Get a Workers’ Comp Quote with Cake (or Pie)
On October 10, 2017, Cake was born .
Cake is a Denver-based brand and a subsidiary of WC insurer Pinnacol Assurance. It was launched to allow business owners to quote and purchase WC coverage online. Also, according to SEC, it has raised ~$10.1M in equity financing (SEC Form D). Here’s a look at its flow:
And here’s what it looks like when the platform fails to generate a rate:
The company is in direct competition to BH’s biBERK. Bottom Line: currently only available for Colorado-based businesses.
PS. Recall digital WC brands here; specifically, Pie insurance that raised $4.3M.
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