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

Risklytics places cyber for robotics and AI firms, noting contracts often ask for $1 million or more; Beazley sells Full Spectrum Cyber with limits up to $5 million to accounts under $35 million.

Risklytics places Cyber Liability with outside carriers, including specialists willing to write robotics, autonomy and AI risk, and cites a typical enterprise-contract ask of $1 million or more. Beazley publishes a $5 million Full Spectrum Cyber ceiling for accounts under $35 million in revenue. ^5,^6,¹

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

Robotics and AI Markets Versus a Revenue-Capped Beazley Form

Risklytics is a licensed producer that places Cyber Liability with outside carriers and says it works with specialist insurers willing to write robotics, autonomy and AI risk. Beazley underwrites Full Spectrum Cyber itself for accounts under $35 million in revenue with limits up to $5 million, without describing those specialist AI markets. Choose Risklytics if you need a producer who will take robotics or AI risk to specialist markets; choose Beazley if you want a named small-business form and fit the revenue cap. ⁶ ⁵ ¹

No Broker Fee Versus Discounted Vendor Tools

Risklytics says there is no broker fee on top of the premium and a licensed producer stays on the file until the program binds, started through its online application. Full Spectrum Cyber policyholders instead get discounted vendor services such as anti-phishing tools through Beazley Security after the policy is bound. ⁷ ¹

Contract Ask Versus a Published Ceiling

Risklytics lists a typical ask of $1 million or more in enterprise contracts for this line, and says companies usually need it the first time they hold customer data in production. Beazley publishes a $5 million ceiling for Full Spectrum Cyber rather than an enterprise-contract typical ask. ⁵ ¹

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

Ask Risklytics which specialist carrier would issue the policy; the site does not name one. ⁶
Ask Beazley for the issuing entity on Full Spectrum Cyber. ¹
If a customer contract requires $1 million or more, confirm both quotes meet that figure. ⁵ ¹
Ask Risklytics whether prompt-injection or model-leak wording is actually on the form it reads. ⁵

Beazley vs Risklytics Cyber Insurance Compared

Beazley vs Risklytics: Cyber Insurance: documented features by provider

Criteria	Beazley Full Spectrum Cyber for Small Businesses	Risklytics Cyber Liability Insurance
Limits and Retentions	In the sample MediaTech form, unless the declarations list a separate amount, the cyber-related insuring agreements share the same Policy Aggregate Limit of Liability with the policy's technology, professional and media coverages rather than carrying a dedicated cyber-only limit. ³Company-reported. Sample policy form F00731, 022019 edition, Limit of Liability and Coverage section; actual sublimits depend on what is purchased and shown on the declarations, and may differ for a stand-alone Full Spectrum Cyber policy.	Risklytics lists a typical ask of $1 million or more in enterprise contracts for this line. ⁵Company-reported. Lines page; actual limits are set on the bound policy.
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.	Risklytics says companies typically need this coverage the first time they hold customer data in production, and that enterprise and government contracts require it once a vendor touches their data. ⁵Company-reported. Lines 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.	You start Risklytics Cyber Liability 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. ^7,⁶Company-reported. Pricing page describes the general application and fee process, not a line-specific form.
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.	Risklytics describes Cyber Liability as paying for breach cleanup, legally required notifications, and the claims that follow a hack or data leak, such as a ransomware attack or exfiltrated customer records, and says it does not respond to a model giving bad output with no breach involved. ⁵Company-reported. Lines page; the issued policy and declarations control actual coverage.
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.	Risklytics Insurance Services is a licensed insurance producer (NPN 22311838) that places Risklytics Cyber Liability Insurance with outside carriers; it says it does not underwrite policies itself. ⁶Company-reported. About page; describes Risklytics' brokerage model generally, restated for this line.
Risk Services	Full Spectrum Cyber policyholders get discounted access to vendor services, including anti-phishing tools and training, email security services, cyber risk analysis and other pre-breach prevention services, through Beazley's partnership with its in-house Beazley Security unit. ¹Company-reported. Full Spectrum Cyber product page Vendor Services section; discount terms and vendor identities are not disclosed on the page.	Risklytics calls cyber the easiest line for its clients to get with reasonable security basics in place, and says whether a prompt-injection attack or a model leaking data is covered depends on policy wording it reads before binding. ⁵Company-reported. Lines page.