Washington, DC -(BusinessWire)- Pie Insurance recently announced that it has begun selling workers’ compensation insurance to small businesses in New York, Michigan, Pennsylvania, Maryland, and Nebraska.
These five states join Pie’s coverage area, which also includes Arizona, California, Colorado, Georgia, Illinois, Louisiana, North Carolina, Tennessee, and Texas. Now more than 3.2 million small businesses in 14 states can get workers’ compensation insurance through Pie’s online platform.
Pie meets small business owners where they are, offering them easy-to-understand quotes 24/7 on desktop or smartphones. Pie uses predictive analytics and high-quality datasets to digitize the workers’ compensation insurance experience, which could save small business owners up to 30% in the process.
“Shopping for insurance should be simple and accessible just like other products and services we buy online,” said John Swigart, Pie’s co-founder and CEO. “America’s small businesses deserve a better workers’ comp insurance experience, as well as the ability to find savings in the process.”
In 2017, Pie attracted $4.3 million in seed funding from Sirius Group, Moxley Holdings, and Elefund. In 2018, Greycroft and Aspect Ventures joined existing investors to bolster geographic expansion and scale operations as part of Pie’s $11 million Series A Funding round.
Pie operates as a managing general agency for Sirius America Insurance Company, a subsidiary of Sirius Group, offering A.M. Best A rated workers’ compensation insurance.