“Easy as pie” Pie Insurance expands coverage

Pie Insurance, an InsurTech specialising in workers’ compensation insurance for small businesses, has expanded its footprint to Alabama and Oregon in the US.

The move increases the company’s coverage to 38 states and Washington DC, representing 89% of small businesses in the US.

Pie’s worker compensation is tailored to the needs of small businesses, with coverage available directly on Pie’s website, through an independent insurance agent or a payroll provider. Companies can get a quote in three minutes and achieve savings up to 30%, Pie said.

By leveraging technology, Pie’s mission is to transform how small businesses buy and experience commercial insurance, and make it “as easy as Pie.”

Earlier this year, the InsurTech raised $118m in a Series C funding round led by Allianz X and Acrew Capital. The round saw the total amount the company has raised reach $300m since its founding in 2017.

Pie said this expansion into Alabama and Oregon further supports its growth and momentum.

Dax Craig, co-founder and president of Pie, said, “Small business owners in Alabama and Oregon make up 99% percent of total businesses in their state, so it’s critical they keep their businesses and employees safe and healthy.

“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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