Founder Shield vs Risklytics: How Do They Compare for Workers’ Compensation Insurance?

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. ¹Company-reported. Workers' Compensation Insurance product page.

Risklytics says the coverage is required by law in most states once a company has its first employee, and notes states differ on whether founders and officers can exclude themselves. ⁴Company-reported. Lines page.

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. ^2,3Company-reported. About-us and carrier-selection pages describe the general placement process, not a line-specific application form.

You start Risklytics Workers' Compensation Insurance through Risklytics' online application. Risklytics says there is no broker fee on top of the premium and a licensed producer stays on the file until the program binds; its commission is paid by the carrier out of the premium either way. ^6,5Company-reported. Pricing page describes the general application and fee process, not a line-specific form.

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. ¹Company-reported. Product page; the issued policy and declarations control actual coverage.

Risklytics describes Workers' Compensation as paying an injured employee's medical bills and part of their wages, citing a technician straining their back and a field installer falling from a ladder at a customer site as examples, and distinguishes it from general liability, which would answer a customer's own employee being hurt instead. ⁴Company-reported. Lines page; the issued policy and declarations control actual coverage.

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. ²Company-reported. About-us page; applies to Founder Shield's brokerage model generally, restated here for this line.

Risklytics Insurance Services is a licensed insurance producer (NPN 22311838) that places Risklytics Workers' Compensation Insurance with outside carriers; it says it does not underwrite policies itself. ⁵Company-reported. About page; describes Risklytics' brokerage model generally, restated for this line.

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.

Risklytics does not name the carrier that underwrites Risklytics Workers' Compensation Insurance on its site. It says it places business with specialist insurers willing to write robotics, autonomy and AI risk; the issuing carrier appears on the bound policy. ^4,5Company-reported. Lines page and about page; no specific insurer is published for this line.