Pie Insurance Launches Workers’ Comp Coverage for Small Businesses in Seven States
Company Offers Ease, Savings, And Convenience for Small Businesses Shopping Online for Workers’ Comp
“Small business owners shoulder an unfair burden, with our proprietary data suggesting that 80% overpay for workers’ compensation insurance by up to 30% as a result of most insurance companies’ antiquated business models,” said
Workers’ compensation insurance is required by any company with full-time W-2 employees in every state other than
Easy as Pie
Pie addresses a significant pain point for small business owners who have often faced what can be a time-consuming and opaque process to purchase workers’ comp insurance. Traditionally, insurance agents work through a variety of carriers to receive quotes and provide them to small business owners for consideration. This experience can be jarring for small business owners who have grown accustomed to transacting online, especially Gen Xers and Millennials who will comprise 60% of SMB ownership by 2020.
"We’re building a company that allows small business owners to purchase workers’ comp insurance easily through Pie’s straightforward online process so they can quickly move on with their day," said Swigart.
Not a Traditional Insurance Start-up
As a technology-enabled insurance company, Pie leverages extensive, high-quality datasets to algorithmically segment and price small business policies, accurately assessing risks and passing along savings to small business owners. Already, thousands of small businesses have used Pie's online quoting engine, with users often seeing savings of over
Pie’s leadership team is led by Co-founder and CEO
“We had a clear but aggressive goal for Pie: stand up a complete insurance operation in under 12 months,” Swigart said. “Within 11 months, Pie’s seasoned team of insurance experts effectively navigated state regulatory environments and surpassed our goal, and we'll continue to expand rapidly.”
Insurance offered by Pie is supported by
For more information, visit www.pieinsurance.com.
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