analysis completed on 2/18/2026

+575
Proof of Usefulness Score
Industry Mainstay

Thimble is a highly successful insurtech company acquired by Arch Capital Group in 2023, offering on-demand insurance for small businesses. While the project itself demonstrates exceptional real-world utility and verified traction (over 170,000 policies sold), the submission quality was extremely poor, containing lazy and inaccurate claims (e.g., 'most people have used my product'). The score reflects the high value of the business entity, heavily penalized by the low quality of the provided input.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+237.5
Audience Reach Impact+102.0
Technical Innovation+72.0
Evidence Of Traction+118.75
Market Timing Relevance+90.0
Functional Completeness+5.0
Subtotal+625.25
Usefulness Multiplierx0.92
Final Score+575

Project Details

Project URL
Description
Thimble is quick-thinking insurance for fast-moving businesses. We work hard to make it easy for 140+ professions like handymen, landscapers, DJs, artisans, and mall Santas (yes really) to get the insurance they need to take on every opportunity. We re-imagined the small business insurance policy from the ground up. Here’s how: Thimble is simple. Buy a policy online, in the app, or over the phone in minutes. Get to work before the other guys even call you back. No hold music, no endlessly confusing questions, no dead trees. Just get insured and get going. Thimble is scalable. Small businesses come in all stages and sizes. Get coverage by the job, month, or year. Choose how you pay, then upgrade when business really takes off. Thimble is flexible. Modify, pause, or cancel instantly whether hiring picks up or work slows down. When the punches roll (and they will), roll with ‘em. Green means GO. Get insured in minutes at thimble.com. The Legal Stuff: Policy details and terms and conditions are available within the app. Eligibility, pricing, and coverage may vary by state, activity or class, and other factors. Thimble Insurance Services is a licensed insurance broker in all 50 states and the District of Columbia.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline