Pie Insurance has started selling its online workers compensation insurance in five more states, bringing the total so far to 14.
The Washington, D.C.-based managing general agent disclosed it has begun marketing its policies to small businesses in New York, Michigan, Pennsylvania, Maryland and Nebraska. That’s on top of existing approvals in Arizona, California, Colorado, Georgia, Illinois, Louisiana, North Carolina, Tennessee and Texas.
The company claims its marketing can now reach more than 3.2 million small businesses.
Pie’s clients can get easy-to-understand quotes day or night via desktop computer or smartphone. The company’s system relies on predictive analytics and high-quality datasets to digitize the workers compensation insurance experience, which it pitches as saving small business owners up to 30 percent 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.
Source: Pie Insurance