Embroker vs 
Mylo: How Do They Compare for Workers’ Compensation Insurance?
Embroker gives an instant online quote and bundles optionally with cyber or a BOP; Mylo, a broker, compares several carriers and flags Ohio, North Dakota, Washington and Wyoming as state-fund states.
Mylo compares workers’ comp quotes across carriers and guides buyers in four state-fund states; Embroker offers an instant quote and publishes typical limits. 2,1
What Are the Key Differences Between Embroker and Mylo Workers’ Compensation Insurance?
State-Fund States
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. 2Company-reported. Workers' comp product page "Your state makes a difference" section.
Embroker's eligibility description also names North Dakota, Ohio, Washington and Wyoming as monopolistic states requiring the state fund, and separately says solopreneurs without employees are typically not required to carry the coverage. 1
Choose Mylo if you work in Ohio, North Dakota, Washington or Wyoming or want carrier comparisons; choose Embroker for a fast online quote and published limits. 2
Shopping Multiple Carriers Versus a Single Quote
Mylo brokers workers' compensation by comparing quotes from multiple carriers, saying carriers can assign different rates and fees to the same classification. 2 Embroker instead offers a single instant online quote through its own digital platform, without describing a multi-carrier comparison step. 1
What Sets the Price
Mylo explains a pricing formula using the classification's risk-based rate, total payroll and prior claims history. 2 Embroker separately names employee count, claims history, type of work, and an Experience Modification Rate comparing the employer's claims history to similar businesses over three years. 1
What Should You Confirm in Embroker and Mylo Workers’ Compensation Insurance Quotes?
- If you're in Ohio, North Dakota, Washington or Wyoming, ask both companies how they'd handle the required state fund. 2
- Ask Mylo how many carriers it actually compared for your quote and what the rate differences were. 2
- Ask Embroker for your actual Experience Modification Rate and how it changed your premium. 1
- Ask both companies to name the insurer that would issue your policy. 1 2
Embroker vs Mylo Workers’ Compensation Insurance Compared
Embroker vs Mylo: Workers’ Compensation Insurance: documented features by provider
| Criteria | Embroker Workers Compensation Insurance | Mylo Workers' Compensation Insurance |
|---|---|---|
| Limits and Retentions | Embroker describes typical state minimum limits of $100,000 per occurrence and $100,000 per employee for injury claims, and $500,000 for disease-related claims, noting these limits vary by state and can be increased for a higher premium. 1Company-reported. Product-page 'What are Workers Compensation limits?' section; actual limits depend on the state and policy purchased. Embroker says premiums are driven mainly by employee count, claims history, the type of work performed, and the employer's Experience Modification Rate (XMod), which compares a company's claims history to similar businesses over a three-year period. 1Company-reported. Product-page 'What does Workers Compensation insurance cost?' section. | Mylo explains that a workers' comp 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; it says comparing carriers helps because carriers can assign different rates and fees to the same classification. 2Company-reported. Workers' comp product page FAQ "How is my premium determined?"; no specific premium figures are given. |
| Who It’s For | Embroker says workers' compensation is legally required for employers in most U.S. states, that four states (North Dakota, Ohio, Washington and Wyoming) are monopolistic and require buying from the state fund, and that solopreneurs without employees are typically not required to carry it. 1Company-reported. Product-page eligibility, 'Is Workers Compensation required by my state?' and 'Do self-employed business owners need workers compensation insurance?' sections; requirements vary by state and are not independently verified here. | 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. 2Company-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. 2Company-reported. Workers' comp product page "Your state makes a difference" section. |
| Coverage Features | Embroker lists coverage for employee medical expenses, lost wages, rehabilitation, death benefits, and legal defense costs if an employee sues over a workplace injury; commuting injuries are excluded. 1Company-reported. Product-page What's covered and What's not included sections; the issued policy and declarations control. | 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. 2Company-reported. Workers' comp product page; the issued policy and its exclusions control. |
| Role in This Line | Embroker sells workers' compensation as a standalone policy and offers to package it with other coverages such as cyber and a business owners policy. 1Company-reported. Product-page description; not a statement about the issuing insurer. | Mylo brokers workers' compensation insurance by comparing quotes from multiple carriers rather than underwriting the policy itself. 2Company-reported. Workers' comp product page. |
