Founder Shield vs Mylo Workers’ Compensation Insurance

Founder Shield is a retail insurance brokerage, described on its site as “the innovation arm of The Baldwin Group,” and places Founder Shield Workers' Compensation Insurance with third-party carriers rather than underwriting the policy itself. ⁷Company-reported. About-us page; applies to Founder Shield's brokerage model generally, restated here for this line.

Mylo brokers workers' compensation insurance by comparing quotes from multiple carriers rather than underwriting the policy itself. ¹⁰Company-reported. Workers' comp product page.

Founder Shield says it places policies, including Founder Shield Workers' Compensation Insurance, only with carriers rated A- or better by AM Best, chosen for the client's industry. It does not name the issuing insurer for this line; that depends on which carrier the policy is placed with. ³Company-reported. General carrier-selection FAQ, not specific to this line's placements.

The workers' comp product page does not name the insurer that would issue a given business's policy, aside from noting that four states require purchase from a state fund. ¹⁰Not publicly disclosed. Checked the workers' comp product page on 2026-09-23.

Founder Shield's page says most states require workers' compensation as soon as a company hires its first employee, and highlights construction, restaurants/hospitality, professional offices, healthcare and retail as buyer segments. ⁶Company-reported. Workers' Compensation Insurance product 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. ¹⁰Company-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. ¹⁰Company-reported. Workers' comp product page "Your state makes a difference" section.

Founder Shield lists medical expenses, a portion of lost wages, rehabilitation costs, death benefits, and an optional employer-liability add-on as what the policy covers. ⁶Company-reported. Product page; the issued policy and declarations control actual coverage.

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. ¹⁰Company-reported. Workers' comp product page; the issued policy and its exclusions control.

Not described in the reviewed sources.

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. ¹⁰Company-reported. Workers' comp product page FAQ "How is my premium determined?"; no specific premium figures are given.

Not described in the reviewed sources.

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. ¹⁰Company-reported. Workers' comp product page FAQ.

You request Founder Shield Workers' Compensation Insurance through Founder Shield's website or an insurance advisor rather than binding coverage directly; Founder Shield says its placement team then approaches carriers on the client's behalf. ^7,3Company-reported. About-us and carrier-selection pages describe the general placement process, not a line-specific application form.

Not described in the reviewed sources.