Pie Insurance disclosed it has gained regulatory approval to sell workers compensation insurance in a number of new states: Delaware, Indiana, Nevada, South Carolina and Virginia.
Small business owners are the target audience, and they can get a workers compensation quote from the startup in as little as two minutes.
In late April Pie disclosed it started selling workers compensation insurance in Arkansas, Oklahama and Washington, D.C., and its coverage range at that point hit at least 20 states and the District of Columbia.
Pie Insurance began offering policies directly to small businesses in 2018. It 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.
Pie’s investors include SVB Capital, Greycroft, Aspect Ventures, Sirius Group, Moxley Holdings, and Elefund. The company raised $45 million in new financing in a round disclosed in March 2019.
Source: Pie Insurance