Pie Insurance, an insurtech that specializes in workers’ compensation insurance for small businesses, has announced that it has expanded into Alabama and Oregon. The expansion increases the company’s coverage footprint to include 38 states and Washington, DC, representing 89% of small businesses in the US.
Pie’s workers’ compensation insurance is designed specifically for the needs of small businesses, with coverage available directly through the company’s website, through independent insurance agents, or through payroll providers. Small businesses can get a quote in three minutes and see savings of up to 30%, the company said. Insurance agents can get instant decisions on 73% of class codes through the company’s partner portal.
“Small business owners in Alabama and Oregon make up 99% of total business in their state, so it’s critical they keep their businesses and employees safe and healthy,” said Dax Craig, co-founder and president of Pie. “Our mission is to enable small businesses to thrive with simple and affordable workers’ comp insurance. Small business owners in Alabama and Oregon can now spend less time and money on their insurance, and instead focus on growing their businesses. ”
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The expansion continues Pie’s growth momentum. The company recently announced that it had more than doubled its gross written premium, increased its annualized run-rate premium to nearly $ 300 million, and more than doubled its number of policyholders and insurance agency partners.