Improves Transparency and Pricing Options for 3.8 Million Small
Businesses Across the State
WASHINGTON–(BUSINESS WIRE)–Pie Insurance has begun selling policies in California, offering small
business owners in the state the convenience of shopping online to meet
their worker’s compensation needs. California is the ninth state in
which Pie has launched this year.
Small businesses represent a significant portion of the California
economy. According to the U.S.
Small Business Administration, they employ nearly half the state’s
workforce, with 6.8 million employees, and create nearly 200,000 new
jobs a year. Workers’ compensation requirements in California are among
the most robust in the nation; businesses with one or more employee must
carry coverage, and penalties for business owners who fail to meet
workers’ comp obligations can include six-figure fines and even jail time1.
“Purchasing workers’ compensation insurance in California has
historically been a confusing, often expensive experience for small
business owners,” said John Swigart, Pie’s co-founder and CEO. “With our
launch in the state, we’re bringing transparency, fair pricing, and
convenience to California small business owners. We look forward to
moving at the fast pace Californians expect and giving them the level of
service they deserve.”
Pie’s research suggests that 80% of small businesses overpay for
worker’s compensation insurance, by as much as 30%. Using sophisticated
algorithms to segment and price workplace risks, Pie can accurately
price policies and offer savings to its small business customers.
Insurance offered by Pie has earned an A rating from A.M. Best. For more
information, visit www.pieinsurance.com.
About Pie Insurance
Pie Insurance provides workers’ compensation insurance directly to small
businesses at www.pieinsurance.com.
Offering A.M. Best A rated insurance, Pie leverages data analytics,
easy-to-use online features, and a seasoned team of insurance experts to
create an insurance model that’s as easy as pie. Backed by Greycroft,
Aspect Ventures, Sirius Group, Moxley Holdings, and Elefund, the company
began offering insurance policies in 2018 with a mission of helping
small businesses experience true savings and an unmatched level of
Fusion PR on behalf of Pie Insurance