What Does Workers’ Compensation Insurance from Mylo Cover?

Mylo brokers workers' compensation insurance by comparing quotes from multiple carriers rather than underwriting the policy itself. ¹Company-reportedWorkers' comp product page.

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. ¹Not publicly disclosedChecked the workers' comp product page on 2026-09-23.

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. ¹Company-reportedWorkers' 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. ¹Company-reportedWorkers' comp product page "Your state makes a difference" section.

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. ¹Company-reportedWorkers' comp product page; the issued policy and its exclusions control.

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. ¹Company-reportedWorkers' comp product page FAQ "How is my premium determined?"; no specific premium figures are given.

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. ¹Company-reportedWorkers' comp product page FAQ.