Pie Insurance

Provides workers' compensation insurance for small businesses

Washington, District of Columbia, United States

About Pie Insurance

Pie Insurance provides workers' compensation insurance specifically designed for small businesses. This type of insurance helps cover wage replacement and medical benefits for employees who are injured while working. The company utilizes data-driven technology to offer competitive pricing and ensure that clients receive quality coverage. The process for obtaining insurance quotes is quick and user-friendly, taking only three minutes, which is particularly beneficial for small business owners who may not have the time to deal with complicated insurance procedures. Pie Insurance operates in 38 states and Washington, D.C., with plans for further expansion. The company aims to deliver trusted and efficient insurance services, promising potential savings of up to 30% on workers' compensation insurance. Its unique approach lies in leveraging technology to simplify the insurance process, making it easier and more affordable for small businesses.

Washington, District of ColumbiaHeadquarters
2017Year Founded
$603.4MTotal Funding
SERIES_DCompany Stage
Fintech, Financial ServicesIndustries
201-500Employees

Benefits

Competitive cash compensation
Equity
Comprehensive health plans
Generous PTO, including paid sick leave
Future focused 401k match
Generous parental & caregiver leave

Risks

Recent layoffs of 14% of workforce indicate potential financial instability.
Deteriorating funding environment may limit expansion and technology investments.
Increased competition from insurtech companies could pressure Pie to maintain competitive pricing.

Differentiation

Pie Insurance offers A.M. A-rated insurance with a simple online experience.
The company uses data analytics to accurately assess risks and price policies.
Pie Insurance provides quick insurance quotes, taking just three minutes for small businesses.

Upsides

Integration with Ivans Download could enhance operational efficiency and customer service.
Appointment of Audra Foglietta as CFO may drive financial performance and efficiencies.
Partnership with Endeavor Insurance Group could expand market reach and distribution channels.