Mylo vs Risklytics Workers’ Compensation Insurance

Mylo brokers workers' compensation insurance by comparing quotes from multiple carriers rather than underwriting the policy itself. ³Company-reported. Workers' comp product page.

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. ⁴Company-reported. About page; describes Risklytics' brokerage model generally, restated for this line.

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. ³Not publicly disclosed. Checked the workers' comp product page on 2026-09-23.

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. ^7,4Company-reported. Lines page and about page; no specific insurer is published for this line.

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. ³Company-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. ³Company-reported. Workers' comp product page "Your state makes a difference" section.

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. ⁷Company-reported. Lines page.

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. ³Company-reported. Workers' comp product page; the issued policy and its exclusions control.

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. ⁷Company-reported. Lines page; the issued policy and declarations control actual coverage.

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. ³Company-reported. Workers' comp product page FAQ "How is my premium determined?"; no specific premium figures are given.

Risklytics says statutory limits for this line are set by state law rather than chosen by the buyer. ⁷Company-reported. Lines page.

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. ³Company-reported. Workers' comp product page FAQ.

Risklytics calls workers' compensation easy to get, since it is legally required and priced from the client's payroll and job classifications. ⁷Company-reported. Lines page.

Not described in the reviewed sources.

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. ^8,4Company-reported. Pricing page describes the general application and fee process, not a line-specific form.