Pie Insurance revealed that it has been approved to provide small business-focused workers’ compensation insurance in two more states: Rhode Island and Vermont.
The expansion now brings the total number of states where the insurer is offering its products in to 31, plus Washington, D.C.
"Pie has seen fantastic growth throughout 2019," said Pie Insurance CEO John Swigart, who also mentioned that at the start of 2019, the company originally served only 10 states.
“With our launches in Rhode Island and Vermont, we're able to help small business owners in these states save up to 30% on workers' compensation insurance with an online process that is truly as easy as pie,” Swigart stated.
In a release, Pie Insurance shared some workers’ compensation-related facts about the states of Rhode Island and Vermont to mark the opening of its new operations.
Rhode Island may be the smallest state in the US, but it is home to just over a million people. The state boasts 225,000 employees, and small businesses employ nearly 53% of the state’s workforce. Businesses in Rhode Island that regularly employ three or more individuals are required by law to secure workers’ compensation coverage.
Vermont has about 80,000 small businesses, which make up about 99% of the state’s total businesses. The state’s small businesses are also leading America’s revenue growth, increasing 118% since 2017. Local businesses in Vermont that hire one or more employees are required to carry workers’ compensation.