Pie Insurance is a digital insurance company that provides workers’ compensation insurance to small businesses. Founded in 2017, the company aims to simplify the process of obtaining workers’ compensation insurance, making it easier and more affordable for small businesses to protect their employees.
Workers’ compensation insurance is a type of insurance that provides benefits to employees who are injured or become ill as a result of their job. It also provides benefits to the families of employees who die as a result of a job-related injury or illness. Workers’ compensation insurance is required by law in most states, and failing to provide it can result in significant fines and legal liability for small businesses.
Pie Insurance offers an online platform that allows small businesses to obtain a workers’ compensation insurance policy in minutes. The process involves answering a few simple questions about the business and its employees, and receiving an instant quote. The company’s technology-driven approach streamlines the underwriting process and allows it to offer policies at a lower cost than traditional insurance companies.
Pie Insurance’s policies are underwritten by Sirius America Insurance Company, a subsidiary of Sirius Group, which is rated A- (Excellent) by A.M. Best, a leading rating agency for the insurance industry. This rating reflects the financial strength and stability of Sirius America Insurance Company and gives small business owners confidence that their claims will be paid in the event of an accident.
In addition to its online platform, Pie Insurance offers excellent customer support to small business owners. The company has a team of licensed insurance agents who are available to answer questions and help business owners understand their coverage options. The agents can be reached by phone, email, or chat, making it easy for small business owners to get the support they need when they need it.
Pie Insurance is also committed to providing a positive experience for injured employees. The company partners with medical providers to ensure that injured employees receive timely and appropriate care. It also offers a user-friendly claims process that makes it easy for employees to report injuries and for employers to manage their claims.
One of the key benefits of Pie Insurance is its affordability. The company’s policies are priced based on the risk associated with each business, meaning that small businesses with a good safety record can often obtain coverage at a lower cost than they would with traditional insurance companies. Additionally, Pie Insurance offers a pay-as-you-go payment option, which allows small business owners to pay their premiums in installments based on their payroll.
Pie Insurance has been recognized for its innovative approach to workers’ compensation insurance. In 2020, the company was named to the Forbes Fintech 50 list, which recognizes the top fintech companies in the world. Pie Insurance was also named a finalist for the Insurtech of the Year award at the 2020 Business Insurance Awards.
Overall, Pie Insurance is an innovative and customer-focused insurance company that offers small businesses a streamlined and affordable way to obtain workers’ compensation insurance. Its digital platform, excellent customer support, and commitment to providing a positive experience for injured employees make it a great choice for small businesses that want to protect their employees and comply with state laws.
