Lockton vs 
Mylo: How Do They Compare for Workers’ Compensation Insurance?
Maritime, offshore and trucking employers get dedicated programs, and everyone gets access to more than 100 markets, through Lockton, a broker; Mylo, also a broker, compares quotes from several carriers and explains how job type, payroll and claims history set premiums.
Mylo names Ohio, North Dakota, Washington and Wyoming as monopolistic states and explains how a workers' compensation premium is calculated. Lockton instead lists named specialty capabilities such as captive consulting and Jones Act/USL&H programs for maritime exposures. 2,1
What Are the Key Differences Between Lockton and Mylo Workers’ Compensation Insurance?
Scale of Program Versus Standard Placement
Lockton lists named specialty capabilities for workers' compensation: captive consulting and formation, Texas non-subscription, Jones Act/Outer Continental Shelf/USL&H programs, trucking occupational accident coverage, and qualified self-insurance design. 1 Mylo's page describes a more standard placement instead, comparing quotes from multiple carriers for a typical small or mid-size employer. 2
Naming State-Fund Requirements
Mylo names the four monopolistic states directly and explains that its agents can direct buyers there accordingly.
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.
Lockton's page doesn't address monopolistic states; it focuses on market access instead, saying clients can reach more than 100 regional, global and program markets through its InfoLock benchmarking service. 1
What Should You Confirm in Lockton and Mylo Workers’ Compensation Insurance Quotes?
- If you operate in Ohio, North Dakota, Washington or Wyoming, ask Lockton how it would handle the state-fund requirement, since its page doesn't name those states. 2 1
- If your operation involves maritime or offshore exposure, ask Lockton whether its named specialty programs apply. 1
- Ask Mylo to show how the rate and classification it used compare across the carriers it quoted. 2
- Confirm which insurer either brokerage would place your policy with; neither names one. 1 2
Lockton vs Mylo Workers’ Compensation Insurance Compared
Lockton vs Mylo: Workers’ Compensation Insurance: documented features by provider
| Criteria | Lockton Workers' Compensation Insurance Brokerage | Mylo Workers' Compensation Insurance |
|---|---|---|
| Coverage Features | Lockton lists specialty workers' compensation capabilities: alternative risk expertise including captive consulting and formation, Texas non-subscription consulting, Jones Act/Outer Continental Shelf/USL&H programs for maritime and offshore exposures, trucking solutions including occupational accident programs, and qualified self-insurance consulting, implementation, administration, design and placement. 1Company-reported. Workers' Compensation product page as read 2026-09-23. A capability list, not a specimen 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. 2Company-reported. Workers' comp product page; the issued policy and its exclusions control. |
| Role in This Line | Lockton's workers' compensation team designs programs and analyzes their effectiveness through what it calls a strategic claims mitigation process; the team includes actuaries, claims advisors and safety specialists working alongside brokers. Lockton is the broker, not the insurer of record. 1Company-reported. Workers' Compensation product page as read 2026-09-23. | Mylo brokers workers' compensation insurance by comparing quotes from multiple carriers rather than underwriting the policy itself. 2Company-reported. Workers' comp product page. |
| Risk Services | Lockton says clients can access more than 100 regional, global and program workers' compensation markets, and it offers benchmarking through its InfoLock service. 1Company-reported. Workers' Compensation product page as read 2026-09-23. Lockton says it offers a full suite of safety services designed to reduce loss costs, OSHA consulting, loss forecasting and probability analysis, and claims service advocates to help ensure coverage and reduce retained loss costs. 1Company-reported. Workers' Compensation product page as read 2026-09-23. | 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. 2Company-reported. Workers' comp product page FAQ. |
