2022-Embroker Effective Pie Insurance Alternative


While you’ve simply began a brand new enterprise, buying insurance coverage could also be the very last thing in your thoughts. You’ve received lots occurring getting issues up and working, so buying enterprise insurance coverage can absolutely wait, proper?


Getting insurance coverage early on – as in, earlier than you want it – is essential for getting forward of potential dangers that might jeopardize your arduous work. So the query isn’t whether or not you must get insurance coverage, however the place you must get it from. Do you have to go together with a standard dealer, an insurtech, or a Pie Insurance coverage Different?

There’s no scarcity of firms that target insurance coverage particularly for small companies, however narrowing the choice down could be difficult. 

So, that can assist you make an knowledgeable resolution about insurance coverage for your enterprise, we’re evaluating two notable names within the small enterprise insurance coverage market: Embroker and Pie Insurance coverage.

Embroker vs. Pie Insurance coverage at a Look

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  • Embroker: Nationwide
  • Pie Insurance coverage: 38 States & Wastington, D.C.


  • Embroker: 2015
  • Pie Insurance coverage: 2017

Buyer Service:

  • Embroker: Telephone, E-mail, Chat (24/7)
  • Pie Insurance coverage: Telephone, E-mail (Mon – Fri)

On-line Quotes:

  • Embroker: Sure
  • Pie Insurance coverage: Employees’ Comp solely

Claims Help:

  • Embroker: Sure
  • Pie Insurance coverage: Sure – Outsourced for Employees’ Comp

Turnaround time for Certificates of Insurance coverage:

  • Embroker: Inside 24 hours
  • Pie Insurance coverage: As much as 2 enterprise days

What to Know About Embroker a Pie Insurance coverage Different

With a mission to make it easy for enterprise homeowners to get high quality insurance coverage protection at the most effective worth, Embroker has been making waves within the industrial insurance coverage market since 2015, making it a stable Pie Insurance coverage different. By pairing the most recent expertise with dealer experience, Embroker helps enterprise homeowners save money and time. In reality, Embroker was named one of many innovators remodeling the way forward for the finance {industry} by Goldman Sachs and one of the vital promising fintech firms on the earth by CB Insights. 

Embroker works with main insurance coverage carriers to supply industry-specific protection for essentially the most complicated and inefficient strains of insurance coverage. 

What to Know About Pie Insurance coverage

Based in 2017, Pie Insurance coverage is a enterprise insurance coverage startup specializing in employees’ compensation protection for small companies. Pie presently sells employees’ comp insurance policies in 38 states plus Washington, D.C. and in addition companions with native, regional, and nationwide insurance coverage companies to supply protection to their purchasers. To this point, Pie has partnered with greater than 2,800 companies throughout the nation.

Whereas Pie’s web site lists extra industrial insurance coverage merchandise moreover employee’s comp, it refers clients to 3rd events for protection akin to basic legal responsibility and enterprise proprietor’s insurance policies.

Embroker vs. Pie Insurance coverage: Insurance coverage Merchandise

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Getting the fitting insurance coverage merchandise for your enterprise can instantly impression your organization’s success and capacity to develop. In any case, each enterprise is exclusive, which is why insurance coverage isn’t only a one-size-fits-all answer.

As talked about already, Pie Insurance coverage’s flagship product and predominant focus is employees’ compensation. However you’ll need to confirm if Pie is on the market in your space since, in the meanwhile, it’s not obtainable in each state. When you’re available in the market for a enterprise proprietor’s coverage, industrial auto, cyber legal responsibility, or basic legal responsibility insurance coverage, you may submit data to Pie and it’ll cross alongside your particulars to its companions who will get in contact to supply quotes. 

Embroker has a variety of business insurance coverage merchandise to satisfy the wants of assorted companies, together with these in rising industries like crypto and hashish. With greater than 25 varieties of insurance coverage merchandise obtainable, Embroker has one thing for any kind and measurement of enterprise. Insurance policies obtainable by means of Embroker embody however should not restricted to:

As well as, Embroker gives merchandise designed for particular industries and dangers. Examples of among the specialised merchandise obtainable with Embroker embody enterprise capital errors & omissions, enterprise capital asset safety, accountant skilled legal responsibility, and authorized skilled legal responsibility. Plus, for brand spanking new companies, Embroker gives a Startup Bundle that’s designed to be an all-in-one insurance coverage bundle.

Embroker vs. Pie Insurance coverage: Financial Stability

Don’t suppose you should find out about an insurance coverage firm’s monetary standing? You could need to rethink that. Financial scores for insurance coverage firms give a transparent indication of an organization’s monetary power, repute, and skill to pay out claims sooner or later. 

All of Embroker’s digital insurance coverage merchandise are totally backed by A+ AM Greatest-rated reinsurers, together with Munich Re and Everest Re. And Pie gives protection rated A- by AM Greatest and backed by Sirius America.

AM Greatest is a world credit standing agency that scores the monetary power of insurance coverage firms. 

Embroker vs. Pie Insurance coverage: Claims

Enthusiastic about making an insurance coverage declare earlier than you even have insurance coverage for your enterprise could sound odd. However having an thought about how an organization handles claims earlier than you should file one will assist keep away from frustration in a while.

The CorVel Company, a nationwide agency centered on employees’ compensation claims administration, handles Pie’s employees’ comp claims. If a office damage happens, the enterprise proprietor or supervisor reviews the incident on to CorVel by telephone. As soon as CorVel is notified of the declare, the injured employee can join with a nurse who can reply questions and assist information them by means of the following steps. 

At Embroker, we perceive that submitting a declare could be nerve-racking, so we’ve made it simple to start out the method on-line and have an in depth overview of what’s concerned at each step. As well as, every of our policyholders has a private dealer who offers help all through the claims course of. What’s extra, policyholders get real-time updates about claims by means of their account dashboard, so that you’ll by no means be left at the hours of darkness in regards to the standing of a declare.

Embroker vs. Pie Insurance coverage: Quotes

Searching for insurance coverage is a bit like shopping for a marriage gown or swimsuit. You could find yourself going with the primary one you picked out, but it surely’s a good suggestion to take a look at a number of totally different choices earlier than making a call.

Pie says it could possibly present employees’ comp protection quotes in as little as three minutes. Nevertheless, quotes for different enterprise insurance coverage merchandise aren’t obtainable by means of Pie. 

As a small enterprise proprietor, your time is efficacious. With that in thoughts, Embroker has streamlined the insurance coverage software course of in order that it could possibly usually take just some minutes to get protection. Not solely does Embroker simplify getting on-line quotes for insurance coverage merchandise, we are able to additionally present enterprise homeowners with protection suggestions and have licensed professionals obtainable to advise on particular insurance coverage wants.

Embroker vs. Pie Insurance coverage: Buyer Service

As a small enterprise proprietor, getting the solutions to your questions and issues in a well timed method is essential for permitting you to concentrate on what’s extra necessary – your enterprise. 

Embroker has 24/7 help and could be reached anytime by telephone, e mail, or reside chat. And policyholders get a private account supervisor to deal with their insurance coverage wants.

Pie Insurance coverage’s customer support could be reached by telephone or e mail. Nevertheless it’s solely obtainable Monday to Friday from 9 a.m. to 9 p.m. Japanese time.

Embroker vs. Pie Insurance coverage: Prices

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We lastly get to the query that’s on everybody’s thoughts about insurance coverage: How a lot will it price? After all, the price is at all times a prime consideration when buying insurance coverage. And that’s very true whenever you’re engaged on getting a enterprise off the bottom.

In accordance with Pie, it makes use of analytics and algorithms to match worth with danger throughout numerous enterprise varieties. Because of this, Pie says it could possibly assist small enterprise homeowners save as much as 30% on employees’ comp insurance coverage.

With Embroker, enterprise homeowners can use a Startup Bundle Calculator to get an thought of how a lot insurance coverage will price even earlier than they get a quote. And due to Embroker’s suite of proprietary merchandise, enterprise homeowners can save a median of 20% on their premiums. 

The Backside Line

Shopping for insurance coverage might not be essentially the most thrilling a part of beginning a enterprise, however it’s important and may make all of the distinction between a enterprise that thrives and one which fails. Taking the time to search out the fitting insurance coverage merchandise with the fitting supplier will assist be sure that on a regular basis dangers received’t derail your enterprise.

Wish to study extra about how Embroker might help defend your enterprise from sudden dangers? Attain out to one in every of our skilled brokers or go to Embroker’s digital platform to get an online quote right away.


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