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

TechInsurance reports a median of $129 a month and lists exclusions; Beazley sells Full Spectrum Cyber with a coordinated breach response through brokers, for accounts under $35 million.

TechInsurance says its cyber liability policyholders pay a median of $129 a month based on its own customer data, and you apply online. Beazley's Full Spectrum Cyber is bought only through a broker, for accounts under $35 million in revenue with limits up to $5 million. ^5,¹

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

Published Median Premium Versus a Broker-Only Revenue Cap

TechInsurance reports a $129 monthly median, or about $1,552 a year, from its own cyber liability book, with premium depending on employee count, data volume and claims history, and you start with a short online application. Beazley publishes no typical premium for Full Spectrum Cyber; it instead caps the product at accounts under $35 million in revenue and limits up to $5 million, bound only by a broker on myBeazley. Choose TechInsurance if you want that published median and an online application; choose Beazley if you already have a broker and fit the revenue cap. ⁵ ¹

TechInsurance describes cyber as often bundled with technology errors and omissions in a combined tech E&O package, and it splits first-party breach response, extortion, interruption and data recovery from third-party legal, regulatory and reputation costs. Beazley can put cyber on a MediaTech form that shares one aggregate with technology, professional and media coverages unless declarations list a separate amount. ⁵ ³

Stated Exclusions Versus Sample Agreements

TechInsurance says cyber liability does not cover professional negligence unrelated to a breach, physical damage to electronic devices, or data loss from physical damage to hardware. Beazley's sample form names Breach Response Costs, Cyber Extortion Loss, business interruption and eCrime rather than those hardware-damage exclusions. ⁵ ³

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

Treat TechInsurance's $129 median as book-level, not your quote, and get the actual premium in writing. ⁵
Ask TechInsurance which carrier would issue the policy; the page names none. ⁵
Ask Beazley whether cyber shares a MediaTech aggregate. ³
Confirm whether TechInsurance would quote a combined tech E&O package or standalone cyber. ⁵

Beazley vs TechInsurance Cyber Insurance Compared

Beazley vs TechInsurance: Cyber Insurance: documented features by provider

Criteria	Beazley Full Spectrum Cyber for Small Businesses	TechInsurance 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.	TechInsurance says its cyber liability policyholders pay a median of $129 per month, or about $1,552 a year, based on its own customer data, with the exact premium depending on employee count, data volume, claims history, deductible and coverage limits. ⁵Company-reported. Cyber liability product page cost section; a company-reported median from TechInsurance's own book of business, not a published rate table.
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.	TechInsurance targets cyber liability at small businesses handling sensitive data, naming IT and technology professionals, retail, healthcare, financial services, real estate, and media and advertising businesses as example segments. ⁵Company-reported. Who needs cyber liability insurance section of the product 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 request cyber liability quotes online through a short application describing your business; TechInsurance says a licensed agent is available to help and that a certificate of insurance is typically available the same day you buy a policy. ⁵Company-reported. Cyber liability product page application and certificate sections.
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.	TechInsurance splits cyber liability into first-party coverage (data breach response, cyber extortion payments, business interruption, data recovery) and third-party coverage (legal fees, regulatory fines, reputation management, settlements and court-ordered damages) for claims a client brings against the business. ⁵Company-reported. Cyber liability product page; coverage described in general terms, not a specific policy form. TechInsurance says cyber liability insurance does not cover professional negligence claims unrelated to a breach, physical damage to electronic devices, or data loss from physical damage to hardware, and points buyers to errors and omissions or a business owner's policy for those gaps. ⁵Company-reported. What isn't covered by cyber liability insurance section of the product page.
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.	TechInsurance arranges cyber liability insurance as a standalone policy and describes it as often bundled with technology errors and omissions coverage in a combined tech E&O package. ⁵Company-reported. Cyber liability product page.