Beazley vs Hiscox: How Do They Compare for Cyber Insurance?

Hiscox sells cyber directly online to small businesses and IT consultants; Beazley sells Full Spectrum Cyber through brokers on myBeazley for accounts under $35 million.

Hiscox lets eligible small businesses start a cyber quote online. Beazley's Full Spectrum Cyber is bought only through a broker and is capped at $35 million in revenue. ^5,¹

What Are the Key Differences Between Beazley and Hiscox Cyber Insurance?

Direct Online Quote Versus a Broker Platform

Hiscox sells cyber as a standalone small-business product, separate from its BOP cyber add-on, and says eligible buyers can get a quote online with a licensed-agent phone line for questions. Beazley's Full Spectrum Cyber is quoted and bound only by a broker on myBeazley, for accounts under $35 million in revenue and limits up to $5 million. Choose Hiscox if you want to start online without appointing a Beazley broker; choose Beazley if you already have a broker and fit that revenue cap. ⁵ ¹

Who the Page Says Issues the Policy

Hiscox's appetite guide and About Hiscox US page name Hiscox Insurance Company Inc. as the underwriter of admitted Hiscox NOW cyber policies. Beazley's Full Spectrum Cyber page names no issuing insurer; the MediaTech application names Beazley Insurance Company, Inc., which is not confirmed for a cyber-only quote. ⁸ ⁷ ¹ ⁴

Coverage Depth You Can Read Before You Apply

Hiscox describes cyber as responding to data breaches, cyberattacks and related losses, with an illustrative breach-response example on its IT page, and does not describe ongoing security-monitoring services. Beazley's sample form names Breach Response Costs, Cyber Extortion Loss, business interruption and eCrime, and offers discounted vendor prevention tools through Beazley Security. ⁵ ⁶ ³ ¹

What Should You Confirm in Beazley and Hiscox Cyber Insurance Quotes?

Ask Hiscox for limits and retentions; the cyber page does not publish standard amounts. ⁵
Ask Beazley for the issuing entity and whether cyber shares a MediaTech aggregate. ¹ ³
Confirm whether Hiscox would quote the standalone product or the BOP cyber add-on for your account. ⁵

Beazley vs Hiscox Cyber Insurance Compared

Beazley vs Hiscox: Cyber Insurance: documented features by provider

Criteria	Beazley Full Spectrum Cyber for Small Businesses	Hiscox Cyber Security Insurance
Who It’s For	Beazley says Full Spectrum Cyber is available to accounts with under $35 million in annual revenue, with coverage limits up to $5 million, purchased by a broker through Beazley's myBeazley platform. ¹Company-reported. Full Spectrum Cyber product page eligibility paragraph; eligibility for a particular business still depends on underwriting.	Hiscox markets cyber insurance to small businesses broadly and specifically to IT and technology consultants, describing itself as customizing coverage for the technology sector's data-handling and security exposures. ^5,⁶Company-reported. Company-stated audience across the standalone cyber page and the IT-insurance page.
How to Apply	Beazley says brokers can get a quote and bind Full Spectrum Cyber through its myBeazley platform for qualifying small accounts. The MediaTech application separately asks about ransomware controls such as multi-factor authentication, VPN use, patch timing and backup frequency, which affect underwriting. ^1,⁴Company-reported. Full Spectrum Cyber product page myBeazley paragraph and MediaTech application Ransomware Controls section; a completed application does not establish acceptance, and myBeazley is a broker tool, not a direct-to-business portal.	Hiscox says eligible buyers can get a cyber insurance quote online, with a licensed-agent phone line available for questions during the process. ⁵Company-reported. Company-described online application; eligibility and binding conditions require confirmation on the actual application.
Coverage Features	The sample MediaTech cyber insuring agreements cover Breach Response Costs after an actual or suspected data breach, Cyber Extortion Loss from an extortion threat, business interruption loss from a security breach or system failure, and eCrime losses from fraudulent instruction, funds transfer fraud or telephone fraud. ³Company-reported. Sample policy form F00731, 022019 edition; the issued policy's wording and any endorsements control, and a stand-alone Full Spectrum Cyber policy may use different wording.	Hiscox describes cyber coverage as responding to data breaches, cyberattacks and related losses, and its IT-insurance page shows an illustrative breach-response example describing notification and related costs after a data incident. ^5,⁶Company-reported. Product-page description; the illustrative example is explicitly a hypothetical scenario, not a specific limit or claim outcome, and actual coverage terms are set by the issued policy.
Role in This Line	For small businesses, Beazley sells cyber coverage two ways: as Full Spectrum Cyber, built around its Beazley Breach Response product plus integrated risk-management services from its in-house Beazley Security unit, and as the cyber component bundled inside the broader MediaTech form alongside tech E&O, professional E&O and media liability. ^1,²Company-reported. US small-business product pages for Full Spectrum Cyber and MediaTech; does not address any larger-account cyber program Beazley may write separately.	Hiscox Inc. sells cyber insurance directly online as a standalone product for small businesses, separate from its business owner's policy, which also offers an optional cyber add-on. ⁵Company-reported. Company-stated standalone small-business cyber product; the BOP cyber add-on is a distinct package option described on a different page.