Most states in the U.S. have a competitive market for Workers’ Compensation insurance. That means that an employer is able to purchase Workers’ Compensation insurance from any insurance company that sells it. Depending on the state, this may include (a) a public state fund, (b) a quasi-public fund, or (c) private insurers.
A few states are considered monopolistic states. In these states, Workers’ Compensation insurance is only available through a public state fund owned and operated by that state. Effectively that means the state has a monopoly on the Workers’ Compensation market.
Utah does not have a public state fund. Utah has a competitive market for Workers’ Compensation. In Utah, an employer that needs workers’ compensation insurance can purchase it from any private insurer that sells it.