Pie Insurance Review 2026: Small-Business Workers' Comp
Pie Insurance set out to do one unglamorous thing extremely well: price small-business workers' compensation with data instead of guesswork, and sell it in minutes. It has since become the best-capitalized workers' comp insurtech and, since 2023, a full-stack carrier that underwrites its own policies. This is an independent profile from QuoteSweep, which maps the modern commercial insurance landscape. QuoteSweep does not compete with Pie.
TL;DR: Pie Insurance (pieinsurance.com) is a data-driven workers' comp carrier for small businesses. It quotes online in about three minutes and underwrites workers' comp itself through The Pie Insurance Company (AM Best A- rated), while offering BOP, commercial auto, GL, and E&O through partners. Per reporting it raised a $315M Series D in 2022 (~$615M+ total) and writes workers' comp in 39 states plus DC.
What Pie is
Pie's core product is workers' compensation priced by a proprietary data model rather than broad class-code averages, which is how it can quote a small business in roughly three minutes. Originally an MGA writing on another carrier's paper, Pie became a full-stack carrier in 2023, issuing workers' comp through The Pie Insurance Company (AM Best A- rated). It has since expanded into a broader small-business lineup — BOP, commercial auto, general liability, and professional liability — placed through third-party partner carriers.
Who Pie is for
Pie is built for small businesses buying workers' comp — the restaurants, contractors, and service firms that make up the bulk of the WC market. It sells both direct (self-serve online) and through agents, with a dedicated agent portal and partner program.
Coverage lines
- Workers' Compensation — the core line, underwritten by The Pie Insurance Company
- Business Owner's Policy (BOP) — via partner carriers
- Commercial Auto — via partners
- General Liability — via partners
- Professional Liability / E&O — via partners
What Pie reports about itself
From Pie's site (company-stated) and third-party sources:
- Model: data-driven workers' comp carrier; full-stack for WC since 2023, MGA/distributor for other lines
- Speed (site): a quote in about three minutes
- Availability (site): workers' comp in 39 states plus Washington, D.C.
- Funding (third-party): a $315M Series D in 2022 co-led by Centerbridge Partners and Allianz X, following a $118M Series C in 2021; roughly $615M+ raised in total
- Scale (third-party): 55,000+ policies in force (2025)
- Founded: 2017
Company-reported figures are not independently audited.
How Pie compares
- vs. Cerity: both sell small-business workers' comp direct and digitally; Pie is a venture-scale full-stack carrier expanding into other lines, while Cerity is a direct WC brand backed by the century-old carrier EMPLOYERS.
- vs. Hourly: Hourly ties workers' comp to its payroll platform for true pay-as-you-go billing; Pie is a standalone WC carrier with a fast quote and an agent channel.
- vs. Next (ERGO NEXT): Next writes many small-business lines with WC embedded; Pie leads with workers' comp and prices it with its own data model. See Pie vs Next.
- See the whole category: compare workers' comp players side by side on the workers' comp insurtech hub.
Frequently Asked Questions
Is Pie a carrier or an MGA?
Both, depending on the line. Pie underwrites workers' comp itself through The Pie Insurance Company (AM Best A- rated). Its other lines — BOP, commercial auto, GL, E&O — are underwritten by third-party partner carriers, with Pie acting as the licensed producer.
How fast can Pie quote workers' comp?
About three minutes online, per its site. You can buy direct or through an appointed agent.
What states is Pie available in?
Pie writes workers' comp in 39 states plus Washington, D.C., "with more to come."
What does Pie cost?
Workers' comp premium is quote-based and priced from your business details using Pie's data model.
Get a quote from Pie
If you run a small business and want fast, data-priced workers' comp — direct or through your agent — Pie is the category benchmark to compare.
For related explainers, see pay-as-you-go workers' comp, or compare the field on the workers' comp insurtech hub.
Sources: pieinsurance.com (products, quote speed, distribution, carrier status, availability); PR Newswire, Insurance Journal, and Allianz (funding, full-stack transition, policies in force). Company-reported figures are not independently audited.
