Below is an abbreviated list of the hot classes recently written with Pie Insurance (not limited to):
Pie Insurance will accept new ventures upon underwriter approval, if not included in the hazard group limitations. New venture applicants must be newly in business or have had too few employees to require coverage. Any applicant with prior Workers' Compensation coverage but without current coverage will be treated as a policy lapse requiring underwriting approval.
The maximum premium is $75,000 in subject premium.
The maximum allowable Experience Modification Factor is 1.50
Pie Insurance may offer coverage to applicants with a lapse in coverage on a case-by-case basis, with underwriting approval and a signed statement of no losses during the lapsed period.
Backdating is prohibited. Effective date must be in the future. Pie may consider same day binds to retain a normal anniversary date.
Pie Insurance may offer coverage to sole proprietors with no employees. In these instances, they may use the applicant's SSN instead of the FEIN and assign the state-mandated payroll. The owner must be included in coverage at the state's minimum payroll amount.
All policies that cover employees will be required to provide a FEIN prior to policy issuance.
Specific waivers are available upon customer request and are subject to underwriter approval. Blanket waivers require underwriter review and should be used infrequently. All waivers carry an additional fee; generally, specific waivers are 5% subject to a $250 minimum, and blanket waivers are 2% subject to a $500 minimum.
Insured will receive an email with secure payment link information letting them know about the payment types accepted and also about the available installment options:
This information is provided as a guideline only and is subject to change with or without notice.