Binding with Pie

You’re ready to bind! Here’s what you need to know.

We’re committed to ensuring the binding process is as simple as possible for our partners. Below are a few frequently asked questions when it comes to binding with Pie.

Do you have a binding checklist?

Yes, use our binding checklist as a guide for submitting your clients for coverage after they’ve approved their quote. You can also download our binding checklist for reference.

 

Officer information for each officer

  • Full name
  • Include/exclude status
  • Percentage of ownership – must add up to 100%

Insured’s contact information

  • Full name
  • Phone number
  • FEIN
  • Mailing address
  • Physical address(es)
  • Email address
    This cannot be the agent or sub-agent’s information

Required Documents

  • Signed inclusion/exclusion for each company officer (as applicable)
  • No loss statement (if no prior coverage or new venture)
    • Available in Document Library
      If your client meets all of the following criteria, you can submit a no-loss letter instead of loss runs:

  • Loss runs confirming coverage and claims history as quoted in the partner portal
  • Florida policies require a signed ACORD 130 per state law

Subjectivities

  • All subjectivities stipulated by the underwriter

For California entities only (must be answered or will not be filed)

  • Is a DMV cert required?
  • If a PUC or CSLB filing is required, list the entity’s ID number

How long does it take to process a bind order?

Bind orders are processed within 24 hours.

I need to set up my client for payments, where do I find your ACH form?

Pie is paperless when it comes to binding, so there is no need to send us an ACH form or a voided check to get your clients set up for payments. Your clients will receive an email with their policy number, as well as a link to make their first payment—don’t worry, you’ll be copied on the email so you’ll see when it is sent.

Curious what other emails you’ll be copied on? We lay it all out here.

What payment options does my client have?

Pie offers a variety of payment options to meet our policyholder’s needs.

At the time of bind, we’ll send an email with secure payment link information to your client with you cc’ed, letting them know that we accept reoccurring payments via credit card, debit card, or ACH. We offer four payment plans:

Annual

100% deposit
Due up front

Semi-annual

50% deposit
Due every 180 days

Quarterly

25% deposit
Due every 90 days

Monthly

16.6% deposit
Due monthly for 10 months

Pay-as-you-go

Pay as a percent of payroll

If the insured does not make their payment within the first 30 days, we cancel the policy back to a flat cancellation.

Note that all semi-annual, quarterly, and monthly payments will include a $5 installment fee on each bill.

Need a resource to explain to your client why Pay-as-you-go might be a good fit for them? We’ve got you covered.

I haven’t received a binder; where is it?

Pie issues policy documentation 24 hours after receiving the first payment, so we don’t issue binders.

Where can my client find state notices?

Your clients can find notices for their state here.

Where can I get a refresher on the binding process?