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Pie Insurance Review 2022: Pros, Cons, Alternatives

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Pie Insurance coverage is a enterprise insurance coverage startup targeted on staff’ compensation protection. Based in 2017, the corporate now sells staff’ comp in 36 states plus Washington, D.C. Its insurance policies are underwritten by Sirius America, a worldwide insurer.

Should you’re purchasing for staff’ compensation insurance coverage, think about getting a quote from Pie. Pie affords a wide range of fee plans and works with CorVel, an skilled insurance coverage administration firm, to deal with claims. You possibly can reply a number of questions on-line to see an estimated premium quantity, however you’ll must name Pie to finalize your quote.

Nevertheless, if different forms of enterprise insurance coverage are larger in your precedence record, think about completely different insurance coverage firms. Pie refers customers to 3rd events for enterprise proprietor’s insurance policies, business auto insurance coverage and extra.

Pie Insurance coverage: Execs and cons

Choice to pay as you go to your staff’ comp premium by way of your payroll supplier, in addition to month-to-month, quarterly, semiannually or yearly.

Getting a certificates of insurance coverage can take as much as two days.

Staff’ comp claims are managed by way of CorVel, a longtime firm that has a nationwide community of medical suppliers.

Pie refers customers to 3rd events for different forms of enterprise insurance coverage.

Can get a worth estimate on-line in minutes.

No weekend buyer assist.

What’s the perfect match for what you are promoting?

Reply a number of questions and we’ll match you with an insurance coverage accomplice who might help you safe quotes.

Pie staff’ compensation insurance coverage

Staff’ compensation insurance coverage is Pie’s flagship product. Enterprise house owners can get quotes by coming into some primary info on-line after which calling Pie for extra info.

Staff’ comp is strictly regulated on the state degree, so there may be little variation in insurance policies from one supplier to a different. The distinction is in how a lot protection prices and the way claims are dealt with.

Pie policyholders pays for staff’ comp in a wide range of methods:

  • Yearly, semiannually or quarterly.

  • Month-to-month, with two months due upfront.

  • By a pay-as-you-go plan, wherein Pie works along with your payroll supplier to find out your premiums after which robotically deducts them. No upfront fee is required.

Claims are dealt with by the CorVel Company, an organization that manages staff’ compensation claims for companions as massive as Ohio’s monopolistic staff’ comp fund.

If an damage occurs within the office, you’ll report the incident on to CorVel. The injured employee can discuss to a nurse and get related to medical suppliers in CorVel’s community. All through the claims course of, they’ll entry indemnity funds, pharmacy playing cards and different sources in CorVel’s app.

The best way to get a quote from Pie Insurance coverage

To get a quote from Pie on-line, you’ll begin by offering primary details about what you are promoting, together with your payroll measurement, business and whether or not you’ve had any claims in recent times. At that time, Pie shows an estimated month-to-month premium.

Then, you’ll must name Pie to offer further info and finalize your quote; estimates could change at this level. Representatives can be found from 9 a.m. to 9 p.m. Jap time on weekdays.

After shopping for a coverage, Pie prospects take part in an annual premium audit. This can be a normal course of that updates the insurance coverage firm about what number of staff an organization has and what kind of labor these staff do. Pie encourages policyholders to achieve out to their brokers or to an e-mail handle particular to the audit course of for steerage.

Observe that Pie staff’ comp insurance coverage is simply accessible in 36 states and Washington, D.C. as of this writing. If your organization has staff in a number of states, you’ll want staff’ comp insurance coverage that complies with every state’s legal guidelines. That will imply it’s a must to purchase insurance policies from a number of insurers.

Shopping for enterprise insurance coverage from Pie Insurance coverage

Pie is a managing common company of Sirius America, a worldwide insurer that works with many insurance coverage startups. Which means its staff’ compensation insurance policies are underwritten by Sirius — a longtime insurance coverage firm with a robust monetary power ranking — however offered by Pie.

Impartial insurance coverage brokers also can promote Pie staff’ comp insurance policies.

Should you want a enterprise proprietor’s coverage, business auto insurance coverage, cybersecurity insurance coverage, errors and omissions insurance coverage or common legal responsibility insurance coverage, Pie can gather your contact info and share it with its companions. These firms will contact you for extra info and to provide you quotes.

Who can purchase Pie Insurance coverage?

Pie Insurance coverage is likely to be a superb match for what you are promoting if:

  • Your high precedence is staff’ comp protection. Staff’ comp is Pie’s focus, and it affords options like pay-as-you-go premiums and audit assist which will assist make this difficult protection simpler to handle. However if you happen to purchase different forms of enterprise insurance coverage by way of Pie, you’ll find yourself juggling insurance policies from a number of completely different suppliers.

  • You worth claims administration. Pie companions with CorVel, a agency targeted on staff’ comp claims administration. When accidents occur, you’ll be able to report them on to CorVel. Injured staff have entry to a nationwide community of medical suppliers and round the clock communication with nurses who can reply their questions.

  • You do enterprise in one of many states Pie serves. As of this writing, Pie insurance coverage is offered in 36 states plus Washington, D.C. However observe that in case you have staff working in a number of states, it’s possible you’ll must buy insurance policies in a number of states.

Alternate options to Pie Insurance coverage

To discover the perfect staff’ comp for what you are promoting, BaghdadTime recommends getting quotes from a number of insurance coverage firms earlier than selecting one. Take into account these different suppliers whilst you’re buying round if Pie isn’t a match for you:

  • Should you don’t wish to work with a startup: Chubb is a business insurance coverage firm that’s greater than a century outdated. You should purchase staff’ comp from Chubb on-line, together with a enterprise proprietor’s coverage and different primary forms of protection.

  • If you wish to purchase all of your insurance coverage from the identical supplier: Subsequent Insurance coverage — one other startup — sells staff’ comp, business auto insurance coverage, enterprise proprietor’s insurance policies, skilled legal responsibility insurance coverage, liquor legal responsibility insurance coverage and extra on-line. You’ll even have entry to a digital certificates of insurance coverage which you could share at any time when that you must, whereas Pie says it might probably take as much as two days to ship a COI.

  • If Pie isn’t accessible in your state: BiBERK sells staff’ comp insurance coverage on-line all over the place besides the monopolistic states, which require you to purchase from a state fund or self-insure. The corporate, which is a part of Berkshire Hathaway, additionally affords skilled legal responsibility insurance coverage in all 50 states plus Washington, D.C., and business auto insurance coverage, a enterprise proprietor’s coverage and umbrella insurance coverage in some states.

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