Chubb vs 
Mylo: How Do They Compare for Workers’ Compensation Insurance?
Chubb underwrites directly and re-prices every medical bill by state fee schedule; Mylo is a broker comparing quotes from several carriers and flagging state-fund states.
Chubb underwrites workers’ comp for businesses up to $30 million in revenue; Mylo compares carriers and guides buyers in four state-fund states. 1,3
What Are the Key Differences Between Chubb and Mylo Workers’ Compensation Insurance?
One Insurer Versus a Comparison Across Carriers
Chubb underwrites workers' compensation directly for small businesses, from one employee up to $30 million in revenue. 1
Mylo brokers workers' compensation insurance by comparing quotes from multiple carriers rather than underwriting the policy itself. 3Company-reported. Workers' comp product page.
Because Mylo compares carriers rather than issuing the policy itself, the insurer for a given quote depends on which carrier it places the business with, unlike Chubb's fixed underwriter. 3
Choose Chubb if you want direct coverage and fit its size range; choose Mylo if your state requires a fund or you want carrier comparisons. 3
A State-Fund Carve-Out Chubb's Page Doesn't Address
Chubb's page states its eligibility range and lists classes it covers, including technology, without addressing state-fund requirements. 1
Mylo says Ohio, North Dakota, Washington and Wyoming require employers to buy workers' compensation from a state fund rather than a private insurer, and that its agents direct buyers in those states accordingly, meaning Mylo cannot place the business with a private carrier there the way it can elsewhere. 3
How Each Explains Pricing
Chubb does not attach a dollar figure to its employer liability option, describing the limit only as "various" rather than publishing a specific number. 1
Mylo instead explains its pricing methodology: a premium is set by classifying the business's activities, assigning a risk-based rate to that classification, and applying a formula using the rate, total payroll and prior claims history, and it says comparing carriers helps because carriers can assign different rates to the same classification. 3
What Should You Confirm in Chubb and Mylo Workers’ Compensation Insurance Quotes?
- Ask Mylo whether the business's state is one of the four state-fund states, since Mylo cannot place private coverage there. 3
- Ask Mylo which carriers it compared and which one it is recommending for the final quote. 3
- Ask Chubb for the specific employer liability limit, since its page describes the option without a dollar figure. 1
- Confirm the business's revenue and class fall inside Chubb's published eligibility range before applying directly. 1
Chubb vs Mylo Workers’ Compensation Insurance Compared
Chubb vs Mylo: Workers’ Compensation Insurance: documented features by provider
| Criteria | Chubb Small Business Workers' Compensation Insurance | Mylo Workers' Compensation Insurance |
|---|---|---|
| Who It’s For | Chubb says this policy covers small businesses with as little as one employee up to $30 million in revenue, across a wide range of classes including technology. 1,2Company-reported. Coverage-highlights list on the small-business workers' compensation page. | Mylo says almost all states require workers' compensation for employers with employees, that Texas has exceptions, and that employee-count and employment-status requirements vary by state. 3Company-reported. Workers' comp product page. Mylo says Ohio, North Dakota, Washington and Wyoming require employers to buy workers' compensation from a state fund rather than a private insurer, and that its agents can direct buyers in those states accordingly. 3Company-reported. Workers' comp product page "Your state makes a difference" section. |
| Coverage Features | Chubb lists coverage for medical expenses and lost wages, a waiver of subrogation option, various employer liability limits, and occasional international travel coverage available through a foreign package policy. 1Company-reported. Coverage-highlights list; specific options depend on the issued policy. | Mylo describes workers' comp as a no-fault system covering workplace accidents, repetitive injuries and occupational illness, paying medical treatment, lost wages and retraining costs, and serving as the exclusive remedy that generally shields the employer from employee lawsuits over those injuries. 3Company-reported. Workers' comp product page; the issued policy and its exclusions control. |
| Role in This Line | Chubb underwrites workers' compensation insurance directly for small businesses, crafted to pair with a Chubb BOP for combined policy and claims service. 1Company-reported. Workers' Compensation for Small Business product page. | Mylo brokers workers' compensation insurance by comparing quotes from multiple carriers rather than underwriting the policy itself. 3Company-reported. Workers' comp product page. |
| Risk Services | Chubb describes internal nurse case managers, a return-to-work program, pharmacy benefit management, preferred-provider network access, and a Special Investigative Unit for suspected fraud as part of its workers' compensation claims service. 1Company-reported. Exceptional Service section of the small-business workers' compensation page; company-described service program. | Mylo says employers' liability coverage, often included within a workers' comp policy, can cover the rare situations where an employer is still sued over a workplace injury despite the no-fault system. 3Company-reported. Workers' comp product page FAQ. |
