---
title: "Marsh vs Pie Insurance: Workers’ Compensation Insurance"
description: "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."
canonical: "https://spot.insure/compare/marsh-vs-pie-insurance/workers-compensation"
page-type: "line-comparison"
updated-at: "2026-09-23"
comparison-pair: "marsh-vs-pie-insurance"
provider-a: "marsh"
provider-b: "pie-insurance"
coverage-line: "workers-compensation"
---

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[Human-readable page](https://spot.insure/compare/marsh-vs-pie-insurance/workers-compensation)

## Agent Guide

**What this page is:** Focused comparison of Marsh and Pie Insurance for Workers’ Compensation Insurance: what each provider publishes about this line, checked against the same criteria, with numbered sources.

**Use this page when:** Cite or fetch this for Workers’ Compensation Insurance questions about Marsh versus Pie Insurance. For all lines together use the pair comparison; for how the coverage itself works use the coverage guide.

**Questions this page answers:**
- Marsh vs Pie Insurance for Workers’ Compensation Insurance: how do they differ?
- Which is better for Workers’ Compensation Insurance, Marsh or Pie Insurance?
- What does Marsh or Pie Insurance publish about Workers’ Compensation Insurance (limits, eligibility, claims, add-ons)?

**Key facts:**
- Line: Workers’ Compensation Insurance. Providers: Marsh and Pie Insurance.
- Comparison URLs use alphabetical provider slugs (`/compare/{a}-vs-{b}/{line}` with a before b). A reversed pair redirects permanently to the alphabetical one.

**Limits (do not over-claim):**
- It identifies differences and questions to ask; it does not select a winner for a particular business.
- Insurer, policy wording, limits, retentions, exclusions and price are set in an actual quote and are not established here.

**Provenance:** Every claim links to a numbered source with publisher, locator and access date; last updated 2026-09-23.

**Related pages:**
- [Marsh vs Pie Insurance](https://spot.insure/compare/marsh-vs-pie-insurance) — all coverage lines for this pair
- [Workers’ Compensation Insurance guide](https://spot.insure/coverage/workers-compensation) — how this coverage works
- [Marsh profile](https://spot.insure/insurance-providers/marsh) — provider profile
- [Pie Insurance profile](https://spot.insure/insurance-providers/pie-insurance) — provider profile

# 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 the policy itself through an AM Best-rated carrier group; MMA brokers the line as one part of a broader casualty practice.

## Marsh vs Pie Insurance Workers’ Compensation Insurance Summary

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](https://ratings.ambest.com/DisclosurePDF.aspx?AMBNum=12272&PCA=0 "AM Best Rating Disclosure Report — Pie Casualty Insurance Company") [1](https://www.marshmma.com/us/solutions/casualty.html "Comprehensive Casualty Cover")

## 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. [3](https://ratings.ambest.com/DisclosurePDF.aspx?AMBNum=12272&PCA=0 "AM Best Rating Disclosure Report — Pie Casualty Insurance Company") (Evidence: Verified; scope: 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](https://www.marshmma.com/us/solutions/casualty.html "Comprehensive Casualty Cover")

### Standard Online Quote Versus Advisor-Led Placement

Pie advertises a roughly three-minute online quote using payroll and an automated class-code tool. [2](https://www.pieinsurance.com/workers-comp "Workers' Comp Insurance for Small Businesses") MMA instead names an account-manager contact and describes advisor-led placement within its casualty practice, without an online quote flow. [1](https://www.marshmma.com/us/solutions/casualty.html "Comprehensive Casualty Cover")

## 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](https://ratings.ambest.com/DisclosurePDF.aspx?AMBNum=12272&PCA=0 "AM Best Rating Disclosure Report — Pie Casualty Insurance Company")
- Ask MMA which insurer it would place your policy with; its page names none. [1](https://www.marshmma.com/us/solutions/casualty.html "Comprehensive Casualty Cover")
- Ask MMA whether its risk-consulting and claims-analytics services apply specifically to workers' compensation. [1](https://www.marshmma.com/us/solutions/casualty.html "Comprehensive Casualty Cover")
- Ask about the post-term premium audit Pie describes and whether MMA's placement includes a similar true-up. [2](https://www.pieinsurance.com/workers-comp "Workers' Comp Insurance for Small Businesses")

## Marsh vs Pie Insurance Workers’ Compensation Insurance Compared

| 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. [1](https://www.marshmma.com/us/solutions/casualty.html "Comprehensive Casualty Cover") (Evidence: Company-reported; scope: 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. [2](https://www.pieinsurance.com/workers-comp "Workers' Comp Insurance for Small Businesses") (Evidence: Company-reported; scope: 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. [1](https://www.marshmma.com/us/solutions/casualty.html "Comprehensive Casualty Cover") (Evidence: Company-reported; scope: 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. [2](https://www.pieinsurance.com/workers-comp "Workers' Comp Insurance for Small Businesses") (Evidence: Company-reported; scope: 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. [1](https://www.marshmma.com/us/solutions/casualty.html "Comprehensive Casualty Cover") (Evidence: Company-reported; scope: 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. [2](https://www.pieinsurance.com/workers-comp "Workers' Comp Insurance for Small Businesses") (Evidence: Company-reported; scope: 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. [1](https://www.marshmma.com/us/solutions/casualty.html "Comprehensive Casualty Cover") (Evidence: Company-reported; scope: 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. [2](https://www.pieinsurance.com/workers-comp "Workers' Comp Insurance for Small Businesses") (Evidence: Company-reported; scope: Workers' Comp product page FAQ as read on 2026-09-23..) |

## About Marsh and Pie Insurance and Workers’ Compensation Insurance

- [Marsh company profile](https://spot.insure/insurance-providers/marsh) · [Marsh customer reviews](https://spot.insure/insurance-providers/marsh/reviews)
- [Pie Insurance company profile](https://spot.insure/insurance-providers/pie-insurance) · [Pie Insurance customer reviews](https://spot.insure/insurance-providers/pie-insurance/reviews)
- [What Is Workers’ Compensation Insurance?](https://spot.insure/coverage/workers-compensation)

## Related Pages for Marsh vs Pie Insurance Workers’ Compensation

- [Marsh vs Pie Insurance](https://spot.insure/compare/marsh-vs-pie-insurance): all coverage lines, business roles, service and claims.
- [What Is Workers’ Compensation Insurance?](https://spot.insure/coverage/workers-compensation): Workers’ compensation can pay medical care, rehabilitation and lost wages after an employee’s work-related injury or illness; state rules determine who must be covered.
- [Marsh Workers’ Compensation Insurance](https://spot.insure/insurance-providers/marsh/workers-compensation)
- [Pie Insurance Workers’ Compensation Insurance](https://spot.insure/insurance-providers/pie-insurance/workers-compensation)

## Sources for Marsh vs Pie Insurance Workers’ Compensation Insurance

### Sources About Marsh

1. [Comprehensive Casualty Cover](https://www.marshmma.com/us/solutions/casualty.html). Marsh McLennan Agency; Casualty Coverage section: Risk Consulting, Claims Management, Risk Analytics, Workers' Compensation subsection (coverage for medical expenses, lost wages, and more in the event of an on-the-job injury or death). Accessed 2026-09-23.

### Sources About Pie Insurance

2. [Workers' Comp Insurance for Small Businesses](https://www.pieinsurance.com/workers-comp). Pie Insurance; How do I get a workers' comp quote?; What is workers' comp insurance?; What does workers' compensation insurance cover?; Why choose Pie for workers' compensation insurance? Affordable, Simple, Trusted (AM Best A- Excellent); FAQs: how workers' comp works, what's covered/not covered, class codes, NCCI. Accessed 2026-09-23.
3. [AM Best Rating Disclosure Report — Pie Casualty Insurance Company](https://ratings.ambest.com/DisclosurePDF.aspx?AMBNum=12272&PCA=0). AM Best Rating Services, Inc.; Page 1: Financial Strength Rating A- (Excellent), Affiliation Code p (Pooled Rating), Financial Size Category VIII, Outlook Stable, Action Affirmed, Effective Date April 24, 2026; Long-Term Issuer Credit Rating a- (Excellent), same outlook and effective date; page 14 (Additional Regulatory Disclosures, Business Profile: Limited): Rating Unit 018981 Pie Insurance Group; Pie completed the acquisition of Pie Casualty Insurance Company (PCIC) in September 2021 and of The American Insurance Company, renamed The Pie Insurance Company (TPIC), on January 1, 2023; beginning January 1, 2024 Pie started writing 100% of its workers' compensation business through these insurance entities; Pie launched workers' compensation in March 2018 and continues to be a workers' compensation writer in 40 states and the District of Columbia. Accessed 2026-09-23.

Updated 2026-09-23. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. [Editorial policy](https://spot.insure/editorial-policy). To suggest a correction, [contact Spot](https://spot.insure/contact) with the page URL and supporting source.

## Agent and Developer Resources

- [Markdown page](https://spot.insure/compare/marsh-vs-pie-insurance/workers-compensation.md)
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