Marsh vs Pie Insurance: How Do They Compare for Workers’ Compensation Insurance?

Pie Insurance underwrites workers' comp itself and quotes online from payroll and class-code details; Marsh, through Marsh McLennan Agency, hands you to an adviser with risk consulting.

Pie underwrites workers' compensation through its own carrier group, rated A- (Excellent) by AM Best, with a roughly three-minute online quote. Marsh McLennan Agency instead brokers the line as one brief part of its broader casualty practice. ^3,¹

What Are the Key Differences Between Marsh and Pie Insurance Workers’ Compensation Insurance?

Who Carries the Risk

Pie underwrites the policy through its own carrier group rather than only brokering it to outside insurers.

AM Best's disclosure report says Pie completed acquiring Pie Casualty Insurance Company in September 2021 and The Pie Insurance Company (formerly The American Insurance Company) in January 2023, and that beginning January 1, 2024, Pie writes 100% of its workers' compensation business through these two entities, part of the pooled Rating Unit 018981 Pie Insurance Group. AM Best affirmed Pie Casualty Insurance Company's Financial Strength Rating at A- (Excellent) and Long-Term Issuer Credit Rating at a- (Excellent), both with a stable outlook, effective April 24, 2026. ³Verified. AM Best rating disclosure report (AMB #012272, NAIC #10997) for Pie Casualty Insurance Company; a rating is an opinion of insurer financial strength, not a guarantee a claim will be paid, and reflects the pooled group rather than a standalone assessment of either entity.

MMA takes the broker's role instead, placing workers' compensation as one line within its broader casualty insurance practice rather than underwriting it. ¹

Standard Online Quote Versus Advisor-Led Placement

Pie advertises a roughly three-minute online quote using payroll and an automated class-code tool. ² MMA instead names an account-manager contact and describes advisor-led placement within its casualty practice, without an online quote flow. ¹

What Should You Confirm in Marsh and Pie Insurance Workers’ Compensation Insurance Quotes?

Confirm Pie's current AM Best rating and effective date directly, since ratings can change after the reviewed report. ³
Ask MMA which insurer it would place your policy with; its page names none. ¹
Ask MMA whether its risk-consulting and claims-analytics services apply specifically to workers' compensation. ¹
Ask about the post-term premium audit Pie describes and whether MMA's placement includes a similar true-up. ²

Marsh vs Pie Insurance Workers’ Compensation Insurance Compared

Marsh vs Pie Insurance: Workers’ Compensation Insurance: documented features by provider

Criteria	Marsh McLennan Agency Workers' Compensation Insurance	Pie Workers' Comp Insurance
How to Apply	You work with an MMA casualty specialist directly; the page names an account manager contact and describes advisor-led placement rather than an online quote. ¹Company-reported. MMA casualty insurance page.	Pie says getting a quote online requires the applicant's name, business name, annual payroll amount, and class-code information, with a tool available to help identify the correct class code, and advertises a roughly three-minute online quote and up to 30% savings. ²Company-reported. Workers' Comp product page as read on 2026-09-23; quote time and savings figures are company marketing claims, not independently verified, and individual results vary.
Coverage Features	MMA says workers' compensation insurance provides coverage for medical expenses, lost wages and other costs in the event of an on-the-job injury or death. ¹Company-reported. MMA casualty insurance page; brief, general description rather than a specific policy form.	Pie describes workers' compensation as a state-mandated program providing medical, disability (typically two-thirds wage replacement), and death benefits for employees injured or killed on the job, while excluding injuries suffered off the job, self-inflicted injuries, policy violations, and injuries from committing a crime. ²Company-reported. Workers' Comp product page as read on 2026-09-23; actual covered/excluded scenarios depend on the issued policy and state law.
Role in This Line	Marsh McLennan Agency (MMA) places workers' compensation insurance as one line within its broader casualty insurance practice. ¹Company-reported. MMA casualty insurance page, Workers' Compensation subsection.	Pie underwrites workers' compensation itself through its own carrier group, rather than only brokering the line to outside insurers as it does for several of its other small-business products. ²Company-reported. Workers' Comp product page as read on 2026-09-23; restates the provider record's verified insurer-route fact.
Risk Services	MMA lists risk consulting, claims management using data analytics, and risk analytics as services it applies across its casualty program, which includes workers' compensation. ¹Company-reported. MMA casualty insurance page, Casualty Coverage section; described for the casualty practice broadly, not exclusively for workers' compensation.	Pie says it can issue a Certificate of Insurance to show proof of workers' comp coverage, which it notes some industries, such as construction, require before work can begin, and that it performs a post-term premium audit comparing estimated to actual payroll. ²Company-reported. Workers' Comp product page FAQ as read on 2026-09-23.