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Mylo vs Risklytics

Compare small-business insurance and employee-benefits shopping with frontier-tech placement as a startup makes its first hires.

Introduction

The first hiring round can create two shopping tasks: benefits for employees and commercial cover for the company. Mylo markets both small-business insurance and small-group benefits, while Risklytics emphasizes robotics and AI placements. For a founder shipping a technical product, the useful question is whether a combined service relationship can still give each purchase the attention it needs. 1 14 22

Where Each Provider Shines

Where Mylo Shines

  • Buyers can shop online or with a licensed advisor; Mylo says it compares available quotes, with an agent finalizing most policies. 1,3
  • Employers with 2–99 employees can explore group benefits with a licensed advisor and a year-round HR portal. 14

Where Risklytics Shines

  • Risklytics says it prepares the application from your business description and website for your review. 21
  • Risklytics says it reviews technology E&O wording for AI exclusions before binding. 28

Coverage Comparison

Coverage TypeMyloRisklytics
Business owner’s policyListed 1,5Not listed
Commercial autoListed 6Not listed
Commercial propertyNot listedListed 24
Cyber liabilityListed 8Listed 24
Directors and officersNot listedListed 24
Employee health and benefitsListed 14Not listed
General liabilityListed 7Listed 24
Intellectual propertyNot listedListed 24
Medical malpracticeListed 9Not listed
Professional liability / E&OListed 10Not listed
Surety bondsListed 11Not listed
Technology errors and omissionsNot listedListed 24
Tools, equipment and inland marineNot listedListed 24
Umbrella and excess liabilityListed 12Listed 24
Workers’ compensationListed 13Listed 24

Listed products and programs, including policies arranged through insurers or partners. Optional endorsements are discussed in the analysis below. “Not listed” means no separate offering appears in the reviewed catalogue; confirm availability and policy terms with the provider.

Key Differences Between Mylo and Risklytics

Benefits and Product Liability Are Separate Buying Decisions

Mylo's benefits offering targets employers with 2–99 employees and describes enrollment help, an HR portal and licensed advice. Risklytics' documented catalogue focuses on commercial lines such as technology E&O, equipment and workers' compensation; the reviewed public documentation does not establish a benefits service. That gap in documented scope is a reason to allocate responsibility, not evidence that every commercial policy must move with the benefits account. 14 24

Do Not Choose the Placement Based on an Old Parent Name

Mylo's origins within Lockton do not establish current Lockton ownership. Its current story identifies Group 1001 as backer, consistent with the later ownership reporting in the reviewed public documentation. Neither relationship identifies the insurer on a Mylo quote. Risklytics is also a producer arranging coverage, not the risk-bearing insurer. Compare the underwriting entities and actual proposals, not corporate heritage. 2 17 3 23

One Contact Does Not Necessarily Mean One Service Workflow

Mylo describes online or phone shopping with agent finalization in most cases, and publishes carrier-specific support and claims contacts. Its benefits portal does not establish a universal commercial-policy servicing process. Risklytics describes continued broker involvement and access to policy records, but leaves detailed renewal and claims duties unresolved. Ask who handles a new employee, a changed deployment and an insurance claim rather than expecting one dashboard to answer all three. 1 4 14 26 23

What to Confirm in Quotes

  • Separate benefits plan eligibility and enrollment from the underwriting of your AI or hardware activities. 14 24
  • Establish a California route for each commercial proposal. Mylo's national agent statement is not a product map, while Risklytics' reviewed license table does not establish California access. 1 22
  • Get service contacts and itemized charges for both purchases. Mylo's mostly fee-free shopping description has exceptions; Risklytics' no-broker-fee advertising does not remove insurer charges. 2 25 23

Service Comparison

Mylo vs Risklytics Insurance: documented services and availability

CriteriaMyloRisklytics
Business role

Mylo describes itself as an independent insurance broker for small and growing businesses. It recommends coverage and compares available quotes from multiple insurers rather than issuing its own policies. 1,2

Mylo says it launched within Lockton Companies in 2015 and now has Group 1001 as its backer. A May 2023 Kansas City Business Journal report said Group 1001 became the majority investor and Mylo was no longer part of Lockton; the reviewed sources did not provide a newer ownership percentage. 2,16,17

Mylo, LLC operates the website and is the named insurance agency. Its footer identifies Mylo Insurance Solutions, LLC as a trade name in California, Illinois, Michigan and North Dakota, and Mylo Solutions, LLC as a trade name in New York. 1,3,18,19

Mylo also supplies an embedded insurance-shopping service to other companies and insurance agencies. A buyer entering through a partner should identify whether Mylo, the partner or another licensed entity is the producer for the transaction. 15,16

Risklytics describes itself as a commercial insurance brokerage. Its current legal disclosures identify Risklytics, Inc., doing business as Risklytics Insurance Services, as the producer arranging coverage rather than the insurer. 22,23

Application process

A business buyer can answer questions about the company and industry online or work by phone with a licensed advisor. Mylo says its system recommends coverage and compares available quotes; some carrier and coverage combinations can be purchased online, but an agent finalizes the policy in most cases. 1,3

Mylo’s Terms of Use say a purchase may carry additional transaction terms, require accurate and complete application answers and is not guaranteed to result in an issued policy. The posted site terms were last updated in November 2018, so buyers should review the current terms presented with a quote. 3

Risklytics says it drafts an application using your description and public business information, including your website, for you to check and sign. It advertises Slack and email placement updates. The application-preparation process and its speed were not tested. 21

Risklytics says it reviews the application with you, approaches suitable insurers and reads quote wording before making a recommendation. Its FAQ says the insurer binds after you accept a quote; timing varies with the coverage and operation. 26

Servicing and renewals

The reviewed public pages identify Mylo advisors, a service-professional fallback and a benefits HR portal, but do not establish one universal workflow for commercial policy changes, certificates, renewals or cancellations across carriers. 1,4,14

Risklytics says a broker remains on the account after placement and certificates can be issued against the binder. Its terms describe portal access to submissions, returned options and coverage records. The reviewed FAQ and contact page do not specify a renewal remarketing commitment or certificate turnaround guarantee. 26,23,27

Risklytics provides a contact form and email support, advertising an email response within a day. That is its stated response target, not a measured service result or emergency claims commitment. 27

Availability

Mylo says it has agents licensed in all 50 states. Current Massachusetts regulator lists independently show Mylo, LLC under NPN 18590034 for property-and-casualty and surplus-lines authority in that state, but the reviewed sources do not establish every product’s availability in every state. 1,19,20

Risklytics publishes agency NPN 22311838 and Massachusetts resident license 3004393145. Its state table, dated September 10, 2026, also lists Arizona, Colorado, Illinois, Indiana, New Jersey, Ohio, Texas and Washington. These are company-reported identifiers, not independently verified licenses or product eligibility. 22

California is absent from the reviewed agency-license table. A California-authorized producer and product route remain unconfirmed in the reviewed disclosures; this does not establish that Risklytics cannot arrange California coverage. Confirm the responsible producer, authority and insurer for your operation before relying on a quote. 22,23,31

Sources

Mylo Official Website

  1. Small Business Insurance. Mylo; Hero; What Insurance Does A Small Business Need; Business Insurance FAQs; current commercial-product navigation; footer legal disclosure. Accessed 2026-09-15.
  2. About Mylo. Mylo; Your Digital One-Stop Shop; The Broker Advantage; Proven Heritage, Powerful Future; About Mylo FAQs. Accessed 2026-09-15.
  3. Terms Of Use. Mylo; Effective 21 February 2017; updated 19 November 2018; introduction; §§1.2 and 6.1–6.5. Accessed 2026-09-15.
  4. Contact Your Carrier. Mylo; Carrier contact instructions; business-insurance support and claims entries; Mylo Service Professional fallback. Accessed 2026-09-15.
  5. Business Owner’s Policy. Mylo; Current product page and Get My Quote call to action; related business-product navigation. Accessed 2026-09-15.
  6. Commercial Auto Insurance. Mylo; Commercial Auto Savings For A Business On The Move; What Commercial Auto Insurance Do I Need; FAQs. Accessed 2026-09-15.
  7. Commercial General Liability Insurance. Mylo; Current commercial product page and related business-product navigation. Accessed 2026-09-15.
  8. Cyber Insurance. Mylo; Current commercial product page; Think You Don’t Need Cyber Insurance; related business-product navigation. Accessed 2026-09-15.
  9. Medical Malpractice Insurance. Mylo; Medical Malpractice Insurance Is Professional Liability; What Types Of Coverage Are Available; cyber section; FAQs. Accessed 2026-09-15.
  10. Professional Liability Insurance. Mylo; Current commercial product page; Professional Liability? But I Do Good Work; related business-product navigation. Accessed 2026-09-15.
  11. Surety Bonds. Mylo; Surety Bonds Show You Mean Business; How Does A Surety Bond Work; quote calls to action; FAQs. Accessed 2026-09-15.
  12. Commercial Umbrella Insurance. Mylo; Current commercial product page and related business-product navigation. Accessed 2026-09-15.
  13. Workers’ Compensation Insurance. Mylo; Current commercial product page; Workers’ Comp? What’s In It For Me; related business-product navigation. Accessed 2026-09-15.
  14. Small Group Benefits. Mylo; Hero for employers with 2–99 employees; benefit categories; enrollment, HR portal and licensed-advisor service. Accessed 2026-09-15.
  15. Partner With Mylo. Mylo; Insurance-agency and other-industry paths; embedded offering categories; carrier statement; demo request. Accessed 2026-09-15.
  16. Insurtech Mylo Teams With Gainbridge To Introduce Gainbridge Protect. Group 1001; 26 September 2023 announcement; Amplifi description; statement that Mylo and Gainbridge are backed by Group 1001; About Mylo and About Group 1001. Accessed 2026-09-15.
  17. Mylo Is No Longer Part Of Lockton. Kansas City Business Journal; Headline and article preview; 23 May 2023; prior minority investor described as new majority investor. Accessed 2026-09-15.
  18. Mylo, LLC Entity Record. Florida Department of State, Division of Corporations; Document M17000007667; foreign Missouri LLC; active; 2026 annual report filed 30 April 2026. Corporate registration, not an insurance license. Accessed 2026-09-15.
  19. Licensed Property And Casualty Agencies. Massachusetts Division of Insurance; Page 114; Mylo, LLC; NPN 18590034; original approval 29 November 2017; renewal 29 November 2026. Official PDF was available in search indexing; direct download returned an access block from this workspace. Accessed 2026-09-15.
  20. Licensed Surplus Lines Broker Agencies. Massachusetts Division of Insurance; Mylo, LLC; NPN 18590034; original approval 20 December 2017; renewal 20 December 2026. Official PDF was available in search indexing; direct download returned an access block from this workspace. Accessed 2026-09-15.

Risklytics Official Website

  1. Insurance for Frontier Tech. Risklytics; You describe your company; One application. Written for you; footer. Accessed 2026-09-16.
  2. About Risklytics. Risklytics; What we do; Who we insure; Licensing; Agency licenses table dated 2026-09-10. Accessed 2026-09-16.
  3. Terms of Service. Risklytics; Effective August 7, 2026; sections 1–5, 7, 9, 12; live HTML retrieved September 16, 2026. Accessed 2026-09-16.
  4. For insurers and wholesale markets. Risklytics; The lines we place; appetite form; Applications that state the exposure. Accessed 2026-09-16.
  5. How pricing and broker fees work. Risklytics; What it costs; broker fee row; No published rates; commission disclosure on request. Accessed 2026-09-16.
  6. Questions founders ask. Risklytics; Cost and process: What do we pay a broker?; What happens after we submit an application?. Accessed 2026-09-16.
  7. Contact a commercial insurance broker. Risklytics; Write to us; email response statement and contact form. Accessed 2026-09-16.
  8. Professional Liability (Tech E&O) insurance. Risklytics; How hard to get; Common questions; general-description disclaimer. Accessed 2026-09-16.
  9. Intellectual Property insurance, explained. Risklytics; Common questions; How hard to get; general-description disclaimer. Accessed 2026-09-16.
  10. Space insurance, explained. Risklytics; Built for moments like these; Common questions; general-description disclaimer. Accessed 2026-09-16.
  11. Business Name Search. California Department of Insurance; Initial agency-name search form only; no completed provider search or license result. Accessed 2026-09-16.

Updated . Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. Editorial policy. To suggest a correction, contact Spot with the page URL and supporting source.

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